October 27th, 2015 Mortgage Industry Update The Bank of Canada announced on October 21st that it’s overnight lending rate will remain at 0.50%. The prime rate remains at 2.70%. Additionally, most fixed rates remain stable. Additionally this week: – Conference Board of Canada: Fraser Valley, Toronto, Oshawa, Hamilton, Sherbrooke expected to see largest short-term MLS […]
October 20th, 2015 Mortgage Industry Update The Bank of Canada announced on September 9th that it’s overnight lending rate will remain at 0.50%. The prime rate remains at 2.70%. Additionally, most fixed rates remain stable. Additionally this week: – RealtyTrac: Q3 US bank repossessions up 3%. Marks second quarter in a row that saw increased […]
October 13th, 2015 Mortgage Industry Update The Bank of Canada announced on September 9th that it’s overnight lending rate will remain at 0.50%. The prime rate remains at 2.70%. Additionally, most fixed rates remain stable. Additionally this week: – TD Bank forecast for interest rates: Bank of Canada overnight rate expected to remain at 0.5% […]
October 6th, 2015 Mortgage Industry Update The Bank of Canada announced on September 9th that it’s overnight lending rate will remain at 0.50%. The prime rate remains at 2.70%. Additionally, most fixed rates remain stable. Additionally this week: – GTA sales hit new record for September. TREB says that 8,200 homes were sold in the […]
September 29th, 2015 Mortgage Industry Update The Bank of Canada announced on September 9th that it’s overnight lending rate will remain at 0.50%. The prime rate remains at 2.70%. Additionally, most fixed rates remain stable. Additionally this week: – Business Insider: Starbucks to lend its UK staff 0% interest loans to help them put down […]
September 22nd, 2015 Mortgage Industry Update The Bank of Canada announced on September 9th that it’s overnight lending rate will remain at 0.50%. The prime rate remains at 2.70%. Additionally, most fixed rates remain stable. Additionally this week: – BMO survey suggests 24% of Canadians have little/nothing in emergency fund. Roughly 56% have less than […]
September 15th, 2015 Mortgage Industry Update The Bank of Canada announced on September 9th that it’s overnight lending rate will remain at 0.50%. The prime rate remains at 2.70%. Additionally, most fixed rates remain stable. Additionally this week: – Fitch Ratings says that investors in Europe and the US are buying Canadian mortgage-backed covered bonds […]
September 8th, 2015 Mortgage Industry Update The Bank of Canada announced on July 15th that it’s overnight lending rate will be cut to 0.50%. The prime lending rate at most lending institutions thus decreased to 2.70%. Additionally, most fixed rates remain stable. Additionally this week: – The unemployment rate increased 0.2 percentage points to 7.0% […]
September 1st, 2015 Mortgage Industry Update The Bank of Canada announced on July 15th that it’s overnight lending rate will be cut to 0.50%. The prime lending rate at most lending institutions thus decreased to 2.70%. Additionally, most fixed rates remain stable. Additionally this week: – Recent stock market turmoil causing speculation that the US […]
August 25th, 2015 Mortgage Industry Update The Bank of Canada announced on July 15th that it’s overnight lending rate will be cut to 0.50%. The prime lending rate at most lending institutions thus decreased to 2.70%. Additionally, most fixed rates remain stable. Additionally this week: – Economist Magazine: For 5th year, Canada takes 3 of […]