Tag Archives: BMO fixed rate

Best Mortgage Rates in Canada Sept 19th

1 yr – 2.74%  3 Yr – 2.64%  5 Yr – 2.89%  VRM – 2.65% There have been a couple of highlights for the Canadian housing market in the past week: the U.S. Federal Reserve...

Best Mortgage Rates Sept 13th, 2012 & Some HELOC Changes.

1 Yr – 2.74 - 3 Yr – 2.64 - 5 Yr – 2.89 - VRM 2.65% The new guidelines (B-20) announced by the Office of the Superintendent of Financial Institutions (OSFI) kick in at the end...

Best Mortgage Rates for Sept 5th 2012

1 yr 2.74 - 3 yr 2.69 - 5 yr 2.94 - VRM 2.65 We got our rate announcement from the Bank of Canada today and they have indicated that they are leaving rates as they are, much to...

Best Mortgage Rates for August 24th, 2012

1 Yr – 2.49% - 3 Yr – 2.64% - 5 Yr – 2.89% - VRM – 2.65% Canada Mortgage and Housing Corporation is adding its voice to those announcing a slowdown in Canada’s housing...

Best Mortgage Rates for August 16th 2012

   1 Yr – 2.49% - 3 Yr – 2.64% - 5 Yr – 2.89% - VRM – 2.65% Wow!  This week has proved even quieter than the last.  No major economic news was announced, but we do...

Best Mortgage Rates August 8 2012: Bye bye sub 3%?

It’s a quiet week for economic news, coming off a long weekend.  The unemployment report is out on Friday, but that’s the only real noteworthy item this week. What will be making...

Doom or Boom? Best Mortgage Rates for August 3

This week we received conflicting reports about the so-called “condo bubble” in Toronto. One report from RBC seems confident that we are not in a bubble. The pace of construction...

Fixed or Variable Mortgage? All the Rates look good!

We’ve had some interesting data recently that has some Canadians wearing smug looks. The most gratifying is the hotly-debated report from Environics which indicates Canadians are...

Best Mortgage Rates in Canada for July 18th, 2012

The Bank of Canada left the overnight rate at 1.00% at its meeting yesterday, as was universally expected. This is great news for anyone with a variable rate mortgage, or any product...

Best Mortgage Rates in Toronto for July 5th, 2012

The big news this week is the upcoming mortgage changes that will be coming next Monday.  Many lenders have been announcing their policy changes this week and many of those are now...