CATEGORIES

CURRENT RATES

2 YEAR 2.69%

3 YEAR 2.69%

4 YEAR 2.69%

5 YEAR 2.74%*

5 YEAR Variable 2.90%*

Updated December 10th, 2019
*Special conditions apply. Interest rates are provided for information purposes only and are subject to change without notice.

Oriana News

The Bank of Canada has held its benchmark overnight interest rate at 1.75 per cent as expected by many analysts.

The Bank of Canada has held its benchmark overnight interest rate at 1.75 per cent as expected by many analysts.CBC - December 3rd, 2019Retailers foresee holiday joy — even as Poloz looks to hold line on rates: Don PittisWhile the world cuts interest rates, the Bank of Canada likely won't if we keep shoppingSouth of the border, there was much hand-wringing that a shortened holiday spending season this year just wouldn't give our American cousins...[Read More]

Why the mortgage stress test has proved so controversial for first-time homebuyers — and retirees

Why the mortgage stress test has proved so controversial for first-time homebuyers — and retireesFinancial Post ~ November 7th, 2019 Buying a new home is already a stressful experience. With last year’s introduction of a mortgage stress test for all aspiring homeowners, that has only become more so. There are several requirements to meet before a successful application, and the aspiring homeowner must be sure they will be able to meet the monthly payments before ...[Read More]

For mortgage decisions, look beyond the interest rate and get expert advice

Globe and Mail ~ October 25th, 2019Are you among the shoppers who carefully read the labels of items you plan to buy? It seems that more and more Canadians are making informed purchasing decisions a priority, and Paul Taylor, president and CEO of Mortgage Professionals Canada, welcomes this attention to detail. He believes the same – if not greater – scrutiny is warranted when people are obtaining or renewing a mortgage.“People often look for the lowe...[Read More]

Canadians Need Guidance With Their Mortgages

Canadian Mortgage Trends - October 3rd, 2019That’s the takeaway from a national survey released this week by Rates.ca, which found half of Canadians aren’t aware of the mortgage options available to them.Not only that, but Canadians are lacking in some other basic mortgage trivia, with an astounding 9 out of 10 respondents not knowing that mortgage interest is charged semi-annually:    28% think interest is compounded monthly;...[Read More]