Check out below for the Toronto Real Estate MarketWatch Report and the current prime rate.
If you want more information on any area or to find out the current value of your home, contact me today....416.728.2499 or mark@markrichards.ca.
PRIME RATE
Prime rate is now at an unbelievable 2.5% at Bank of Montreal and other banks are following suit.
What does this mean for your bottom line?
Every $100,000 of a mortgage will only cost you $488.78 per month based on the Bank of Montreal posted 5 year closed variable rate of 3.3% over a 25 year amortization.
Now is one of the chepest times in recent real estate history to buy or trade up.
Contact Peter Majthenyi today at 416.410.3298 or peter@mymortgageplanner.ca to see how he can help you.
TORONTO REAL ESTATE BOARD MARKETWATCH -FEBRUARY 2009
Check out neighbourhoods in the GTA to find out average prices and sales activity for the past month:
Toronto Real Estate Market Watch
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