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 […]
August 18th, 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 are rumoured to decrease in due time, as the overnight rate influences the bond market. […]
August 11th, 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 are rumoured to decrease in due time, as the overnight rate influences the bond market. […]
August 4th, 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 are rumoured to decrease in due time, as the overnight rate influences the bond market. […]
July 28th, 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 are rumoured to decrease in due time, as the overnight rate influences the bond market. […]
July 21st, 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 have stabilized due to the bond market. Additionally this week: – Lenders cut their prime […]