Latest Mortgage Rates
| Term | OUR RATES | Banks |
| Updated September 3, 2010 | 0.0 % | 0.0 % |
| Variable ARM | 2.05 % | 2.65 % |
| 1 Year Closed | 2.60 % | 3.75 % |
| 2 Year Closed | 3.04 % | 4.05 % |
| 3 Year Closed | 2.90 % | 4.65 % |
| 5 Year Closed | 3.65 % | 5.85 % |
| 50/50 Mortgage 3 yr | 2.87 % | 0.00 % |
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Toronto Low Rise Housing Starts Making Gains
August 11, 2009 CMHC Immediate releaseThe seasonally-adjusted annual rate (SAAR) of total housing starts dipped down to 19,800 units in July according to preliminary housing starts data released today by the Canada Mortgage and Housing Corporation (CMHC) for the Toronto Census Metropolitan Area(CMA).
"Despite a reduction in the headline starts total, underlying trends point to a recovery for new home construction in the GTA" said Shaun Hildebrand, CMHC's Senior Market Anlayst for the GTA. "Many condominium apartment projects in the City of Toronto faced construction delays as a result of labour disruptions, weighing heavily on the number of high-rise starts last month. all low-rise housing segments recorded increases in July, which brought total starts within 20 per cent of last year's July figure. Strong demand and a fleeting supply of new resale listings have created a spill-over of buyers into the new home market in recent months. Look for this sales momentum and a sizeable backlog of high-rise units nearing the construction stage to boost starts in the second half," added Hildebrand.
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