By: Randy Miller

BMO Offers a Record Variable Discount as Mortgage Competition Increases

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The Bank of Montreal is helping homebuyers with a variable mortgage rate that includes the biggest discount ever by a large Canadian bank, according to industry watchers.   The bank is known for its spring mortgage specials and this year they are helping homebuyers by offering a five-year variable rate of just 2.45%, until the end of May. That’s a 1% or 100 basis points below the bank&r...Read More

Housing Sales Increase, Stability is Returning

By: Randy Miller

Housing Sales Increase, Stability is Returning

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  The cold weather definitely delayed the traditionally more active spring market. Improving weather during late April encouraged more buyers to look and purchase, helping to increase the number of sales during the month. The Toronto Real Estate Board (TREB) reported 7,792 sales through MLS® during April, down from the record number of sales set one year earlier. The average sale price w...Read More