Mortgage rate wars

Meridian is offering a fixed-rate mortgage of 1.69% for a one-year term but it’s only available in Ontario for a limited time.

You’ve probably seen a local gym offering a promotion along the following lines: sign up now and your first two months are only $10! Naturally, you have to sign a contract to get this rate, and … Read More

If their logo doesn’t make you smile already, this announcement might: Meridian Credit Union is now offering a 1.49% 18-month fixed rate mortgage product to its members. It is, quite literally, the lowest mortgage rate in Canadian … Read More

Just when we thought there were enough headlines to fill our monthly update, the federal government made an announcement only minutes before the long weekend. Without giving too much away, there are a number of changes being … Read More

It’s been almost six weeks since the Bank of Canada (BoC) made its shocking interest rate cut announcement, and what’s followed has been a flurry of mortgage rate cuts and wars – plus a lot of theories about … Read More

You’re all probably too busy buying or selling real estate to read this, given the current market frenzy, but here’s the mortgage market monthly rundown. I’ll try to keep it short, so you can get back … Read More

You’ve probably seen or read by now that, earlier this week, Investors Group dropped their 3-year variable mortgage rate to just 1.99%. The media has been giving this a lot of attention, and for good reason … Read More

It’s spring (despite what Mother Nature says) and that means it’s time for another round of mortgage rate wars. But before the Bank of Montreal (BMO) had the chance to unveil its controversial 2.99% rate again, … Read More

Are banks racing to the bottom? If you’re thinking of buying a home this spring, there’s never been a better time to get a mortgage. Despite the fact that most lenders are no longer offering juicy … Read More

Flickr: mpilote On Saturday, the Bank of Montreal (BMO) lowered its 5-year fixed mortgage rate from 3.09 to 2.99 per cent. Last year, BMO made this same move, which at the time was the lowest rate … Read More