Please note that interest rates have fallen that are used as the basis for calculating some of the mortgage interest rates. Short term rates are effected by the Bank of Canada prime rate, and longer term rates are effected by the bond rate, as traded on the TSX. 

 Bank Prime Rate:    3.00%

5 Year Variable Rate Mortgage: Prime - 0.65%*

3 Year Variable Rate Mortgage: Prime - 0.70%*

Line of Credit: Prime + 0.50%

 

TERM

RATE

6 Months

3.60%

1 Year

2.44%

2 Years

3.20%

3 Years

2.90%* Quick Close

3.45%

4 Years

3.59%

  5 Years

3.49%* Quick Close

3.69%*

7 Years

4.70%

10 Years

5.10%

If you require a referral to a mortgage broker, then please call me at 905-796-8888.

 

 

4 Comments on Mortgage Rates ~ 15 October 2010

OCT
16
2010
341,253 Points 17 Featured Posts Called Shot Master

Hi Brian, I was happy to hear about the drop this week.  We need to keep those first timers buying to produce the snowball effect.

I noticed you commented on a featured post today about agents getting fired over Facebook.  I was wondering if you might do a post about that from a Canadian perspective.

I know our board is just toying now with how to deal with inappropriate use of our board listings.  I know it's a different topic but some "professional" salespeople have been scraping our board mls data and offering it up on their websites.

I've never heard of anyone getting fired from abusing listings or whatever on Facebook.  Have you? What is your take on how brokerages are handling what their agents are doing in cyberspace?

So....do ya think you can come up with something to post about this???
1:36pm • #1
872,278 Points 5 Featured Posts

Jenny,

Could you post a link to the Facebook blog?

I may have to do a little research about this topic.

Brian

 
5:43pm • #2
OCT
17
2010
341,253 Points 17 Featured Posts Called Shot Master

Hi Brian, it was actually a post here on AR but it was about getting fired for posting on Facebook.

Here is the link.  That post has garnered 260 comments so far.  Kind of strange I think because the writer doesn't give specific info as to the firing. 

And the writer hasn't even replied to comments since the first few were made.  I'd be interested on your thoughts.
12:51pm • #3
OCT
18
2010
818,417 Points 7 Featured Posts Outside Blog Called Shot Master

Wow your rates are so much higher than ours.  But then again, your dollar is sure strong now!
11:13pm • #4


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Brian Madigan LL.B.

Toronto, ON

More about me…

RE/MAX West Realty Inc., Brokerage (Toronto)

Address: Toronto, Mississauga, Oakville, Brampton, Caledon, Thornhill, Greater Toronto Area, http://www.iSourceRealEstate.com

Office Phone: (416) 745-2300

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