Mortgage News

Rules are making a difference: Helm

Thursday 5th of December 2013

Barfoot and Thompson released data this week that showed the average sales price in November increased to $684,646 agency-wide, and the median increased 5.3% to $621,400.

Although sales numbers were down from October, the agency said there was no real indication that the new rules were slowing activity. From October 1, banks have had to keep their proportion of low-deposit new lending to...

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