CATEGORIES

CURRENT RATES

2 YEAR 3.69%

3 YEAR 3.39%*

4 YEAR 3.64%

5 YEAR 3.69%*

5 YEAR Variable 2.95%*

Updated December 17th, 2018
*Special conditions apply. Interest rates are provided for information purposes only and are subject to change without notice.

Oriana News

Finally, mortgage renewals have entered a new era

Globe and Mail ~ November 6th, 2018As Canadian mortgages come up for renewal, many households are starting to experience what TD Economics has dubbed a “completely new phenomenon” – higher interest rates.In a recent report, TD looked at the change to the conventional five-year mortgage rate over its term length. Essentially, this shows where rates for a popular product – the five-year, fixed-rate mortgage – stand upon renewal. For much of ...[Read More]

Why your neighbour's kid is getting a better mortgage rate than you

Financial Post ~ November 13th, 2018Ted Rechtshaffen: The government has effectively decided to support home buyers who do not necessarily have the funds to buy a houseHow did a 27-yeaer-old kid How did that kid get a 3.39% mortgage while I'm paying an extra 0.45% a year?I used to think paying down debt and having a good credit rating would reward me.Then I went to renegotiate my mortgage and was told that my five-year fixed mortgage rate would ...[Read More]

How to determine when you’ll pay more for a mortgage

Globe and Mail ~ August 3rd, 2018Nobody wants to pay more than necessary when getting a mortgage. But more than four out of five applicants have little chance at getting Canada’s true lowest rate.Rock-bottom rates are reserved only for mortgages that present the least risk and cost for the lender. And relatively few mortgages fall into this bucket.Mortgages have always been priced based on the risk you present to the lender. But after 10 years of gove...[Read More]

Bank of Canada raises rates as Poloz’s tale of recovery from Great Recession finally starts coming true

Financial Post ~ July 11th, 2018Kevin Carmichael: Beyond trade, the bigger story in decision is that most companies are responding to their order books rather than headlines in business pagesThe Bank of Canada raised interest rates July 11 because Stephen Poloz’s tale about how the economy would recover from the Great Recession finally is coming true.Most everyone assumed the central bank would lift the benchmark rate a quarter point to 1.50 per cent....[Read More]