Rates

 

Period Rate
1 Year 6.49%
2 Years 4.44%
3 Years 3.99%
4 Years 4.34%
5 Years 4.19%
7 Years 6.54%
10 Years 6.64%
ARM/VRM P +/- -0.7%

Note. Rates are subject to change without notice until locked in

tel:905.616.0270

Comments

Post a Comment

Popular posts from this blog

Discover the Perfect Home and Unbeatable Rates: Your Personalized Mortgage Broker Awaits

Image
     Welcome to " Mortgage by Alexandru ", where the journey to homeownership combines the thrill of finding your dream home with the unbeatable advantage of securing the best  RATES  available.            I understand that the search for the perfect mortgage can be both exhilarating and overwhelming, which is why I am here to guide you towards a truly exceptional experience. Imagine having a trusted partner by your side, equipped with the knowledge and expertise to unlock exclusive  RATES   that will make your dreams a reality.  At "Mortgage By Alexandru", I specialize in delivering personalized solutions tailored to your unique needs, and I take pride in my extensive network of lenders who offer the most competitive  RATES   in the market. Join me as I demystify the world of mortgages and empower you to discover the perfect home at  RATES  that will leave you astounded. Get ready to embark...
More info »

Rate Announcement for September 2024

Image
       The Bank of Canada today reduced its target for the overnight rate to 4¼% , with the Bank Rate at 4½% and the deposit rate at 4¼%. The Bank is continuing its policy of balance sheet normalization. The global economy expanded by about 2½% in the second quarter, consistent with projections in the Bank’s July Monetary Policy Report (MPR). In the United States, economic growth was stronger than expected, led by consumption, but the labor market has slowed. Euro-area growth has been boosted by tourism and other services, while manufacturing has been soft. Inflation in both regions continues to moderate. In China, weak domestic demand weighed on economic growth. Global financial conditions have eased further since July, with declines in bond yields. The Canadian dollar has appreciated modestly, largely reflecting a lower US dollar. Oil prices are lower than assumed in the July MPR. Dates Target January 24 5.00% March 6 5.00% April 10 5.00% June 5...
More info »

Bank of Canada raises policy rate 25 basis points, continues quantitative tightening

Image
  The Bank of Canada  on July 12 increased its target for the overnight rate to 5% , with the Bank Rate at 5¼% and the deposit rate at 5%. The Bank is also continuing its policy of quantitative tightening.  Global inflation is easing, with lower energy prices and a decline in goods price inflation. However, robust demand and tight labour markets are causing persistent inflationary pressures in services. Economic growth has been stronger than expected, especially in the United States, where consumer and business spending has been surprisingly resilient. After a surge in early 2023, China’s economic growth is softening, with slowing exports and ongoing weakness in its property sector. Growth in the euro area is effectively stalled: while the service sector continues to grow, manufacturing is contracting. Global financial conditions have tightened, with bond yields up in North America and Europe as major central banks signal further interest rate increases may be needed to...
More info »