July 18th, 2017 Mortgage Industry Update The Bank of Canada announced on July 12th that it’s overnight lending rate will increase from 0.50% to 0.75%. The prime rate at almost all institutions has increased from 2.70% to 2.95%, the first increase in 7 years. Fixed rates have slightly risen over the last 3 weeks and […]
July 11th, 2017 Mortgage Industry Update The Bank of Canada announced on May 24th that it’s overnight lending rate will remain at 0.50%. The prime rate remains at 2.70%. Fixed rates have slightly risen over the last week with the expectation they will further slightly increase in the upcoming weeks. Additionally this week: – Real […]
July 4th, 2017 Mortgage Industry Update The Bank of Canada announced on May 24th that it’s overnight lending rate will remain at 0.50%. The prime rate remains at 2.70%. Fixed rates have slightly risen over the last week with the expectation they will further slightly increase in the upcoming weeks. Additionally this week: – Mercer’s […]
June 27th, 2017 Mortgage Industry Update The Bank of Canada announced on May 24th that it’s overnight lending rate will remain at 0.50%. The prime rate remains at 2.70%. Both fixed and variable rates are generally stable within the market at this point in time. Additionally this week: – TheRedPin report: Property prices and proximity […]
June 20th, 2017 Mortgage Industry Update The Bank of Canada announced on May 24th that it’s overnight lending rate will remain at 0.50%. The prime rate remains at 2.70%. Both fixed and variable rates are generally stable within the market at this point in time. Additionally this week: – StatsCan: Amount of household debt as […]
June 13th, 2017 Mortgage Industry Update The Bank of Canada announced on May 24th that it’s overnight lending rate will remain at 0.50%. The prime rate remains at 2.70%. Both fixed and variable rates are generally stable within the market at this point in time. Additionally this week: – CMHC: 6 month moving average rate […]
June 6th, 2017 Mortgage Industry Update The Bank of Canada announced on May 24th that it’s overnight lending rate will remain at 0.50%. The prime rate remains at 2.70%. Both fixed and variable rates are generally stable within the market at this point in time. Additionally this week: – TREB: GTA home sales plunged last […]
May 30th, 2017 Mortgage Industry Update The Bank of Canada announced on May 24th that it’s overnight lending rate will remain at 0.50%. The prime rate remains at 2.70%. Both fixed and variable rates are generally stable within the market at this point in time. Additionally this week: – Jones Lang LaSalle study: Commercial tenants […]
May 23rd, 2017 Mortgage Industry Update The Bank of Canada announced on April 12th that it’s overnight lending rate will remain at 0.50%. The prime rate remains at 2.70%. Both fixed and variable rates are generally stable within the market at this point in time. Additionally this week: – JLL Canada: Toronto commercial rents set […]
May 16th, 2017 Mortgage Industry Update The Bank of Canada announced on April 12th that it’s overnight lending rate will remain at 0.50%. The prime rate remains at 2.70%. Both fixed and variable rates are generally stable within the market at this point in time. Additionally this week: – Moody’s Investors Service downgrades Canada’s big […]