| Term | Bank Rate | Our Rate |
| 1 Year | 6.09 % | 5.19 % |
| 2 Year | 5.79 % | 5.19 % |
| 3 Year | 5.78 % | 4.89 % |
| 4 Year | 6.09 % | 4.64 % |
| 5 Year | 6.34 % | 4.59 % |
| 7 Year | 6.60 % | 5.59 % |
| 10 Year | 6.85 % | 5.29 % |
This is an article by Benjamin Tal, one of CIBC’s top economists who answers this question. I found it to be a great write up that expresses the differences between the US and Canadian housing economies. “House prices in Canada will probably fall in the coming year or two, but any comparison of the American
Don’t open any new creditor accounts. If you already have enough credit cards etc…please don’t open or take out any new loans. A new loan will report on your credit score as an R0 and will be considered “too new to rate” and will take big points bite off your credit score. Pay everything on
