Toronto real estate. MORTGAGE NEWS

Financial
Institution
3 Yr
5 Yr
7 Yr
10 Yr
5 Yr Variable
CENTUM Primo**
3.29
3.49
5.65
4.99
2.40
First National
3.65
3.79
4.79
4.99
2.25
FirstLine
3.79
3.89
5.04
5.24
2.60
HomeTrust
3.65
3.79
N/A
N/A
2.60
ING
3.69
3.89
4.79
4.99
2.25
MCAP
3.69
3.74
4.79
4.99
2.35
Scotia Express
3.69
3.69
4.79
5.39
2.50
Street Capital
3.49
3.79
N/A
N/A
2.40
TD
3.65
3.89
4.90
5.14
2.35
ResMor
3.94
3.79
N/A
N/A
2.50

Rates Effective as at: August 2, 2011
Prime Rate: 3.00%

Qualifying Rate: 5.39%

Greater Toronto area home prices accelerated during the second quarter as buyers grappled with a tight supply of residential properties for sale. The heightened competition between buyers has created a seller's market, leading to multiple offers and pushing the median sales price up 10 percent, to $405,000 (about $424,000 in U.S. dollars), in June.
At the same time, active listings declined 24 percent from a year ago in Canada's largest metropolis.
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Toronto real estate. MORTGAGE NEWS
Toronto real estate. MORTGAGE NEWS
Reviewed by citra
Published :
Rating : 4.5