CATEGORIES

CURRENT RATES

2 YEAR 1.99%*

3 YEAR 2.89%*

4 YEAR 3.04%

5 YEAR 2.74%*

5 YEAR Variable 2.90%*

Updated July 17th, 2019
*Special conditions apply. Interest rates are provided for information purposes only and are subject to change without notice.

Oriana News

Liberals' mortgage help for first-time buyers lands Sept. 2, weeks before vote

CBC.com - June 17th, 2019 OTTAWA - The federal Liberals say a new program to help new buyers pay for their first home will kick in on Labour Day.The program that will help cover some mortgage costs will be available starting Sept. 2, only weeks before the October federal election.The government's plan will see it pick up five per cent of a mortgage on existing homes for households that earn under $120,000 a year, on a mortgage of no more than $480,000....[Read More]

Canadian housing market will be back in growth mode ‘later this year’'

May 8th, 2019 ~ Livabl.com The governor of the Bank of Canada suggests it won’t be long before the country’s housing market has bounced back and starts growing once again.“As markets stabilize in Toronto and Vancouver, the Canadian housing sector should return to growth overall later this year,” Stephen Poloz, governor of the Bank of Canada, said in a speech to the Canadian Credit Union Association and Winnipeg Chamber of Commerce on Monday....[Read More]

Self-employed increasingly turning to private lenders for mortgages

CTV News ~ April 29th, 2019 TORONTO -- The self-employed are among the growing number of Canadians turning to private lenders in order to obtain a mortgage.While many prospective homeowners are driven to alternate lenders because of government-mandated stress tests and poor credit scores, the self-employed often have additional burdens to overcome in proving their income."There's more and more people seeking private loans than ever before and that's a ...[Read More]

Buying a home? CMHC could soon kick in 10% of the cost — for a price

CBC~ March 19th, 2019The government is earmarking $1.25B over 3 years for something it's calling a 'shared equity mortgage'The 2019 federal budget includes a tantalizing pitch for prospective first-time homebuyers — one that could see Canada's housing agency contribute up to 10 per cent of the purchase price of a home and bring down the mortgage load for borrowers.The budget offers the program, known as the First Time Home Buyer Incentive, as a way to...[Read More]