Mortgage Rates | Fifth Avenue REM mediaiqdigital tracking pixel

Bank of Canada Holds Interest Rate Steady Amid Inflation Concerns

Jamie Squires, Fifth Avenue Real Estate Marketing President, says, “The Bank of Canada’s decision to hold interest rates steady provides a sense of stability for home buyers in the short term, as mortgage rates are unlikely to see immediate increases. However, the broader challenges of housing affordability and the potential for future rate hikes should […]

Canadian Households and Housing Market Show Resilience in Response to Recent Interest Rate Hike

With files from Scott White

Mortgage Questions and Answers with Rebecca Awram

WESTMINSTER PLATEAU – NOW SELLING AN EXCLUSIVE COLLECTION OF 36 MODERN TOWNHOMES & 54 EFFICIENTLY DESIGNED 1 BEDROOM TO 2 BEDROOM & DEN CONTEMPORARY CONDOS COMING SOON  

What the Bank of Canada’s Rate Hike Means for Mortgage Holders

Canadians, who have watched the cost of a mortgage rising steadily over the past year, took another hit when the Bank of Canada hiked its interest rate to 4.5 percent on late last month. The hike is the eighth in less than a year and was accompanied by the central bank, which said the rate […]

What You Need to Know About Mortgages in 2021

MORTGAGE RATES Rates are continuing to remain low, with 5-year fixed rates available in normal mortgages with full features and no odd restrictions, available at 1.84% and variable at prime -0.75% (1.70%). The sharpest rates are for high-ratio insured purchases. It’s nice to see some larger discounts off of prime for variable-rate mortgages, as those […]