ALEX & ANNA - WWW.TORONTOGREATHOMES.COM

        Canadian existing home sales rose 2.4 percent in March from the previous month on gains in Vancouver and Toronto. Sales increased to 36,127 units from 35,297 in February, the CREA said in a statement. Vancouver sales rose 10.9 percent to 2,059 units, while sales in Toronto advanced 1.8 percent to 6,988 ...

It's not enough to choose a variable rate mortgage based solely on rate - you also have to consider what type of variable rate you'd prefer. Below is a breakdown of the most common types:1. Adjustable Rate MortgageAn Adjustable Rate Mortgage, otherwise known as an ARM, will see your mortgage payments adjust with every Bank of Canada ...

    Canadian housing starts unexpectedly retreated in the first month of 2012 as a result of considerable decline in urban single units and slowdown in multiples. The seasonally adjusted annual rate of starts decline 1 percent to 197,900 units in January from 199,900 units a month earlier, Canada Mortgage and Housing Corp. ...

About 12 per cent of Canadian mortgage holders would be challenged if their rate went up by less than one percentage point, found a report from the Canadian Association of Accredited Mortgage Professionals. CAAMP is a national agency that represents 12,300 people who work somewhere in the mortgage industry.     Some 650,000 ...

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 interest rate gap between variable rate mortgages and fixed rate mortgages is narrowing.  The rate difference is now under 1%, down from 1.50% a month or so ago.Although the prime rate of 3.00% may not change for a year or so it is now more tempting to lock in a 5 year term fixed rate, especially since it it unlikely that fixed rates ...

      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 ...

     Canada's big banks are marking down many of their rates. It's another tenth of a percentage point drop. That means a five-year fixed-rate will cost you 5.39%, while a one-year closed mortgage will cost 3.5 %. Economists cite a weakening US economy putting downward pressure on general borrowing costs. ...

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 ...

Rates Effective as at: April 18, 2011 Prime Rate: 3.00% Qualifying Rate: 5.69%   Financial Institution 3 Yr 5 Yr 7 Yr 10 Yr 5 Yr Variable CENTUM Primo**3.694.095.655.502.30Concentra3.994.29N/A N/A 3.00First National 3.69 4.195.10 5.34 2.25FirstLine 4.004.395.255.34 2.35 Home Trust 4.59 5.09N/A N/A 3.50 ING 3.69 4.29 4.79 4.99 2.25 MCAP ...