After the Bank of Montreal, at least five other financial institutions are reducing their current mortgage rates in Canada. The Bank of Nova Scotia, Laurentian, National and CIBC as well as Desjardins Group have in turn announced a 0.1% or 0.2% home loan rate reduction. This follows the pattern already existing in the US mortgage markets of record-low rates.
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Homeowners may want to tap the brakes on those trendy white Carrara marble countertops if they’re looking to get a return on investment for renovations.
RE/MAX released its National Housing Report for December 2019, which revealed that the month posted a record finish to a year and the decade.