September 25th, 2014 Mortgage Industry Update

Interest rates slightly increased with a few major lenders. The majority of rates remained stable for September thus far, and it is likely they will continue as such for the month of October.

Additionally this week:
– Bloomberg released an article stating that Toronto is flooded with office space, and this is spurring fears of a new commercial real estate bust. Learn More.

– Bank of Canada deputy says low interest rates are still needed.