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CURRENT RATES

2 YEAR 1.99%*

3 YEAR 2.79%*

4 YEAR 2.94%

5 YEAR 2.54%*

5 YEAR Variable 2.90%*

Updated August 29th, 2019
*Special conditions apply. Interest rates are provided for information purposes only and are subject to change without notice.

Oriana News

What to do if short-term renters trash your home

MoneySense ~ August 13th, 2019Even when they follow your rules, Airbnb guests may cause damage to your most expensive asset. But the right insurance can protect you from potentially big out-of-pocket costs. Here’s what you need to know.As new homeowners with two young children, Mark and Star Stark were always on the hunt for ways to save or earn a few extra dollars. They’d heard about short-term rental listing services, like Airbnb and Vrbo, and thought tha...[Read More]

This borrow-to-invest strategy can build you wealth with someone else's money

Financial Post ~ August 6th, 2019Borrowing to invest doesn’t have to be scary; in fact most people have done it“Borrowing to invest” can be a scary phrase. There have been many inappropriate cases where it doesn’t end well.Yet for all of the naysayers, I am pretty sure that you are currently doing it or have done it before.If you have ever had a mortgage or debt on a home equity line of credit, you have borrowed to invest...[Read More]

Bank of Canada mortgage stress test rate drops for first time since 2016

Financial Post ~ July 19th, 2019Canadians may now be able to afford slightly more expensive homesFor the first time in almost three years, the Bank of Canada’s minimum mortgage qualifying rate has dropped to 5.19 per cent from 5.34 per cent.The central bank’s new rate has a slight effect on the mortgage stress test for those with uninsured mortgages.“At a minimum, the qualifying rate for all uninsured mortgages should be the gr...[Read More]

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]