CATEGORIES

CURRENT RATES

2 YEAR 3.32%

3 YEAR 2.96%*

4 YEAR 3.29%

5 YEAR 2.99%*

5 YEAR Variable 2.90%*

Updated May 22nd 2019
*Special conditions apply. Interest rates are provided for information purposes only and are subject to change without notice.

Oriana News

The bond market is now sending a clear signal: Go with a variable-rate mortgage

Globe and Mail ~ December 5th, 2018Many people started out Wednesday morning expecting three or more rate hikes in the next 18 months.Now, they’re wondering if we’ll see more than one.That’s how much rate expectations have changed since the Bank of Canada’s latest rate statement.If you’re shopping for a mortgage and believe what the bond market is telling us, it implies your odds of success with a fixed rate may hav...[Read More]

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]

When it comes to mortgage renewals, Canadians are leaving money on the table

  Globe and Mail ~ August 20th, 2018Mortgage renewals can be a nerve-wracking experience, especially for first-time homeowners — and this year, there will be a lot of Canadians getting ready to go through that process.Almost half of existing mortgages are up for renewal this year, according to a CIBC report from earlier this year. But despite homeowners having the opportunit...[Read More]