Real Estate Canada Market News

Mortgage Rates Continue To Slide

Wednesday, August 25th, 2010

Rates: 1yr 2.44% (0.00%) 2yr 3.09%% (+ 0.05%) 3yr 2.90% (- 0.54%) 4yr 3.79% (0.00%) 5yr 3.69% (- 0.10%) 3yr variable closed (Prime - .75%) = 2.00% 5yr variable closed (Prime - .65%) = 2.10% Although we still experience a decline in mortgage rates be prepared for the prime rate to go higher before the end ...

Posted in Mortgage News

Bank of Canada Raises Rates, More to Come

Saturday, July 14th, 2007

The Bank of Canada announced a quarter-point hike in its key interest rate this week, and warns that more increases are still to come. By early 2008, the Bank projects interest rates will increase another three-quarter points, bringing the overnight rate to 5.25. The current rate is now 4.5. This is bad ...

Posted in Real Estate News