As the housing market in Canada continues to show signs of cooling off, mortgage lenders try to heat things up by dropping fixed rates some.  Now available on 5 year fixed terms as quick close specials or with limited prepayment options : 3.79% and 3.84%.   So rates are again near the historic lows of 2009!   [...]

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Forecast for rate hikes and currency strength in Canada trimmed as economic growth outlook dampens abroad
CIBC World Markets Inc. trims forecast for rate hikes and currency strength in Canada as economic growth outlook dampens abroad
TORONTO, Aug. 18 /CNW/ - Continuing weakness in the U.S. economy may force the Bank of Canada to put interest [...]

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As summer weather heats up again in the East with temperatures in the high 30’s, the real estate market is doing the opposite with a heavy cooling off of sales.   This has forced lenders into a competitive race for  what buyers are left in the market.  Rates are again below 4% on the popular 5 [...]

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