When the Bank of Canada's Mark Carney speaks the public listens. This is exactly the reason why the canadian detached/semi/rowhouse market will not correct significantly.
In fact one of Canada's largest bank is still offering zero down mortgages, and stated income products for the self employed.
Have a great day!
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brampton: Halton Real Estate Market On Fire!
- 04/18/12 04:05 AM
The real estate market in Halton Hills aka Georgetown is on fire. Bidding wars on anything under 500,000 is now the normal. Fully qualified purchasers are walking in firm and lifting a requirement for inspections while still paying over list. Real estate agents are pricing the homes at fair market value, but buyers dont want to risk losing out so, they are willing to pay a small premium to secure the property!
Its all about the supply and demmand in the Greater Toronto Area. Call the readers choice award winning Mortgage Broker to get the best advice on your next … (0 comments)
brampton: Mortgage Interest Rate Commentary
- 01/12/12 03:32 AM
Low and stable bond yields have some lenders reducing mortgage rates on the 3-5 year terms. They are getting fairly attractive relative to the variables since the discounting from prime has virtually disappeared. In Europe the European Central Bank rate remained unchanged at 1% today. They have long since stopped talking about rate increases as the European economies continue to struggle with heavy debt loads. Mortgage brokers clients continue to beat the bank … (0 comments)
The Bank of Canada may be thinking about raising interest rates but there’s apparently no need to because Canadians are hunkering down to cool debt obligations on their own.
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