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Mortgage Rates, Toronto Stock Exchange (TSX) and Canadian/US Dollar Exchange. Mar. 16/11

By
Real Estate Sales Representative with RE/MAXCamosun (Chatterton)

March 16, 2011...

Canadian Bank Prime Rate is currently 3.00%.

CanEquity Mortgage is offering 3.92% APR on a 5 year fixed closed mortgage.

The Toronto Stock Exchange (TSX) was down 22.14 points closing at 13,524.82.

Canadian/US Dollar Exchange Rate dropped 80 points today to close at 100.83 USD.

Comments (4)

Silvia Dukes PA, Broker Associate, CRS, CIPS, SRES
Tropic Shores Realty - Ich spreche Deutsch! - Spring Hill, FL
Florida Waterfront and Country Club Living

Ted, I haven't followed the markets a lot lately but I imagine the disastrous news out of Japan are bringing them down everywhere.

Mar 16, 2011 01:51 PM
Brian Madigan
RE/MAX West Realty Inc., Brokerage (Toronto) - Toronto, ON
LL.B., Broker

Ted,

The TSX is still sliding. That needs to change for a good real estate market this Spring.

Brian

Mar 16, 2011 03:14 PM
Ted Tyrrell
RE/MAXCamosun (Chatterton) - Victoria, BC
Selling Homes in Beautiful Victoria

Silvia and Brian, did you look at the Canadian/US exchange for the last two days? We lost about 2 cents against the US greenback over the last three days.

Mar 16, 2011 03:29 PM
Brian Madigan
RE/MAX West Realty Inc., Brokerage (Toronto) - Toronto, ON
LL.B., Broker

Ted,

Yes, that's interesting. Again, these are things that need to be closely monitored.

Brian

Mar 17, 2011 09:56 AM