Mortgage rates going up but Bank of Canada cut bank rate to 0.25% Mortgage rates are increasing although Bank of Canada slashed bank rate to 0.25% “Thе costs оf fundѕ fоr bаnkѕ is ѕkуrосkеtіng and bаnk earnings аrе рlungіng,” Sherry Cooper, chief economist at Dominion Lеndіng Cеntеrѕ said. “Evеrу ѕіnglе business they […]
mortgage rates
Vancouver’s Housing Market is Dismal – Still Out Of Reach For Household Incomes Of $120,000 Yearly
Vancouver’s Housing Market is Dismal – Still Out Of Reach For Household Incomes Of $120,000 Yearly The housing numbers out of Vancouver, once among the world’s hottest real estate markets, are getting more dismal with each passing month. Sales in April, 2019 were the lowest in 24 years for a month that […]
Canadian mortgage rates goes down to their lowest level in 2 years
Canadian mortgage rates goes down to their lowest level in 2 years House prices may be as high as ever in Toronto in June, 2019, but Toronto homebuyers are being offered some of the lowest mortgage rates seen in 2 years as lenders battle to drum up new business. Rates on a standard […]
Toronto housing slowdown reasons Bank of Canada showed
Toronto housing slowdown reasons Bank of Canada showed The Bank of Canada found the prices of the housing market went up way out of affordability range for buyers. The Bank estimated. that between 2015 and 2018, the rising cost of home ownership would have lowered annual home sales nationwide by a hefty 56,000 […]