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Monday Mortgage Review Sept 27th 2010

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% ...

The Banks and the Mortgage Game

This week I read an article in The Financial Post stating that 60% of mortgages in Canada are held by chartered banks. My father often talks to me about the ‘good ol’days’ when chartered banks weren’t in the residential mortgage business period. He often reflects back on the time when the majority of residential ...

Toronto Monday Mortgage Rate Review

2.70% – 1 Year Fixed 2.90% – 3 Year Fixed 3.69% – 5 Year Fixed (quick close Oct 30th) 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 ...

Mortgage Financing for Artscape Triangle Lofts

Artscape Triangle Lofts is a very unique condominium development. It has been created with the specific purpose of preserving important artist work/live space in the Queen West Triangle. Artscape Triangle Lofts includes a mix of affordable rental units for professional artists as well as below-market ownership units for artists and non-profit arts professionals. I ...

Bank of Canada Rises Prime Rate -september 8th 2010

Today the Bank of Canada announced that it is raising the prime rate by one-quarter of a percent for the third time in a row. The bank has observed that economic recovery is continuing to move forward but is improving much more slowly than anticipated. Despite the lackluster economic data the bank still increased ...

Monday Mortgage Review for August 30th 2010

2.70% – 1 Year Fixed 2.90% – 3 Year Fixed 3.69% – 5 Year Fixed (quick close Sept 30th) 2.87% – Merix 50/50 Mortgage (Fixed/Variable hybrid) P-.70   3 Year Variable P-.65   5 Year Variable Prime Rate is currently 2.75%. Bank of Canada Qualifying rate has dropped to 5.39%. NOTE: Rates are subject ...