on November 19, 2013
CTV reported that Minister Flaherty stated he would act again if needed to cool an over heated market. For most Canadians this could translate in to stiffer rules when applying for home financing. For most existing home owners changes would only have an impact if they choose to purchase a new home, refinance their existing mortgage, or at renewal time. When the United States had the market ...
on September 6, 2013
With the recent interest rate increase mainstream media has published doom and gloom scenarios about what will happen to the average Canadian home owner. In a recent article in the Globe and Mail the headline read: "Sink or swim: How will you cope with higher mortgage payments?" We all know that bad news sells. For most people looking at their personal finances a large jump in mortgage ...
on August 21, 2013
We were promised increases in mortgage rates and it appears we were not let down.
Current Mortgage Rates as at Tuesday August 20th - Prime Rate for Variables is still 3.00%
Please note that rate discounts may be available for quick closings (30 to 60 days)
4 Year Fixed: 3.29%
5 Year Fixed: 3.59%
10 Year Fixed: 4.19%
Variable 5 Year: Prime -.4% (2.60%)
Bank of Canada Benchmark Rate: ...