Toronto Real Estate Board reports 4337 units sold in Jan 2011 down 13% from 2009. Prices increased 4% for the month.

The Bank of Cananda held Variable rates steady in January amid slower than expected economic recovery once again.

However, Fixed rates increased with all

of our lenders by today Feb 10th 2011.

View today's best rates here:

 WEEKLY E-RATES CLICK HERE

The New Mortgage Rules take effect Mar18th, 2011. Maximum Amortizations will be 30yrs down from 35yrs. Those wishing to refinace will only be able to access equity to 85% of their home's value. This is down from 90% currently.

If you want to refinace to reduce your monthly payments doing so before the new rules take effect is wise!

Elfie Hayes

Lowrate.ca

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** Interest Rates are provided for information purposes only and are subject to change at any time without notice.  The products listed above are available only in Canada to Canadian residents.  Rates shown are for single-family residential properties only and are subject to meeting all lender credit granting criteria. Rates shown above may be specific to the sender and some conditions may apply.  E&EO

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