Oriana News
- Feb 17, 2017
Mortgage Rates Are Trending Up - Should You Worr
Forbes ~ February 14th, 2017Unless you plan to buy your home with cash (lucky you!), it's important to know what's going on with mortgage rates these days. The bad news is that they are rising. The good news is that they have been at historic lows since the housing market crashed nearly 10 years ago — and they are still low. But since they probably won't stay this way forever, let's take a moment to learn what rate hikes could mean to you.Should you hurry to buy a home?When rates start to ...
Read MoreHere's How Much Home Canada's 'Peak Millennials' Can Afford
A down payment on an "affordable" Toronto condo could buy you a whole house in the Maritimes.
Read MoreTories pledge to boost mortgage repayment periods for first-time buyers
Conservative Leader Andrew Scheer said a Tory government would review the mortgage stress test and expand repayment periods, proposals that would partly reverse Ottawa’s efforts to discourage homebuyers from taking on too much debt. Mortgage brokers warned that Mr. Scheer’s plan could push housing prices higher, if consumers used their expanded purchasing power to buy more expensive homes.
Read MoreThe Bank of Canada is warning Canadians to brace for a rough winter
The Bank of Canada is warning Canadians to brace for a rough winter
Read MoreShould mortgage holders break with their variable rate mortgages after Bank of Canada pause?
Should mortgage holders break with their variable rate mortgages after Bank of Canada pause?
Read MoreRenting vs. buying in today’s market: how monthly payments compare
Renting vs. buying in today’s market: how monthly payments compare
Read MoreBank of Canada reduces policy rate by 25 basis points to 4½%
Bank of Canada reduces policy rate by 25 basis points to 4½%
Read MoreCURRENT RATES
| Term | Our Rate | Bank Rate |
| 2 YEAR | 4.19% | 7.35% |
| 3 YEAR | 3.79% | 7.14% |
| 4 YEAR | 4.49% | 6.99% |
| 5 YEAR | 3.89%* | 6.79% |
| 5 YEAR variable | 4.05%* | 5.20% |
|
|
