Mortgage News is intended to inform you and help you and add a space for comments and opinions on the news.
Being a Toronto Mortgage Agent, most of the mortgage news to be posted will be those that immediately affect the mortgage market in Toronto.
Bank of Canada conventional mortgage rate for 5 years stays at 5.24%
Housing starts Stats in Ontario registered a 10%+ increase in the total of new housing start during the month of September 2012 compared to the same month in 2011 according CHMC
Quarterly house price survey in Toronto on the third quarter of 2012 in a two-storey shows a 5.4% increase compared to the same period in 2011 to an average price of 660,115 and a 5.9% Increase on detached bungalows to a new price of 558,900