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Average price of homes in Toronto tops $1 million

2015-03-05 | 08:48:31

Wow! With a 9% housing price increase over last year, Toronto is now Canada's first $1 million housing city (at least for detached homes). What does this mean for Torontonians?Interestingly…This means that most first time home buyers and...

Bank of Canada Announcement March 4, 2015

2015-03-04 | 11:52:14

The Bank of Canada did not change their Prime Lending Rate at this mornings announcement.Prime Rate holds at 2.85%5 Year Qualifying Rate has been reduced to 4.74% www.bankofcanada.ca/2015/03/fad-press-release-2015-03-04/ If you have any...

Dominion Lending Centres Chief Economist Comments on BOC Rate Hold

2015-03-04 | 09:08:36

For Immediate ReleaseMarch 4, 2015Vancouver, B.C.- Dr. Sherry Cooper, Chief Economist for Dominion Lending Centres (DLC) was expecting the Bank of Canada to leave interest rates unchanged today in the wake of the surprising rate cut in late January....

Happy Holidays!

2014-12-08 | 18:07:07

Wishing everyone a very safe and happy holiday season!Cory Kline, AMPMortgage Planning Since 1998   -  VOTED: Barrie's Best Mortgage Professional, by the readers of the Barrie Examiner.Neighbourhood Dominion Lending Centres -...

Mortgage Market Update

2013-10-31 | 11:46:02

Bond rates have continued to inch downward the past week. If this continues, we will likely see some further softening of long term rates. Several lenders did lower their rates by 10 basis points. 5 year rates continue in the 3.49-3.89%. Variable...

Mortgage Market Update

2013-10-04 | 12:16:53

No change! Rates have remained steady this past week as a result of very little movement in the bonds.  5 year funds are available in the 3.69-3.89% range.10 year funds are in the 4.39% range.Variable rate mortgages are available as low as...