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Oriana News

Ontario hints at measures to cool real estate market in the budget

Mortgage Broker News ~ March 27th, 2017Ontario hints at measures to cool real estate market in the budget Finance Minister Charles Sousa says the upcoming spring budget will include a package of measures dealing with housing affordability.The Liberal government has promised measures to help curb rising home prices in some markets, particularly in the Greater Toronto and Hamilton Area.Speculative investing in the real estate market _ buying a home in the hope of turning a profit rather than to ...

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Mortgage gap created by the posted rate leaves homebuyers with a decision to make

Financial Post ~ March 22nd, 2017Call it the gap between what you have to pay and what you can afford to pay — it’s going to be considerable when you qualify for your next mortgage. Now the question is what should you do with that money?Ottawa tightened mortgage rules in October and the one requirement that has disrupted the lending world is the stipulation that consumers qualify based on the Bank of Canada posted rate for a five-year fixed-rate mortgage.That rate — it’s ...

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Millennials: Is buying a home in your 5 year plan?

Financial Post ~ February 24th, 2017Buying a home is one of the largest and most important investments you’ll make in your lifetime; home ownership is still the single largest source of savings for Canadian households, as every payment you make builds equity. If you’re hoping to purchase a home in the next five years, or sooner, there are some key steps you should take to ensure you’ll be able to reach your goal of home ownership.Know your current credit score and improve ...

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When it comes to your mortgage, don't forget to consider the term

BNN ~ February 20th, 2017OTTAWA -- You shopped around for the best deal on your mortgage and weighed the pros and cons of going with a fixed-rate or a variable-rate loan, but another key factor to consider is the term.A majority of borrowers opt for a five-year mortgage -- about 54 per cent according to Mortgage Professionals Canada -- but experts say homebuyers need to consider how long they want to commit to when it comes to their loan.James Laird, co-founder of interest rate-comparison ...

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Mortgage Rates Are Trending Up - Should You Worr

Forbes ~ February 14th, 2017Unless you plan to buy your home with cash (lucky you!), it's important to know what's going on with mortgage rates these days. The bad news is that they are rising. The good news is that they have been at historic lows since the housing market crashed nearly 10 years ago — and they are still low. But since they probably won't stay this way forever, let's take a moment to learn what rate hikes could mean to you.Should you hurry to buy a home?When rates start to ...

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  • Feb 17, 2017

Mortgage Rates Are Trending Up - Should You Worr

Forbes ~ February 14th, 2017Unless you plan to buy your home with cash (lucky you!), it's important to know what's going on with mortgage rates these days. The bad news is that they are rising. The good news is that they have been at historic lows since the housing market crashed nearly 10 years ago — and they are still low. But since they probably won't stay this way forever, let's take a moment to learn what rate hikes could mean to you.Should you hurry to buy a home?When rates start to ...

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Mortgage Rates Are Trending Up - Should You Worr

Forbes ~ February 14th, 2017Unless you plan to buy your home with cash (lucky you!), it's important to know what's going on with mortgage rates these days. The bad news is that they are rising. The good news is that they have been at historic lows since the housing market crashed nearly 10 years ago — and they are still low. But since they probably won't stay this way forever, let's take a moment to learn what rate hikes could mean to you.Should you hurry to buy a home?When rates start to ...

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Interest-Only Makes a Comeback

Innovative mortgage products. Remember those?

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Here's How Much Home Canada's 'Peak Millennials' Can Afford

A down payment on an "affordable" Toronto condo could buy you a whole house in the Maritimes.

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CURRENT RATES

CURRENT RATES
Term Our Rate Bank Rate
2 YEAR 1.99%* 3.74%
3 YEAR 2.79%* 3.89%
4 YEAR 3.14% 3.94%
5 YEAR 2.64%* 5.59%
5 YEAR variable 2.90%* %
03 Aug 2019


*Special conditions apply. Interest rates are provided for information purposes only and are subject to change without notice.

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