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.
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