January News and Rate Advisor
|Current Discount Mortgage Rates||Jan 2017|
|* Rates subject to change and OAC.|
|Canadian Qualifying Rate||Jan 2017|
|Current Posted Mortgage Rates||Jan 2017||Jan 2016||Jan 2015|
|Nationwide Building Permits||Nov 2016||Nov 2015||Nov 2014|
|Current Bank of Canada Rate & Prime Rates||Jan 2017||Jan 2016||Jan 2015|
|Average House Prices by City||Nov 2016||Nov 2015||Nov 2014|
|Average House Prices by Province||Nov 2016||Nov 2015||Nov 2014|
|Prince Edward Island||$165,406||$167,875||$180,487|
The parent company of Tim Hortons and
Burger King plans to launch an app
Canada-wide this spring that would
allow customers to order and pay in
advance on their smartphone without
lining up to pay a cashier.
The Bank of Canada is warning there will
be “material consequences” for trade if
protectionist policies under U.S.
president-elect Donald Trump come to
Wal-Mart plans to add about 10,000 retail jobs in the U.S. as it opens new stores and expands existing locations.
Starbucks Canada is installing two-way video links between baristas and drive-thru customers in what experts call the latest attempt to lure more consumers into the fast-food lane.
Canada's largest newspaper company, Postmedia Network Canada Corp., reported a profit of $17.1 million in the first quarter of its 2017 fiscal year, but says it will keep cutting costs as steep declines in its print revenue continue and growth in digital revenue remains lukewarm.
Swedish furniture retailer Ikea is recalling a beach chair globally after receiving reports that it can collapse and cause injury, such as by pinching fingers.
Canada's dollar is making another strong showing this morning against the greenback.
The trade agreement between the European Union and Canada has cleared a big hurdle in the EU's parliament when the trade committee backed the deal and prepared it for full ratification next month.
Several countries expressed hope Tuesday that the Trans-Pacific Partnership could be salvaged, after President Donald Trump's decision on a U.S. withdrawal from the trade pact left its future in serious jeopardy.
Britain's Supreme Court ruled Tuesday that parliamentary approval is needed before the government can start the process of taking Britain out of the European Union.
Some of Our Featured Mortgage Rates
|Variable Rate Mortgage||As low as 2.30%|
|3 Year Closed Rate||As low as 2.39%|
|5 Year Closed Rate Mortgage||As low as 2.64%|
|Home Equity Line of Credit (HELOC Up To 80%)||As low as Prime +.50%|
|10 Year Closed Term|| |
As low as 3.84%
Rates and terms subject to change without notice, conditions may apply.
Reverse Mortgage Specialist
New to Canada Mortgage Program
The New to Canada Mortgage allows qualified home buyers who have immigrated to Canada from another country, or have been transferred here by an employer, to qualify for mortgage insurance with as little as a 5% down payment.
Quick Details of the program - good credit or no credit history is allowed as this program allows limited Credit history.
- Must be in Canada for less than 5 years
- Must have at least 3 months Canadian employment, no probation
- Must have either a working visa or permanent status (9 SIN allowed, must prove legally allowed to be in Canada)If no credit and 5% DP - alternative sources of credit required (as per high ratio insurer guidelines)
- Working visa minimum 10% down from own sources
- Permanent Status 5% down from own sources
Call me to find out all the program details and if you qualify for this program!
Rent or Buy Video
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