| Term | Bank Rate | Our Rate |
| 1 Year | 5.84 % | 4.69 % |
| 2 Year | 5.14 % | 4.54 % |
| 3 Year | 6.05 % | 4.29 % |
| 4 Year | 5.99 % | 4.29 % |
| 5 Year | 6.09 % | 4.44 % |
| 7 Year | 6.40 % | 5.34 % |
| 10 Year | 6.80 % | 5.44 % |
The unsung hero of wealth creation: Pay yourself first. One of the most powerful strategies for building wealth is to pay yourself first. What this means is taking your pay cheque and setting aside money for your future BEFORE you pay any bills. Of course, this can be difficult if you’re living from pay cheque
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.
