Mortgage Rate Recap
Last week, mortgage rates in Canada continued to drop, continuing a trend initiated by some of Canada’s largest lenders in mid-July. Laurentian Bank lowered their short-term rates which include the 1-year fixed, the 2-year fixed, and the 1-year fixed open mortgage rate.
Where are Canada Mortgage Rates this week?
Canadian Mortgage Rates in 2012
The average discounted mortgage rate in Canada for 2012:
Note: This is simply a small sample size and does not represent the entire market. It does, however, offer some useful insight.