Real Estate News
Despite some frigid weather and active storms across many areas of Canada, the resale housing market kept on moving forward in January. Even at a time when it was difficult to get buyers to venture out to look at properties, the number of transactions for resale homes still edged higher at the opening of the year. According to The Canad... more details
As a result of sharp declines in Canada’s stock market and the increasing fears over the state of the US economy, the Bank of Canada decided to cut its key interest rate for the second consecutive month in January. The bank reduced its overnight lending rate from 4.25 per cent to 4 per cent in the hopes of minimizing the effects of ... more details
Canadian homeowners are adding to or improving their homes in record numbers these days and this usually represents a significant investment. Financing such a project can be a challenge. However, if you’ve built up some equity in your home, refinancing your mortgage may be the best solution to help you find the funds you want when you... more details
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Mortgage Rates
As of Saturday, May 10, 2008
Mtg Loan
Rate
6 Month Fixed
7.05%
1 Year Fixed
4.90%
2 Year Fixed
5.50%
3 Year Fixed
5.25%
4 Year Fixed
5.79%
5 Year Fixed
5.49%
7 Year Fixed
6.20%
10 Year Fixed
6.25%