Bank of Canada – Prime Remains at 3%
This morning the Bank of Canada announced that it is not making any changes to the prime rate. This comes after 3 previous increases during the summer. The bank expects the economic recovery to be more gradual than it had projected in July. To read the full Bank of Canada press release click here. ...
Monday Mortgage Rate Review Minute
Where do mortgage rates stand in Toronto? Here's what you need to know in today's Monday Mortgage rate ...
Monday Mortgage Rate Review on a Wednesday
What's new with mortgage rates in Toronto and beyond? In this rate review post, we chat about how rates are shaping ...
The Old Man, the Boy & the Donkey
An old man and a young boy were traveling through a village with their donkey. The boy rode on the donkey and the old man walked. As they went along, they passed some people who remarked it was a shame that the old man was walking and the boy was riding. The man and ...
What Is a Vtb or Vendor Take Back Mortgage?
This generation of first time borrowers are spoiled rotten. Imagine their shock 5 years from now when their ultra low 3.59% fixed rate mortgage is renewed into a more realistic 6% mortgage? When I speak to older borrowers who have been around the block a few times I am constantly reminded by them of ...
Monday Mortgage Review Sept 27th 2010
Officially these are the lowest fixed rate mortgages my father ever remembers being able to offer over the course of his 34 year long career. They may be lowest I’ll ever be able to offer as well. Here are the current Toronto Mortgage Interest Rates available this week: 2.70% – 1 Year Fixed 2.90% ...