Tag Archives: fixed rate
Getting back on track with your monthly mortgage payments – Know your option
Have you always been current on your monthly mortgage payments but are you unsure about your ability to make the timely payments with your present financial condition? If answered yes, you need not worry as there are multiple options that can help … Continue reading
Toronto Mortgage Alliance Mortgage Rates for Week of Oct. 2nd, 2011
TERM POSTED OUR RATES* 6 Month 4.45% 4.45% 1 Year 3.60% 2.75% 2 Year 3.95% 3.09% 3 Year 4.35% 2.79% 4 Year 5.04% 2.89% 5 Year 5.54% 3.29% 7 Year 6.44% 4.49% 10 Year 6.80% 4.79% Variable Rate 2.40% Prime … Continue reading
Bank of Canada Maintains Overnight Rate at 1% as Predicted
The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent. The global economic outlook … Continue reading
Toronto Mortgage Alliance Mortgage Rates for Week of Sept. 4th, 2011
TERM POSTED OUR RATES* 6 Month 4.45% 4.45% 1 Year 3.60% 2.75% 2 Year 3.95% 3.15% 3 Year 4.35% 3.09% 4 Year 5.04% 3.09% 5 Year 5.54% 3.34% 7 Year 6.44% 4.49% 10 Year 6.80% 4.79% Variable Rate 2.30% Prime … Continue reading
Revised CREA Resale Housing Forecast
The Canadian Real Estate Association (CREA) has revised its forecast for home sales activity via the Multiple Listing Service® (MLS®) Systems of Canadian real estate Boards and Associations for 2011 and 2012. Sales activity and home prices remained strong in the … Continue reading
Canadian Home Sales Stable in July
Mid August CREA released their staistics for the month of July. Overall the news was what was expected. Home sales remained stable in July, as this year more homes are expected to change hands than last year. Below is an … Continue reading
Rate Prediction for Wed, Sept. 7th, 2011 BofC Meeting
On Wednesday the Bank of Canada meets again to discuss what the monetary policy will be for the next few months. During this meeting, the overnight lending rate is also set. The last meeting kept the rate unchanged at 1%, … Continue reading
Canadian Housing Market to Remain Steady in 2011
This article is taken directly from the CMHC website: OTTAWA, August 24, 2011 — Housing starts are forecast to remain steady in 2011 and 2012, according to Canada Mortgage and Housing Corporation’s (CMHC) third quarter Housing Market Outlook, Canada Edition.1 “Housing starts have been … Continue reading
Are you ready for your new home?
Buying your first or even second home is both very exciting yet can be very intimidating. The Canadian mortgage market seems to change on a monthly basis with insurance rules changing, interest rates moving in different directions and more options … Continue reading
Opportunity Knocks
When opportunity knocks…answer the door! We are definitely living in interesting times. No time in recent history has a negative U.S market created such a great opportunity for Canadians to be buying a home or refinancing an existing home or … Continue reading