Sales 10,775 Average Price $951,404 New Listings 18,491

‘The Bank of Canada today maintained its target for the overnight rate at the effective lower bound of ¼ percent, with the Bank Rate at ½ percent and the deposit rate at ¼ percent.’ – Bank Of Canada

The Bank of Canada today maintained its target for the overnight rate at the effective lower bound of ¼ percent. The Bank Rate is correspondingly ½ percent and the deposit rate is ¼ percent.

Sales 11,081 Average Price $943,710 New Listings 17,956

The Bank of Canada today maintained its target for the overnight rate at the effective lower bound of ¼ percent. The Bank Rate is correspondingly ½ percent and the deposit rate is ¼ percent.

Sales 8,701 Average Price $930,869 New Listings 16,153

‘Effective immediately, MCAP will qualify Insurable Switches/Transfers originally closed prior to November 30, 2016 as follows: -Using the Contract Rate for 5 year Fixed term mortgages -Using the greater of Contract Rate or Benchmark for Variable mortgages or Fixed mortgages with a term of less than 5 years’ *** This means if you originally closed […]

Sales 4,606 Average Price $863,599 New Listings 9,104

‘Genworth Canada confirms that it has no plans to change its underwriting policy related to debt service ratio limits, minimum credit score and down payment requirements.’ – Genworth Canada This means you can have a bit more purchasing power with Genworth Canada compared to CMHC.