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 […]
October 4th, 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: – Finance Minister: Federal government will no longer allow non-residents who buy […]
September 27th, 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: – Sep 20- John Tory: Conditions that triggered foreigner-driven price increases in […]
September 20th, 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: – Manulife survey: Just 25% of those who rent plan to become […]
September 13th, 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: – Survey of Employed Canadians by Canadian Payroll Association: Approx. 24% of […]
September 6th, 2016 Mortgage Industry Update The Bank of Canada announced on July 13th that it’s overnight lending rate will remain at 0.50%. The prime rate remains at 2.70%. Most fixed rates have stabilized. Additionally this week: – Trimart Research Corporation report: Toronto low-rise sales dropped by 27.1% on a year-over-year basis and 38.5% month-over-month […]
August 30th, 2016 Mortgage Industry Update The Bank of Canada announced on July 13th that it’s overnight lending rate will remain at 0.50%. The prime rate remains at 2.70%. Most fixed rates have stabilized. Additionally this week: – Alberta builders to see moderate increase in activity in 2017 (5.7%) following major reduction (40%) in home […]
August 23rd, 2016 Mortgage Industry Update The Bank of Canada announced on July 13th that it’s overnight lending rate will remain at 0.50%. The prime rate remains at 2.70%. Most fixed rates have stabilized. Additionally this week: – Vancouver, Toronto, Calgary made the Economist’s top-10 most livable cities list. Came in the 3,4,5 spots in […]
August 16th, 2016 Mortgage Industry Update The Bank of Canada announced on July 13th that it’s overnight lending rate will remain at 0.50%. The prime rate remains at 2.70%. Most fixed rates have stabilized. Additionally this week: – CREA: National home sales fell for a 3rd consecutive month: 1.3% month-over-month in July and 2.9% year-over-year. […]
August 9th, 2016 Mortgage Industry Update The Bank of Canada announced on July 13th that it’s overnight lending rate will remain at 0.50%. The prime rate remains at 2.70%. Most fixed rates have stabilized. Additionally this week: – Urbanation: Supply of new condos in GTA @ lowest level since 2010. Sales up 26%, total inventory […]