Officially these are the lowest fixed rate mortgages my father ever remembers being able to offer over the course of his 34 year long career. They may be lowest I’ll ever be able to offer as well. Here are the current Toronto Mortgage Interest Rates available this week:
2.70% – 1 Year Fixed
2.90% – 3 Year Fixed
3.59% – 5 Year Fixed (quick close Nov 15th)
2.87% – Merix 50/50 Mortgage (Fixed/Variable hybrid)
P-.70 3 Year Variable (2.30%)
P-.7o 5 Year Variable (2.30%)
Prime Rate is currently 3.00%.
Bank of Canada Qualifying rate 5.39%.
NOTE: Rates are subject to change without warning at the lender’s discretion.