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CURRENT RATES

2 YEAR 2.79%

3 YEAR 2.84%

4 YEAR 2.94%

5 YEAR 2.99%*

5 YEAR Variable 2.40%*

Updated November 6th, 2017
*Special conditions apply. Interest rates are provided for information purposes only and are subject to change without notice.

Oriana News

Ten ways the new mortgage rules will shake up the lending market

Globe and Mail ~ October 17th, 2017T-minus 76 days and counting until Canada's banking regulator launches its controversial mortgage stress test. It'll be squarely aimed at people with heavier debt loads and at least 20 per cent equity – and it will be a tide turner.Given where Canada's home prices and debt levels are at, this is easily the most potent mortgage rule change of all time. Here are 10 ways it's going to shake up Canada's mortgage market for years to ...[Read More]

OSFI is reinforcing a strong and prudent regulatory regime for residential mortgage underwriting

OTTAWA - October 17, 2017 - Office of the Superintendent of Financial Institutions Canada Today the Office of the Superintendent of Financial Institutions Canada (OSFI) published the final version of Guideline B-20 - Residential Mortgage Underwriting Practices and Procedures. The revised Guideline, which comes into effect on January 1, 2018, applies to all federally regulated financial institutions. The changes to Guideline B-20 reinforce OSFI’s expectation that federally ...[Read More]

As Mortgage Market Tightens, Private Lending Is a Growing Opportunity

Mortgage Broker News ~ September 27th, 2017Canada’s housing market is red hot, but securing a suitable mortgage is becoming harder than ever before. Stricter lending requirements, new government controls and rising home values have made it more difficult for individuals and families to qualify for a loan. Although these new measures are intended to keep unqualified buyers from obtaining a mortgage, they are also impacting sound borrowers who may not have the equity or employ...[Read More]

What you need to know about the Equifax data breach

Associated Press ~ September 9th, 2017Equifax, one of the three main credit reporting companies, said this week that a major data breach exposed Social Security numbers and other important information of millions of people.The breach affected about 143 million in the United States, as well as some people in Canada and the United Kingdom, but Equifax didn't provide a number. Hackers had access to the data between May and July, Equifax said. The company discovered the ha...[Read More]