MyMortgage.ca News

The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1/4 per cent. The Bank Rate is unchanged at 1/2 per cent and the deposit rate is 1/4 per cent.

The ongoing global economic recovery is being driven largely by strong domestic demand growth in many emerging-market economies and supported in advanced economies by exceptional monetary and fiscal stimulus, as well as extraordinary measures taken to support financial systems.

 

MCAP is happy to announce the removal of the Sales Only Clause!!!

As always we are committed to moving forward with your needs in mind. January 21st MCAP confirmed the removal of the Sales Only Clause.

What does this mean to you?

Based on the announcement dated January 21st, MCAP will no longer have a Sales Only clause attached to our regular fixed rate and variable rate mortgages funded after the announcement date.

Bank of Canada maintains overnight rate target at1/4 per cent!

Mortgage Rate Sale - New 3-year ARM Special Offer

The apartment vacancy rate in Alberta's urban centres was 5.5 percent in October 2009, up from 2.5per cent in October 2008.

Bank of Canada maintains overnight rate target at1/4 per cent and reiterates conditional commitment to hold current policy rate until the end of the second quarter of 2010

Calgary's property sales for November 2009 are set to eclipse those seen in the same month last year, according to First Place Realty.

Canadian Association of Accredited Mortgage Professionals (CAAMP) releases fall survey report on residential mortgage market.

The seasonally adjusted annual rate1 of housing starts reached 157,300 units in October.

After a slow start in 2009, housing starts will become stronger by the end of 2009 according to CMHC's fourth quarter housing market outlook.