The Bank of Canada will maintain its target for the overnight rate at 1/2%.

Just Released 

The Toronto Real Estate Board has just released the 1st of it's kind very comprehensive market year in review and market outlook report.  This report includes a market in review and home buyers survey - market outlook and home buyers survey for 2016 - a vision for the Greater Golden Horseshoe  and - the new home market.

TREB has been working to provide  their Real Estate Professional members  more information to help us serve our clients.  I appreciate all the work that goes into all the Market information and thank them for their efforts. 

TREB Market Year in Review and Outlook Report click link to open report

I would like to congratulate my BungalowDen.com teammates locking up the League Championship in the 55+ division of Whitby Men's Hockey League . 

Variable Rates getting more expensive at Scotia effective January 11th 2016 with the discount of prime for both 3 Year Ultimate Variable Rate & Scotia 5 Year Flex Value Closed Term reduced by 10 basis points off prime. 

If you have any questions call Jim today @ 905-409-9967

DurhamRegion.com

#Bungalows for sal in #DurhamRegion  #Durham homes and condos  #Durham homes for #1st _time_buyers 

RBC will raise mortgage rates Friday

Reported by MortgageBrokerNews.ca this morning

The Royal Bank of Canada says it will increase rates on some mortgages from Friday. Fixed mortgages of between 2 and 5 years will rise by 10 basis points while 5-year loans will rise by 15 per cent. While the federal regulations on mortgage lending have tightened conditions for the banks RBC’s Sean Amato-Gauci said that the increases were due to a number of market conditions. Although RBC is the only lender to have announced the move so far it is expected that others will follow.

Ground Breaking Report – Jan. 18 Release

TREB will release a ground breaking report on January 18 on the "Market Year in Review & Outlook" for the housing market. 

t will contain never before seen results from a TREB commissioned Ipsos survey on consumer housing opinions and intentions. The report will also outline what government and industry leaders feel is important to keep the Greater Golden Horseshoe competitive on the global stage.

  Receive Market Report Jan 18th 

The U.S Fed raised it's lending rate today by 25 basis points and is poised to make future rate creases due to the improved econonic conditions in the U.S. 

The Bank of Canada reviews the finacial banking system twice a year and this attached article provides some insights into the most recent review.  Veiw more in this Globe and Mail article here...............