Five year fixed term at 3.99%.  Variable / adjustable rate mortgage dipped to prime minus .10% or 2.15%.   Head of Bank of Canada Mark Carney reaffirmed no change in prime likely til mid 2010.  Recent dips in value of Cdn dollar may help him keep this estimate in line and inflation in check. 
                                   ·           TSX [...]

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By Bruce Whitaker
When buying you should always consider how the features of your potential home will appeal to other buyers. You don’t want to buy something that uniquely appeals to you but is unlikely to be attractive to others. You don’t want to be in an awkward spot in 3-5 years where it becomes hard [...]

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Rates up and down.  Fixed rates have jumped somewhat from lows of 3.79% for a five year fixed rate up to above 4% at most major lenders.  Still one lender holding out at 3.99% on five year deal.  Special at 3.79% for 4 years as well. 
Yet down is the variable / adjustable rates to a [...]

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by Bruce Whitaker
Many buyers come to us and want to max out on their mortgage (ie. get the biggest mortgage they can get). This is not a good idea as you need to be prepared for surprises that creep up (ie. fridge goes kaplunk). What we suggest is looking at the mortgage payment first. How [...]

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