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Competition Tribunal announced that it has dismissed an Application initiated by the Commissioner of Competition against the Toronto Real Estate Board (TREB), |
Showing posts with label Rate Watch. Show all posts
Showing posts with label Rate Watch. Show all posts
Competition Tribunal Dismisses Case against TREB
Ontarians take wait and see approach to housing as purchase
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| Ontario residents expect higher home prices, steady mortgage rates over the next year. |
First-time buyers poised to stand tall even as Canadian home purchase intentions fall: RBC Poll
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Cautious mood, less urgency among Canadian homebuyers, but majority still consider homeownership a good investment
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Bank of Canada keeps interest rates on hold
The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is Both Royal Bank and TD Bank: announced Monday their posted five-year closed mortgage
less than three weeks after Bank of Montreal appeared to launch a new mortgage war among lenders by cutting its rates, to just below 3 per cent, Canada's other major banks are raising their posted mortgage rates in a sign the time of ultra-low interest rate could be drawing TD Bank and RBC Royal Bank offering four-year special fixed rate mortgages
It did not take long for other major banks to follow suit, by Friday afternoon both TD Bank and RBC Royal Bank were offering four-year special fixed rate mortgages at 2.99 per cent. Both offers expire in February. Toronto-Dominion Bank offer is open untilBMO lower 5-year mortgage rate to record low
The Bank of Montreal has lowered its five-year fixed mortgage rate to a record low 2.99 per cent late Thursday the lowest posted rate from a major bank in Canadian history. The rate was decreased to 2.99 per cent Thursday, down half a point, but it does come Bank of Canada maintains overnight rate target at 1 per cent
The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent.RBC raise mortgage rates following CIBC and TD Canada Trust
TD Raised Fixed Term Mortgages
TD Canada Trust announced Monday they would be raising some of their fixed-term mortgage rates by as much as a quarter of a percentage point. The five-year fixed rate mortgage, a popular choice among The federal government tightened mortgage restrictions to get a hold on Canada's runaway household debt.
Ottawa-Canada Finance Minister Jim Flaherty has moved on Monday to tighten up the mortgage rules for the second time in less than a year, the new rules are meant to tackle growing household debt in Canada.“We are seeing people borrow to the max,” he said. ” The new rules are to prevent the kind of housing market problems that led other countries into financial crisis Canada’s six major banks,announced they would offer lower mortgage rates
Toronto- On Wednesday Canadian Imperial Bank of Commerce, National Bank of Canada and credit union giant Desjardins Group lowered residential mortgage rates to match day-earlier moves by Bank
The Canadian dollar is worth nearly as much as its American counterpart
Toronto - The Canadian dollar is worth nearly as much as its American counterpart, for the second day in a row, closing at 99.4 cents US after posting a high of 100.14 cents earlier in the
Canada’s six major banks, raised their prime lending rates to 3%.
TORONTO- Canada’s six major banks, TD Bank Financial Group, RBC Royal Bank, Canadian Imperial Bank of Commerce, BMO Bank of Montreal, the Bank of Nova Scotia and National Bank, have
New Mortgage Rules Overview How will it Affect the Real Estate Market? in Toronto and The GTA
Finance Minister Jim Flaherty new mortgage rules are being aimed at stopping housing speculators and ensuring homebuyers can adequately handle their debts when interest rates inevitably rise. Some predict the rates to start climbing as soon as June.
