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The Best Mortgage Rates in Regina

You'll find the best mortgage rates in Regina on RateSupermarket.ca below.
We compare over 500 mortgage rates in one search from the top lenders including the big banks, credit unions, specialty lenders and different mortgage brokers. You can be sure you're getting the best mortgage rates and saving money.

Best Mortgage Rates Regina

Best Variable Closed Mortgage Rates

Company Rate Term Offers & details Get details
3.00% 5 Years Get Rate

Rates updated February 3, 2012 09:30:38

Best Variable Open Mortgage Rates

Company Rate Term Offers & details Get details
4.00% 3 Years Get Rate
4.00% 5 Years Get Rate

Rates updated February 3, 2012 09:30:38

Best Fixed Closed Mortgage Rates

Company Rate Term Offers & details Get details
4.40% 6 Month Get Rate
2.74% 1 Year Rates may vary Province to Province. Rates subject to change without notice. *O.A.C E&O.E Get Rate
2.74% 2 Years Rates may vary Province to Province. Rates subject to change without notice. *O.A.C E&O.E Get Rate
2.89% 3 Years Rates may vary Province to Province. Rates subject to change without notice. *O.A.C E&O.E Get Rate
2.99% 4 Years Rates may vary Province to Province. Rates subject to change without notice. *O.A.C E&O.E Get Rate
3.19% 5 Years Rates may vary Province to Province. Rates subject to change without notice. *O.A.C E&O.E Get Rate
5.79% 6 Years Get Rate
3.99% 7 Years Get Rate
6.55% 8 Years Get Rate
6.55% 9 Years Get Rate
3.99% 10 Years Get Rate

Rates updated February 3, 2012 09:30:38

Best Fixed Open Mortgage Rates

Company Rate Term Offers & details Get details
6.20% 6 Month Get Rate
6.30% 1 Year Get Rate

Rates updated February 3, 2012 09:30:38

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More About Regina

  • Population: 210,000 (Stats Canada 2009)
  • Employment to increase 0.3% in 2010 and 2% in 2011.
  • Net migration to meet record by 2011 with a 5.9% increase and 3,200 people.

Regina Mortgage Rates Will Slowly Increase in 2010.

The CMHC best case scenario, expect mortgage rates will continue to slowly increase in 2010 with a one year mortgage rate to be in the 3.6 to 4.8% range and the three and five year mortgage rates to be in the 4.2 to 6.7% range. In 2011, CMHC forecasts that the one year mortgage rate will be in the range of 5.0 to 6.0% whereas, the three and five year mortgage rate will be in the range of 5.6 to 7.2%. However, if the economy recovers at a faster rate than expected, mortgage rates may increase at a more rapid rate.

Regina 2010 Housing Outlook

The CMHC reports a 7.5% increase to 1,000 units for house starts in 2010 and a 15% increase in 2011 to 1,150 units. A 14% increase in single starts is forecast for 2010 with 650 units. In 2011, 700 units are expected.

Home prices will be modest in 2010 before elevating in 2011 with a 3.5% and 4.3% increase respectively. The average absorbed price is expected to increase 11% in 2010 to $425,000 and a further 3.5% in 2011 to $440,000. Multiple starts will moderate in 2010 due to high supply levels but is forecast to increase in 2011.

Regina's resale market will see another 2.6% increase in sales to 3,900 units by 2011. The average home is expected to sale for $255,000 in 2010 a 4.5% increase from 2009. In 2011, a further 3.5% increase is expected setting the price to $265,000.

CMHC Regina housing market & Regina mortgage rate forecast

Census Metropolitan Area Total Housing
Starts
MLS sales MLS average
price
Mortgage rates
(1 year)
Mortgage rates
(5 year)
2009 930 3,704 $244,088 - -
2010 (F) 1,000 3,800 $255,000 3.60-4.80% 4.20-6.70%
2011 (F) 1,150 3,900 $265,000 5.00-6.00% 5.60-7.20%

Source = CMHC
MLS = Multiple Listings Service
*Last updated January 2010.