Weekly Rate Update

Lower fixed rates may be coming soon, but how much lower? Bond yields are down again, after the latest Bank of Canada announcement.

Keep in mind, if fixed rates drop by 0.10%, the monthly mortgage payment only goes down by about $7 for every $100,000 borrowed. Not a big difference!

If placing a down payment of less than 20%, rates are in the high 4's for a 3 year fixed and 5 year fixed.

If placing a down payment of 20% or greater, rates are under 5% for a 3 year fixed and 5 year fixed.

*Above rates are subject to change and can change daily in this volatile interest rate environment.