Tags » Variable Rate Mortgages

Meridian credit union offers 1-year mortgage at 1.69%

Spring mortgage wars start early, as member-owned lender makes new low offer to homebuyers

Alternative lender Meridian has launched the first shot in the spring mortgage wars with a one-year fixed mortgage rate of 1.69 per cent. 382 more words

Millennial Buyers

BREAKING NEWS: Bank of Canada holds key interest rate steady at 0.5%

The Bank of Canada today maintained its benchmark interest rate at 0.5 per cent.

The rate affects the saving and borrowing rates that Canadians get from their lending institutions banks. 41 more words

Mortgage Qualification

Bank of Canada slashes key rate as economy contracts, exports stall

The Bank of Canada is cutting its key interest rate for the second time this year, citing a larger-than-expected first half contraction and a “puzzling” stall in non-energy exports. 737 more words


Financing a New Home

Purchasing a new home can be very costly. Fortunately for us, we can turn to the bank for a mortgage loan to help us out. Mortgage loans allow us to pay for a home in installments. 479 more words

Loan / Mortgage / Finance

What is best? Fixed Rate or Variable Rate Mortgages

Fixed-rate mortgages have gained an edge over variable-rate mortgages given the improving economy and attractive offers on longer-term deals, says a new report from economists at one of Canada’s big banks. 723 more words

Bank of Canada says no rate hikes, but possible rate drops!!

  Last week, the Bank of Canada governor, Stephen Poloz, held the first of 8 scheduled meetings to set the Target Rate.    This is the rate used to set the Bank Prime rate which currently sits at 3.00%.   645 more words

Mortgage News

Real estate sales up 21% and 52% due to end of low fixed rates.

August real estate resale numbers are in….  and what a jump!  Up 21% in the Greater Toronto Area and an incredible 52% in Vancouver.   And here’s another interesting stat.   636 more words

Mortgage News