| Term | Bank Rate | Our Rate |
| 1 Year | 7.84 % | 6.69 % |
| 2 Year | 7.34 % | 6.29 % |
| 3 Year | 7.14 % | 5.79 % |
| 4 Year | 6.99 % | 5.54 % |
| 5 Year | 7.04 % | 5.39 % |
| 7 Year | 7.10 % | 5.90 % |
| 10 Year | 7.25 % | 6.30 % |
“The ‘best’ mortgage rate means the lowest rate available for a mortgage that contains all of the features and terms the client is looking for,” says Laird. He notes that some of the key features rate shoppers should consider include the penalty to break your mortgage; pre-payment privileges (i.e., the lump sum payments and percentage
Whether it’s a palatial residence, a trendy condo or a tiny bungalow, a home is the most expensive thing most Canadians will buy in their lifetime. For a nation known for its love of discounts and reward programs, you’d think we’d be all over getting the best possible deal on our mortgages. But over and
Get ready for a rate shock adjustment that is expected to accelerate in 2019 The Bank of Canada raised its benchmark interest rate to 1.25 per cent Wednesday and signalled that, barring certain risks, more hikes are likely in the rest of the year. That’s creating an unusual situation for Canadians: for the first time in years,
