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!   Variable and adjustable rate mortgages continue to hover just over 2% with Bank of Canada meeting in early Sept. for next rate announcment.   Speculation in market is for Mark Carney to hold rates steady as opposed to raising another 1/4 point as was expeceted only a few weeks ago.  Housing market concerns and continued slow down of US economy main factors. 

Contact www.Buyingblock.com with any mortgage or housing questions. 

Michael Pezzack