In: Mortgage News
9 Aug 2010Two of Canada’s biggest lenders have cut their posted fixed mortgage interest rates, and economists predict rates may drop even further. The Royal Bank of Canada led the charge, announcing yesterday that its five-year lending rate would be cut to 5.59%, down a tenth of a percentage point. The Bank of Montreal quickly followed suit, [...]
In: Mortgage News
9 Aug 2010Lot of negative news out there as sales numbers drop but we have seen our share of bad news over this last year, lets hope this one is temporary, as always. Good news rates are down and falling, that should keep things moving, and the summer market is nearing an end. Rates: 1yr 2.44% (-0.10%) [...]
In: Mortgage News
1 Apr 2010Closed Fixed 1yr 2.44% 2yr 2.85% 3yr 3.29% 4yr 4.04% 5yr 3.99% 7yr 4.65% 10yr 4.99% Open 3.05% Closed Variable 5yr (Prime – 0.5%) = 1.75%
Real estate news in Canada including buy and sell information, local market updates, guides, tips for Canadians in the real estate market.