August 2nd, 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: – Toronto Mayor: No hurry to make a decision on cooling foreign investment with measures like those that […]
July 26th, 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: – BILD: GTA Low rise homes have more than doubled in price in the past decade; average appreciation […]
July 19th, 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: – B.C. government announced that overseas nationals bought approximately 5 per cent of homes in the province over […]
July 12th, 2016 Mortgage Industry Update The Bank of Canada announced on May 25th that it’s overnight lending rate will remain at 0.50%. The prime rate remains at 2.70%. Most fixed rates have also slightly declined. Additionally this week: – Introducing a new 5 year variable promotional low rate of 2.25%!!! – TREB: As of […]
July 5th, 2016 Mortgage Industry Update The Bank of Canada announced on May 25th that it’s overnight lending rate will remain at 0.50%. The prime rate remains at 2.70%. Most fixed rates have also slightly declined. Additionally this week: – Introducing a new 5 year variable promotional low rate of 2.25%!!! – Toronto’s house prices […]
June 28th, 2016 Mortgage Industry Update The Bank of Canada announced on May 25th that it’s overnight lending rate will remain at 0.50%. The prime rate remains at 2.70%. Most fixed rates have also stabilized. Additionally this week: – Introducing a new 5 year fixed promotional low rate of 2.49%!!! – Economists forecast Bank of […]
June 21st, 2016 Mortgage Industry Update The Bank of Canada announced on May 25th that it’s overnight lending rate will remain at 0.50%. The prime rate remains at 2.70%. Most fixed rates have also stabilized. Additionally this week: – Introducing a new 5 year fixed promotional low rate of 2.49%!!! – Bank of Canada: Economy […]
June 14th, 2016 Mortgage Industry Update The Bank of Canada announced on May 25th that it’s overnight lending rate will remain at 0.50%. The prime rate remains at 2.70%. Most fixed rates have also stabilized. Additionally this week: – BoC governor Stephen Poloz: Consumers should not assume that the current frenzy in the country’s real […]
June 7th, 2016 Mortgage Industry Update The Bank of Canada announced on May 25th that it’s overnight lending rate will remain at 0.50%. The prime rate remains at 2.70%. Most fixed rates have also slightly declined and become stable. Additionally this week: – TREB: Number of new listings in April dropped by nearly 10% on […]
May 31st, 2016 Mortgage Industry Update The Bank of Canada announced on May 25th that it’s overnight lending rate will remain at 0.50%. The prime rate remains at 2.70%. Most fixed rates have also slightly declined and become stable. Additionally this week: – Bank of Canada maintaining its target for the overnight rate at 1/2 […]