ALEX & ANNA - WWW.TORONTOGREATHOMES.COM

About 12 per cent of Canadian mortgage holders would be challenged if their rate went up by less than one percentage point, found a report from the Canadian Association of Accredited Mortgage Professionals. CAAMP is a national agency that represents 12,300 people who work somewhere in the mortgage industry.     Some 650,000 ...

The interest rate gap between variable rate mortgages and fixed rate mortgages is narrowing.  The rate difference is now under 1%, down from 1.50% a month or so ago.Although the prime rate of 3.00% may not change for a year or so it is now more tempting to lock in a 5 year term fixed rate, especially since it it unlikely that fixed rates ...

Financial Institution 3 Yr 5 Yr 7 Yr 10 Yr 5 Yr Variable CENTUM Primo** 3.29 3.49 5.65 4.99 2.40 First ...

     Canada's big banks are marking down many of their rates. It's another tenth of a percentage point drop. That means a five-year fixed-rate will cost you 5.39%, while a one-year closed mortgage will cost 3.5 %. Economists cite a weakening US economy putting downward pressure on general borrowing costs. ...

Four of Canada’s biggest banks are once again lowering residential mortgage rates at a time when falling government bond yields are cutting funding costs for financial institutions. Royal Bank of Canada, Toronto-Dominion Bank, Bank of Nova Scotia and Bank of Montreal are all trimming their posted rates on popular five-year fixed-rate ...

Fixed Rates:  Have gone up.   5 year term fixed rates range from 3.94% to 4.09% depending on "real deal" vs pre-approval, size of mortgage, and length of time until closing. Variable Rates: Have gone down a little. 5 year variable rate 2.20% (prime minus 0.80%) 3 year variable rate 2.15% The rate used by lenders to ...

The major Canadian banks - CIBC, RBC Royal Bank and TD Canada Trust have increased fixed rate mortgages by 0.25 percentage points to 5.44 per cent.  The banks increased it's one-year fixed rate mortgage 0.15 percentage to 3.5 per cent. The mortgage rates are affected by bond yields. which have also risen as a result of ...

Sales of houses on Toronto MLS are down on a year-over-year basis, which isn’t a surprise. The decline was predicted. Each says last year’s sales were higher than expected because many buyers were brought into the market before the threat of higher fixed mortgage rates became a reality this year, skewing sales figures, thus the large ...

Canadian homeowners are in the best shape when it comes to financial fitness, according to a survey conducted by Genworth Financial Mortgage Insurance Company Canada. The survey found 65% of homeowners pay off their credit card balances in full each month compared to 48% of non-homeowners. Those more likely to pay off their credit card balance ...

Canada Mortgage and Housing Corp. expects short-term interest rates will begin to rise in the second half of 2010. With the overnight rate expected to increase in the coming months, mortgage rates have begun to rise. According to a CMHC scenario, posted mortgage rates will gradually increase throughout the course of 2010, but will do so at a slow ...