Market Slower After Mortgage Changes

An overview of this lower market conditions since the mortgage rule changes in July 2012. Has the bubble burst, or are we experiencing a soft landing in real estate values?

Bank of Canada Leaves Interest Rates Unchanged

The Bank of Canada left its interest unchanged today at 1%. This means that Bank Prime rate will remain unchanged at 3%. This is the interest rate that variable rate mortgages and lines of credit are measured against. This interest rate has remained unchanged since September 2010. This is the longest period of unchanged interest rates since the mid-1950bs.