Real Estate News Headlines // September 10th 2014

The Daily Canadian Real Estate News Headlines

The Globe and Mail

Bank of Montreal brings back the 2.99% mortgage

Bank of Montreal has once again lowered its five-year fixed mortgage rate to 2.99 per cent, from 3.29 per cent, a move that could cause more downward pressure on rates at a time when they’re already defying expectations.

In Vancouver home sales, $3-million is the new $1-million

Metro Vancouver’s hot housing market is scorching when it comes to high-end sales.

National Post

CMHC could force banks to pay deductibles on mortgage insurance

The Canada Mortgage and Housing Corp. is looking at a new formula to push some of its losses on to financial institutions, essentially forcing them to pay a deductible on mortgages insured with the Crown corporation before claims are paid, according to sources.

Calgary Herald

Calgary resale housing market on pace to eclipse $11.3B sales record

Calgary’s resale housing market is on pace to set a record for total dollar volume in MLS sales in a year, eclipsing the $11.3 billion peak established during the housing boom of 2007.

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Jethro Seymour, one of the Top Midtown Toronto Real Estate Broker at Royal LePage RES Ltd., Johnston & Daniel Division #SeymourRealEstate
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