Back to Blog
19 Apr

The province will unveil a plan designed to cool the housing market. Mortgage Market Update April 19, 2017

General

Posted by: Anne Martin

The province will unveil a plan designed to cool the housing market

Click here to read about proposed measures.


This is a critical time to sit down and review your household financing needs. Please do not hesitate to contact me should you have any questions.

If you are in the market for a home, or need to refinance in the next year, it is really important to make an appointment today to find out how these changes may affect you.

**rates subject to change with market conditions – E. & O. E.

Best rates are as low as 2.59% for a 5 year fixed, variable rate prime minus .70%      *OAC  **conditions apply

Prime rate is 2.70%

Terms Bank Rates Our Rates
6 Month 3.14% 3.10%
1 YEAR 3.04% 2.34%
2 YEARS 2.84% 2.14%
3 YEARS 3.44% 2.44%
4 YEARS 3.89% 2.49%
5 YEARS 4.64% 2.59%
7 YEARS 5.30% 3.24%
10 YEARS 6.10% 3.79%
Rates are subject to change without notice. *OAC E&OE

 

 **Please note that rates shown above are subject to change without notice. The rates shown are  posted rates and the actual rate you receive may be different, depending upon your personal financial situation. “Some conditions may apply. Rates may vary from Province to Province. Rates subject to change without notice. *O.A.C. E.& O.E.” Check with your Dominion Lending Centres Mortgage Professional for full details and to determine what rate will be available for you.

*O.A.C., E.& O.E.