Mortgage interest rates are up since my last Toronto mortgage interest rate review. Although rates are up about .25% I think we will see lenders begin to lower rates again to gain market share, now that we are approaching RRSP season.
1 Year Fixed – 2.77%
3 Year Fixed – 3.35%
5 Year Fixed – 3.99%
3 Year Variable P-.80 (2.20%)
5 Year Variable P-75 (2.25%)
Prime Rate is currently 3.00%.
Bank of Canada Qualifying rate 5.44%
Rates are subject to change at the lender’s discretion.
Whether you are refinancing or renewing your current mortgage, or you are a first-time home buyer trying to demystify mortgages, I can help. Get me to work for you to get the best mortgage, with the best lenders, with the most competitive rates.
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