Toronto Mortgage Rate and Housing Forecast 2008

The Canadian Mortgage and Housing Corporation (CMHC) has reported in their latest Fantastic Toronto Housing Association Market Outlook that posted mortgage rates eased by about 50 basis points in the first four months of this year, although rates in late April were 30 to 35 basis points higher than they were 12 months prior. Mortgage rates are expected to trend marginally lower throughout 2008, but will be within 25-50 basis…