CATEGORIES

CURRENT RATES

2 YEAR 3.19%

3 YEAR 2.79%*

4 YEAR 2.99%

5 YEAR 2.89%*

5 YEAR Variable 2.90%*

Updated January 3rd, 2020
*Special conditions apply. Interest rates are provided for information purposes only and are subject to change without notice.

Oriana News

Predictions for Canada’s mortgage market in 2020

Globe and Mail ~ December 29th, 2019Canada’s mortgage market turned heads in 2019. From the plunge in interest rates, to the late-year surge in mortgage growth to the growing influence of online discount mortgage lenders, it was a year of milestones.Looking ahead, 2020 is guaranteed to have its own twists. These are five undaunted predictions of what’s to come:A more cutthroat mortgage marketIt’s taken a few decades since the birth o...[Read More]

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]