Mortgage Daily

Interest rates are at a record low for a five-year, fixed-term mortgage , still the most popular product among homeowners. Some banks are offering rates as low as 3.75%, if the buyer locks in for a full five years. … The association is forecasting that the average price of a home will drop only 5.2% this year from a year ago. In February, CREA had forecast a 6.4% drop in average price. Not everyone is convinced the housing market in Canada has turned the corner. …

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Affordability, lower rates, prices lift home sales …

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