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Mortgage Rates

Bank Vs BrokerNorthwoodScotia BankBMORBCCIBCTD
1 Year Fixed2.54%2.790%2.790%3.25%2.79%2.79%
2 Year Fixed2.34%2.890%2.940%2.090%2.89%2.94%
3 Year Fixed1.64%3.490%3.490%3.69%3.49%2.24%
4 Year Fixed1.79%3.890%4.090%4.42%4.24%3.74%
5 Year Fixed1.94%4.790%4.790%2.440%4.79%2.29%
5 year variable insured1.20%2.650%2.450%1.550%2.45%1.55%

Updated as of: 18/10/2021

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Your home is your most valuable asset. It is probably the single largest investment you will make in your lifetime. Your home is more than a place to rest your head and raise a family. Your home contains equity. It is a treasured resource and in some cases, can even be used as an ATM (aka cash back mortgages and HELOCs – don’t worry we’ll get there).

We All Need a Mortgage

Everyone who is looking to purchase a home will need a mortgage. But, what is a mortgage exactly and why do you need it? Besides being the term to describe a loan secured by real estate, a mortgage allows you to access funding to procure your dream home.

Questions You Need to Ask Your...

Contacting local mortgage brokers and considering your home-buying options is an exciting process. Read More

Time for Mortgage Renewal? Here...

When it comes time to renew your mortgage, you’ll likely receive a renewal offer in the mail from your lender. Read More

What You Need to Know About...

Understanding mortgage penalties can help you to reduce the potential cost of homeownership and ensure you’re abiding by the rules set by... Read More

What Is a Commercial Mortgage and...

Most people are somewhat familiar or will be at some point in their lives, with a conventional mortgage. Read More

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