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May 2011 Interest Rates Update
09 May 11 01:20 PM | Anne Lok | 0 Comments   

Mortgage rates have been fairly stable – the pattern is one we are familiar with….a rate increase of .25% and then gradually the pricing starts to settle back around 4% on a 5 yr fixed rate. More buyers are considering a shorter term of 3 Read More...

Filed under: toronto real estate, toronto downtown condos, mortgage rates

Potential changes in Canadian mortgage lending...
12 February 10 05:27 PM | Anne Lok | 0 Comments   

On March 4 th , many in the industry expect the Finance Minister to announce changes to mortgage lending regulations. Possible changes include: · increasing minimum down payment from 5% to 10%; · decreasing maximum amortization from 35 years Read More...

Filed under: toronto real estate, financing, mortgage rates

Mortgage Pre-approvals...might be discontinued?
25 June 09 10:42 AM | Anne Lok | 0 Comments   

Pre-approvals and rate holds have been a standard offering with most lenders. I recently received a newsletter from a mortgage broker I work closely with in Toronto [Rosanna Younan from Premiere Mortgage Centre], informing me that two big lenders, TD Read More...

Filed under: Buyer Information, mortgage rates

"...Committed to keeping lending rates low until June 2010"
25 April 09 04:31 PM | Anne Lok | 0 Comments   

Mark Carney, Govenor - Bank of Canada, clearly stated the central bank is committed to keeping the lending rate at .25% until June 2010. He believes the low rate is key to weathering the storm; however, if necessary the central bank also has some other Read More...

Filed under: mortgage rates