Best mortgage rates - Mississauga

Mississauga quick stats

• Population: 668,549 in 2006 (9.1% increase over 2001)
• Total private dwellings: 223,737
• 41.0% are single-detached houses
• Owned dwellings: 161,190 (75% of the total)
• Rented dwellings: 53,735 (25% of the total)
• Total private households: 214,920
• Average household size: 3.1
• Number of families: 186,630
• Median age: 36.7
• Median incomes: $71,717

Source: Statscan 2006 Census

Toronto area (including Mississauga) Mortgage Rates Will Remain Relatively Flat

The Canadian Mortgage and Housing Corporation (CMHC) believes that Mississauga home buyers and current residents can expect mortgage rates to be around their current levels for the remainder of 2008, with 2009 expectations of 1 year posted mortgage rates at 6.50-7.50% and 5 year posted at 6.75-7.50%.

Mississauga Real Estate 2008 Forecast

A posting on www.mississaugalifestyle.com says that, "As we move into the new year, activity levels are expected to wane from the frantic pace that many regions of the country experienced in 2007. However, average house prices in Canada (including Mississauga) are expected to continue to rise, but at much more moderate pace. Royal LePage is forecasting Canadian home prices to rise by 3.5 per cent in 2008. The number of transactions is forecast to slip by four per cent to just over half a million - still above the number of sales in any year before the record pace of 2007. Toronto area house prices should also increase by 3.5 per cent in 2008."

Mississauga lenders and mortgage brokers

RateSupermarket.ca compares the top lenders and mortgage brokers in Mississauga, Ontario,such as:

	Royal Bank of Canada
	CIBC
	ING Direct
	True North Mortgages