December 11th, 2014 Mortgage Industry Update As the year ends, we see lenders start to stabilize their interest rates. For this reason, mortgage promotional rates are likely to remain the same, as 2014 concludes. Additionally this week: – BoC warns of an overvalued housing market, by as much as 10-30%. [fancy_link link_text=”Learn More” url=”http://www.mortgagebrokernews.ca/news/boc-joins-the-housing-overvaluation-discussion-186265.aspx” float=”none”]. […]
December 4th, 2014 Mortgage Industry Update As the year ends, we see lenders start to stabilize their interest rates. For this reason, promotional rates are likely to remain the same, as 2014 concludes. Additionally this week: – Canadians expect to be debt free on retirement… except for the mortgage. [fancy_link link_text=”Learn More” url=”http://www.cbc.ca/news/business/manulife-survey-suggests-27-don-t-count-mortgages-as-debt-1.2855974″ float=”none”]. – […]
November 27th, 2014 Mortgage Industry Update Our 5 year fixed promotional rate has dropped to 2.69%, from 2.79%!!! It is possible that we could see some major banks follow the trend in the upcoming month. Additionally this week: – New 5 Year Fixed Promotional rate – 2.69%!!! Please call for an approval today! – New […]
November 20th, 2014 Mortgage Industry Update Our 5 year fixed promotional rate has dropped to 2.69%, from 2.79%!!! It is possible that we could see some major banks follow the trend in the upcoming month. Additionally this week: – New 5 Year Fixed Promotional rate – 2.69%!!! Please call for an approval today! – Mortgage […]
November 13th, 2014 Mortgage Industry Update Our 5 year fixed promotional rate has dropped to 2.69%, from 2.79%!!! It is possible that we could see some major banks follow the trend in the upcoming month. Additionally this week: – New 5 Year Fixed Promotional rate – 2.69%!!! Please call for an approval today! – Ontario’s […]
November 6th, 2014 Mortgage Industry Update Interest rates are likely to remain steady for the month of November, without any major changes to promotional rates. Additionally this week: – Mississauga real estate lawyer disappears with $3.5M of clients’ money. [fancy_link link_text=”Learn More” url=”http://www.thestar.com/news/crime/2014/11/04/lawyer_missing_along_with_35_million_in_clients_money.html?app=noRedirect” float=”none”]. – PricewaterhouseCoopers and the Urban Land Institute say that mixed use […]
October 30th, 2014 Mortgage Industry Update Interest rates are likely to remain steady for the upcoming of the month of November, without any major changes to promotional rates. Additionally this week: – Canada’s homes are getting greener. [fancy_link link_text=”Learn More” url=”http://www.calgaryherald.com/homes/Green+standards+becoming+norm+exception+homebuilding/10319339/story.html?__federated=1#__federated=1″ float=”none”]. – Housing bubble talk shifts to autos. [fancy_link link_text=”Learn More” url=”http://www.huffingtonpost.ca/2014/10/23/auto-loans-canada_n_6036714.html?utm_hp_ref=canada-business” float=”none”]. – […]
October 23rd, 2014 Mortgage Industry Update Interest rates are likely to remain steady for the remainder of the month of October, without any major changes to promotional rates. Additionally this week: – The Toronto Star published an interesting article stating that developers are shifting sights to two-bedroom condos. [fancy_link link_text=”Learn More” url=”http://www.thestar.com/business/real_estate/2014/10/22/developers_shifting_sights_to_twobedroom_condos.html” float=”none”]. – The […]
October 16th, 2014 Mortgage Industry Update One of our main lenders decreased their 5 year variable interest rate to 2.20%!!! There is a possibility some lenders will follow, for the month of October. Additionally this week: – Canadian homeowners paying down mortgages faster than thought: CIBC. [fancy_link link_text=”Learn More” url=”http://www.vancouversun.com/touch/story.html?id=10291351″ float=”none”]. – Despite a positive […]
October 9th, 2014 Mortgage Industry Update One of our main lenders decreased their 5 year variable interest rate to 2.20%!!! There is a possibility some lenders will follow, for the month of October. Additionally this week: – Yahoo Finance released an article sharing the top 4 things people pay more to live near. [fancy_link link_text=”Learn […]