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Recent Schomberg Real Estate News

Rates are Falling. Keep it on the Down-Low
Fri, 25 May 2012 20:54:22
Over the last two months, there’s been an eerie sentiment shift in the rate market. In March, the BoC's hints of tightening drove yields to 7-month highs. Financial markets almost...

The Housing Indicator to Watch
Thu, 24 May 2012 19:13:58
National home prices are inflated by almost every measure, including: median price/median income, prices/rents and prices/GDP. In this week’s Globe column, we look at the one demand-related gauge of housing...

New Mortgage Restrictions Approach
Thu, 24 May 2012 03:07:00
Many of OSFI’s proposed mortgage underwriting guidelines may be coming soon to a bank near you. An OSFI spokesperson told us on Wednesday, “We are still aiming for a late...

RBC Shaves its Benchmark Rate by 10 Bps
Wed, 23 May 2012 17:11:17
At long last we have a Big 6 Bank lowering advertised fixed rates. RBC trimmed its 5-year posted rate to 5.34% today. It’s the first drop in posted rates in...

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