December 13th, 2016 Mortgage Industry Update The Bank of Canada announced on December 7th that it’s overnight lending rate will remain at 0.50%. The prime rate remains at 2.70%. Many fixed rates have risen by 10-30 points due to the new mortgage rule changes. Additionally this week: – Equifax: Canadian households have increased average debt […]
December 6th, 2016 Mortgage Industry Update The Bank of Canada announced on October 19th that it’s overnight lending rate will remain at 0.50%. The prime rate remains at 2.70%. Many fixed rates have risen by 10-30 points due to the new mortgage rule changes. Additionally this week: – CMHC: Share of foreign ownership of condos […]
November 29th, 2016 Mortgage Industry Update The Bank of Canada announced on October 19th that it’s overnight lending rate will remain at 0.50%. The prime rate remains at 2.70%. Many fixed rates have risen due to the new mortgage rule changes. Additionally this week: – The Licensing and Standards Committee: Recommending City Council approve new […]
November 22nd, 2016 Mortgage Industry Update The Bank of Canada announced on October 19th that it’s overnight lending rate will remain at 0.50%. The prime rate remains at 2.70%. Many fixed rates have risen due to the new mortgage rule changes. Additionally this week: – Canada Mortgage and Housing Corp. says its stress testing shows […]
November 15th, 2016 Mortgage Industry Update The Bank of Canada announced on October 19th that it’s overnight lending rate will remain at 0.50%. The prime rate remains at 2.70%. Fixed rates are predicted to slightly rise due to the new mortgage rule changes. Additionally this week: – Ontario doubling the rebate on land-transfer tax for […]
November 8th, 2016 Mortgage Industry Update The Bank of Canada announced on October 19th that it’s overnight lending rate will remain at 0.50%. The prime rate remains at 2.70%. Almost all fixed rates remain stable at this point despite new recent mortgage rule changes. Additionally this week: – CBRE’s 2016 Scoring Canadian Tech Talent report: […]
November 1st, 2016 Mortgage Industry Update The Bank of Canada announced on October 19th that it’s overnight lending rate will remain at 0.50%. The prime rate remains at 2.70%. Almost all fixed rates remain stable at this point despite new recent mortgage rule changes. Additionally this week: – Federal government ran a deficit of $2.7 […]
October 25th, 2016 Mortgage Industry Update The Bank of Canada announced on October 19th that it’s overnight lending rate will remain at 0.50%. The prime rate remains at 2.70%. Almost all fixed rates remain stable at this point despite new recent mortgage rule changes. Additionally this week: – Moody’s Analytics: CDN real estate sector will […]
October 18th, 2016 Mortgage Industry Update The Bank of Canada announced on September 7th that it’s overnight lending rate will remain at 0.50%. The prime rate remains at 2.70%. Almost all fixed rates remain stable at this point despite new recent mortgage rule changes. Additionally this week: – CREA: Federal government’s recent changes to mortgage […]
October 11th, 2016 Mortgage Industry Update The Bank of Canada announced on September 7th that it’s overnight lending rate will remain at 0.50%. The prime rate remains at 2.70%. Almost all fixed rates remain stable ahead of the autumn season. Additionally this week: – IMF estimates the Canadian GDP to grow by 1.2 per cent […]