Tag Archives: Toronto
Home Fall and Winter Maintenance Calendar
Fall is the time to get your home ready for the coming winter, which can be the most gruelling season for your home. During winter months, it is important to follow routine maintenance procedures, by check your home carefully for … 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
Strong Economy Sees Numbers Boosted
Reprinted from the Toronto Sun. August 26, 2011 — As one of the world’s most diverse cities, Toronto welcomes nearly 100,000 newcomers to Canada each year. These people have chosen Toronto to begin building a better life. A report released recently by … 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
Get Protected Today
Mortgage Alliance has just recently added a “No Questions Asked” insurance benefit to you our customer. This is a great product and opportunity for you in case for whatever reason you didn’t acquire mortgage protection insurance at the time your … 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