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CURRENT RATES

2 YEAR 2.94%

3 YEAR 3.09%

4 YEAR 3.29%

5 YEAR 3.24%

5 YEAR Variable 2.65%*

Updated January 22nd, 2018
*Special conditions apply. Interest rates are provided for information purposes only and are subject to change without notice.

Oriana News

Reminder: Down Payment Rules Change On February 15th, 2016

The minimum down payment for new insured mortgages will increase for homes above $500,000 on February 15th. Check out the new down payment required by home price below or contact a mortgage agent for more information!Government of Canada Takes Action to Maintain a Healthy, Competitive and Stable Housing MarketDecember 11, 2015 - Ottawa, Ontario - Department of FinanceFinance Minister Bill Morneau today announced changes to...[Read More]

RRSPs explained: A primer for newbies

Globe and Mail ~ February 5th, 2016With RRSP season in full swing, here’s a primer on Canada’s registered retirement savings plan.What is an RRSP?The registered retirement savings plan was introduced in 1965 to help Canadians save for their retirement. According to Larry Moser, a divisional manager for the Bank of Montreal in Ottawa, it is “the greatest vehicle for retirement savings,” and it is one of the few ways to earn an income-...[Read More]

Ontario won’t expand the municipal land transfer tax beyond Toronto’s borders

Ontario won’t expand the municipal land transfer tax beyond Toronto’s bordersNational Post ~ December 1st, 2015After weeks of dithering, the Ontario government has ruled against expanding the municipal land transfer tax beyond Toronto’s borders.There is already a levy on all home sales collected by the province, and Toronto has a unique power to collect an additional tax. But more than a month after it was revealed Queen’s Park was conside...[Read More]

Toronto’s Land Transfer Tax: Coming to a Neighbourhood Near You.

As Toronto’s nightmare continues, Ontario’s is just beginning.The provincial government is ready to give municipalities the right to levy new municipal land transfer taxes in their own jurisdictions – potentially doubling the tax currently paid when a property is purchased.If introduced province-wide,  the effect will be dramatic: the tax on a home purchased for $400,000, for example, will jump from $4,475 to $8,950. That’s the highest land...[Read More]