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Recent Richmond Hill Real Estate News
Switch After 12 Months?Sun, 05 Sep 2010 03:04:00
One year ago, people were paying prime rate for new variable-rate mortgages. (See: First to Prime) Today, the market is down to prime – 0.70%, or thereabouts. For those who...
New Regulations for LOCs and Mortgages
Fri, 03 Sep 2010 03:07:34
The Department of Finance (DoF) put new credit card regulations in force yesterday. A few of the rules also apply to credit lines and mortgages. The DoF says the new...
A 1-Year Fixed Strategy
Thu, 02 Sep 2010 09:06:00
The odds are fair that prime rate is heading 25 basis points higher in one of the next two Bank of Canada meetings. (See this Reuters’ poll) After that increase,...
BMO Drops 5-Year “Low Frills” Rate To 3.59%
Wed, 01 Sep 2010 13:07:10
BMO continues to aggressively execute its new discount mortgage strategy. It just sliced its 5-year fixed "low frills” rate from 3.79% to 3.59%. It’s the lowest publicly-advertised 5-year fixed rate...
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