| 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 average price of a Canadian home was $456,186 in November, a 10.2 per cent increase compared to the same month a year earlier. The Canadian Real Estate Association also noted Tuesday that stripping out the expensive and large markets of Toronto and Vancouver, the average price would have been $338,969 — a 3.4 per cent gain compared to November
5 THING NOT TO DO WHEN GETTING YOUR MORTGAGE The mortgage application process is very involved and detailed. There are a lot of moving parts and lots of elements to a person’s financial situation are under scrutiny. At the same time, the process is very emotional, stressful, and exciting. People want to plan for the
