ALEX & ANNA - WWW.TORONTOGREATHOMES.COM

The Bank of Canada saw no reason to move its key lending rate from 1.00%, where it has been for a little over a year. That's precisely what the market anticipated and it means prime rate (which is the basis for variable mortgage rates) should remain at 3.00%. The Canadian economy is now expected to return to full ...

      The Bank of Canada kept Canada’s key lending rate at the same place it’s been for a year: 1.00%. As a result, variable-rate mortgage holders can expect prime rate to also stay put at 3.00%.      The BoC said this about its decision: In light of slowing global economic momentum and ...

Financial Institution 3 Yr 5 Yr 7 Yr 10 Yr 5 Yr Variable CENTUM Primo** 3.29 3.49 5.65 4.99 2.40 First ...

Four of Canada’s biggest banks are once again lowering residential mortgage rates at a time when falling government bond yields are cutting funding costs for financial institutions. Royal Bank of Canada, Toronto-Dominion Bank, Bank of Nova Scotia and Bank of Montreal are all trimming their posted rates on popular five-year fixed-rate ...

Fixed Rates:  Have gone up.   5 year term fixed rates range from 3.94% to 4.09% depending on "real deal" vs pre-approval, size of mortgage, and length of time until closing. Variable Rates: Have gone down a little. 5 year variable rate 2.20% (prime minus 0.80%) 3 year variable rate 2.15% The rate used by lenders to ...

According to a new survey by TD Canada Trust, more than two-thirds of repeat homebuyers expect their next house purchase won't be their last. Twenty-three per cent of the more than 1,000 participants -- all repeat homebuyers -- said they plan to move again within six years. One in five repeat buyers has owned more than five homes. All ...

Sales of houses on Toronto MLS are down on a year-over-year basis, which isn’t a surprise. The decline was predicted. Each says last year’s sales were higher than expected because many buyers were brought into the market before the threat of higher fixed mortgage rates became a reality this year, skewing sales figures, thus the large ...

Canadian homeowners are in the best shape when it comes to financial fitness, according to a survey conducted by Genworth Financial Mortgage Insurance Company Canada. The survey found 65% of homeowners pay off their credit card balances in full each month compared to 48% of non-homeowners. Those more likely to pay off their credit card balance ...

Royal Bank of Canada, the country’s largest bank, is leading the way on another round of mortgage-rate hikes, boosting borrowing costs in April for the third time in recent weeks. The rate on a five-year closed mortgage is now 6.25 per cent, an increase from the previous rate of 6.10 per cent. A one-year closed rate will, as of ...

5% Down Payment is still available at the lowest interest rates, assuming provable income and good credit. 1.85% variable rate and 3.69% 5 year fixed rate. Stated Income has become more difficult: Stated income allows business for self and commission borrowers to "state" the amount of their income rather than "prove it" by ...