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January 2020

Market watch - Strong Recovery in Sales Activity in 2019
We certainly saw a recovery in sales activity in 2019 in many areas around the country, particularly in the second half of the year. As anticipated, many home buyers who were initially on the sidelines moved back into the market place starting in the spring. Buyer confidence was buoyed by a strong regional economy and declining contract mortgage rates over the course of the year. ... read more
Canadian Housing Market Outlook for 2020
The Canadian housing market is expected to stabilize in 2019, particularly in Vancouver and Toronto, as we move into 2020. Healthy price increases are expected this year, with estimating a 3.7 per-cent increase in the average residential sale price. ... read more
Renting vs. Owning a Home: What's the Difference?
Buying a house can be the most rewarding purchase you ever make. However, depending on your current circumstance this may not be your best option. To help make an educated decision, try to answer the following questions first: ... read more
Is Refinancing Your Mortgage a Good Idea?
There are times when it makes sense to refinance your mortgage. It is, however, important to have a clear financial objective in mind to be able to choose the most appropriate loan. ... read more
Beautify Your Home With Stone Veneer Design
Whether you want to increase the resale value of your home, or you just want it to look its best inside and out, nothing does both like the look of stone crafted designs. Yet, natural stone can be prohibitively expensive. ... read more
 

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NATIONAL MORTGAGE RATES
Term Posted
Rates*
Best
Rates*
6 Months 3.34% 3.30%
1 Year 3.59% 3.04%
2 Years 3.74% 2.89%
3 Years 3.89% 2.79%
4 Years 3.95% 2.95%
5 Years 5.34% 2.69%
7 Years 5.80% 2.99%
10 Years 6.10% 3.04%
Variable Rate 2.90%
Prime Rate ** 3.95%
*last updated: Jan 13,2020


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