It has been a busy week indeed for five year fixed mortgage rates! As of press time, the lowest rate in Canada is 2.65%! Offered in Ontario, this is a full featured mortgage with flexible prepayment options. What could you save with a record breaking rate like this one? Read on to find out!
It’s been a week of updates from the real estate boards of Toronto and Vancouver. Let’s take a look at the current conditions in Canada’s two largest markets, which may be a good indicator of where Canada’s market (and mortgage rates) are headed.
Each week there seems to be another release surrounding the fate of the Canadian real estate market … is there a bubble and will it burst? And what about those CMHC changes and the hurdle that first time home buyers are faced with?