The Bank of Canada has decided to give households at least another seven weeks of low interest rates while offering no clue as to when it might start its long-awaited tightening trend. The decision Tuesday to keep the policy rate at 1% came despite a mostly upbeat assessment of the Canadian economy from the central bank that predicts faster growth and a quicker return to full capacity. The bank?s next scheduled date for an interest rate announcement comes May 31. Meanwhile, it said the economy ... Full Article...

The following table provides the most current interest rates available. Remember, all rates are subject to change without notice.  TERM INTEREST RATE 6 Mo 3.80% 1 Year 2.50% 2 Year 3.20% 3 Year 3.35% 4 Year 3.84% 5 Year 3.84% 7 Year 4.70% 10 Year 5.10% Variable Rate Mtg 2.20%  Prime 3.00% * Please speak to your bank or mortgage company to see if these rates are still current and applicable to your specific situation. Information quoted is not guaranteed and may change at any time. ... Full Article...

Nice Job, Canadian Affiliates! RE/MAX is incredibly proud of their Affiliates in Canada, and a report last week provided another reminder of just how phenomenal Canadian brokerages are. RE/MAX filled 130 slots in the first-ever REAL Trends Canadian Top 200 rankings, which means we have 65% of the country's most productive firms, based on closed transaction sides. The closest competitor had only 28 brokerages on the list. The RE/MAX per-agent average of 17.9 transaction sides was 3 sides higher ... Full Article...