October 2nd, 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:
– The Toronto Star released an article stating the GTA is expected to lead country in luxury home sales. Learn More›.
– A new poll stated that GTA homebuyers are choosing convenience over size. Learn More›.
– First-time homebuyers are feeling the weight of Canada’s housing boom. Learn More›.
– The Globe And Mail released an interesting article comparing property taxes with different home values across Canada. Learn More›.
– Another strong month for GTA new-home sales. Learn More›.
Stay tuned for the next update!
For any questions and concerns please do not hesitate to call Harpreet Singh The Mortgage King at (416) 795-1919.Share this post on: Connect with us on: