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    effective June 1, 2023

    Term Bank Rate Our Rate
    1 Year 6.09 % 5.14 %
    2 Year 5.79 % 5.14 %
    3 Year 5.78 % 4.69 %
    4 Year 6.09 % 4.64 %
    5 Year 6.34 % 4.49 %
    7 Year 6.60 % 5.44 %
    10 Year 6.85 % 5.44 %
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    • Wow… Some big changes coming for mortgage consumers!
    • 16FEB
      0 Comments

      Wow… Some big changes coming for mortgage consumers!

      This morning Canada’s Finance Minister Jim flaherty tightened the rules and guidelines for Canadians when qualifying for a mortgage. Under the new rules, starting April 19th, 2010 buyers will have to meet qualification standards for a 5 year term regardless of whether they take a shorter term or variable rate with a lower interest rate.

      • Posted by Shaun Zipursky
      • Bank of Canada
      • Mortgage Rates
      • Opinion
      • Rental Properties
      • Variable Rate
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    Kammy Yau, BEcon

    kammy@citywidemortgage.ca
    T: 778-288-1005
    F: 778-234-0258

    Contact Info

    • 103-1245 West Broadway
      604-257-2600
    • Vancouver, BC
    • V6H 1G7

    cwf@citywidemortgage.ca

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