April Real Estate Sales down form 2010

By: Robert Clancy General News

The Toronto Real Estate Board reported a 3% decrease in Sales from this time 2010. The numbers of new listings is down by 21%.

Strong economic news and low interest rates has kept consumer confidence strong. A lack of listings is what is slowing the market right now. Spring Season tends be one of the strongest Real Estate Season in the year. As the weather picks up we do expect to see more listings on the markets which in turn will help sales.

Today’s Interest Rates

In todays Mortgage Financing Market mortgage rates are changing constantly. Today mortgages rates are based on so many different variables, it is impossible for an adviser to give a true rate quote without actually reviewing the borrower’s application first.

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BANK RATES	TERM	OUR RATES
3.89	1-YEAR	3.04
3.89	2-YEAR	2.89
3.39	3-YEAR	2.89
3.89	4-YEAR	2.89
5.34	5-YEAR	2.54
6.00	7-YEAR	3.95
6.10	10-YEAR	3.95
5.34	Variable (3yr-closed)	3.30
5.34	Variable (5yr-closed)	2.95
5.34	Variable(Open)	4.45

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