Current Rates
| Financial Institution | 6 Mths | 1 YR | 2 YR | 3 YR | 4 YR | 5 YR |
|---|---|---|---|---|---|---|
| Bank of Montreal | 4.65 | 3.70 | 3.95 | 4.45 | 5.29 | 5.78 |
| HSBC Bank Canada | 5.20 | 4.50 | 5.00 | 5.15 | 5.44 | 5.84 |
| ING Direct | - | 2.95 | 3.49 | 3.59 | 4.09 | 4.19 |
| London Life | 4.75 | 3.80 | 3.95 | 4.45 | 5.29 | 5.78 |
| Royal Bank of Canada | - | 3.80 | 3.95 | 4.45 | 5.29 | 5.74 |
Rates updated November 9th, 2009. Please note rates are subject to change, all rates should be verified with the Financial Institution or through your mortgage broker.
Mortgage Trend
Five year fixed rate mortgages are trending down...
Real Estate Industry Outlook
The housing market appears to be picking up steam as we head towards the end of 2009. With lending rates expected to remain at all time lows through to the middle of 2010 housing starts have begun to pick up. The Bank of Canada has announced it expects there will be no rate increase until the end of the second quarter of 2010. With unemployment levels still relatively high and consumer confidence low as a result of the still lingering recession the mortgage market is now more competitive than ever.
Find a Broker
Choose your Province or select from our list of featured Mortgage Brokers
British Columbia | Alberta | Saskatchewan | Manitoba | Ontario | Quebec New Brunswick | Nova Scotia | Prince Edward Island | Newfoundland
Today's Featured Mortgage Brokers:
| Karin Hoehn - The Mortgage Centre | www.mybcmortgage.com |
|---|---|
| Telephone: 604-328-3801 | |
| 206-1128 Quebec Street , Vancouver , BC V6A 4E1 | |
| karinhoehn@telus.net | |
| One Stop Mortgage Corp | www.onestopmortgage.ca |
| Telephone: 604-874-8988 | |
| 2564 Hastings Street East , Vancouver , BC V5K 1Z | |
| Atkinson & Terry Insurance Brokers | |
| Telephone: 604-596-1717 | |
| 120-8067 120 Street , Delta , BC V4C 6P7 | |