Mortgages rates are at their lowest now. You can save hundreds of dollars each month on your mortgage payment if you can stand riding the variable."More than 28% of Canadians have a variable-rate product tied to prime, according to the Canadian Association of Accredited Mortgage Professionals (CAAMP). If you negotiated a deal before October of last year, chances are you are now borrowing money for as little as 1.35%. That's based on deals that at one point saw the banks giving 90 basis points off prime. Prime is now 2.25%.The average sale price of a home last month in Canada was … (0 comments)
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