Canadian Mortgage Rates
| Term | Rate |
| Prime Rate (P) | 3.00% |
| Line of Credit (LOC) | 3.50% |
| 5 Year Closed Variable | P -0.15% |
| 5 Year Open Variable | P +0.75% |
| 6 Month Closed | 2.89% |
| 1 Year Closed | 2.79% |
| 2 Year Closed | 2.89% |
| 3 Year Closed | 2.89% |
| 4 Year Closed | 2.99% |
| 5 Year Closed | 3.19% |
| 7 Year Closed | 3.89% |
| 10 Year Closed | 3.89% |
YOUR CANADIAN MORTGAGE BROKER
We are a premier Canadian mortgage brokerage that connects clients with the top mortgage lenders and mortgage associates across Canada!
Looking for the best Canadian mortgage financing options?
- Have you spotted your dream home?
- Do you know how to obtain the required finances?
- Are you tired of high interest rates?
- Are you worried about not having funds to meet required down payments?
- Is your credit less-than-perfect?
- Are you looking for the best mortgage terms & lowest mortgage rates?
- Are you looking for a reputable mortgage broker or lender?
If you've answered yes to any of the above questions MyMortgage.ca can help you!
MyMortgage.ca offers the best Canadian home mortgage financing loan services across Canada. MyMortgage.ca is in tune with your specific mortgage requirements. We work with a network of prescreened Canadian mortgage lenders offering excellent loan programs at very competitive rates.
MyMortgage.ca understands the problems associated with securing all types of Canadian mortgage financing. We help clients find the best mortgage loan programs in Canada as per their situation. Since our Canadian lenders compete for your business, you will get the lowest rates possible and best mortgage product available!
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December 2, 2011; MCAP has announced an agreement to acquire the residential mortgage operations and certain related assets of ResMor Trust Company (ResMor). The transaction is expected to be completed in the first quarter of 2012 and is subject to regulatory approval and other customary closing conditions. [ Read more... ]
October 25, 2011; The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent. [ Read more... ]
October 19, 2011; Since 2008 the government of Canada has made mandatory changes to reduce the maximum amortization period from 40 years down to 35 and now down to 30 years for any insured mortgages.
Insured mortgages (also known as high ratio mortgages) are mortgages that require less than 20% of the value of the home for the down payment or for refinancing, less than 20% in equity. The government backs these mortgages for the protection of the lenders. Currently with these mortgages the maximum amortization period is 30 years.
The media has covered how the amortization has been reduced to 30 years in depth, but they have failed to mention that this is not the case with other mortgage options. Mortgages that are often referred to as conventional or uninsured mortgages, which entail a 20% or greater down payment or equity, still offer amortization periods of up to 40 years. [ Read more... ]
We are a premier Canadian mortgage brokerage that connects clients with the top mortgage lenders and mortgage associates across Canada!
Looking for the best Canadian mortgage financing options?
- Have you spotted your dream home?
- Do you know how to obtain the required finances?
- Are you tired of high interest rates?
- Are you worried about not having funds to meet required down payments?
- Is your credit less-than-perfect?
- Are you looking for the best mortgage terms & lowest mortgage rates?
- Are you looking for a reputable mortgage broker or lender?
If you've answered yes to any of the above questions MyMortgage.ca can help you!
MyMortgage.ca offers the best Canadian home mortgage financing loan services across Canada. MyMortgage.ca is in tune with your specific mortgage requirements. We work with a network of prescreened Canadian mortgage lenders offering excellent loan programs at very competitive rates.
MyMortgage.ca understands the problems associated with securing all types of Canadian mortgage financing. We help clients find the best mortgage loan programs in Canada as per their situation. Since our Canadian lenders compete for your business, you will get the lowest rates possible and best mortgage product available!
Mortgage Process
In Other Languages
Breaking News
More News
Insured mortgages (also known as high ratio mortgages) are mortgages that require less than 20% of the value of the home for the down payment or for refinancing, less than 20% in equity. The government backs these mortgages for the protection of the lenders. Currently with these mortgages the maximum amortization period is 30 years.
The media has covered how the amortization has been reduced to 30 years in depth, but they have failed to mention that this is not the case with other mortgage options. Mortgages that are often referred to as conventional or uninsured mortgages, which entail a 20% or greater down payment or equity, still offer amortization periods of up to 40 years. [ Read more... ]