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CURRENT RATES

2 YEAR 3.14%

3 YEAR 3.09%

4 YEAR 3.14%

5 YEAR 2.29%*

5 YEAR Variable 2.65%*

Updated March 30th, 2020
*Special conditions apply. Interest rates are provided for information purposes only and are subject to change without notice.

Oriana News

Mortgage Relief Options

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What does Covid-19 mean for mortgages?

What does Covid-19 mean for mortgages? There is no doubt about it. COVID-19 is impacting the market. What does this mean for mortgages? Lower Rates! Fixed and variable rates are dropping. This is...[Read More]

Bank of Canada cuts interest rate: Read the official statement

Financial Post ~ March 4th, 2020Bank of Canada lowers its key interest rate by 50 basis points to 1.25 per centHere’s the Bank of Canada’s official statement for its interest rate decision on Wednesday, March 4, 2020:The Bank of Canada today lowered its target for the overnight rate by 50 basis points to 1.25 per cent. The Bank Rate is correspondingly 1.5 per cent and the deposit rate is 1 per cent.While Canada’s economy has be...[Read More]

Breaking: Changes to stress test announced

Mortgage Broker News ~ February 18th, 2020Minister of Finance Bill Morneau has announced changes to the benchmark rate used to determine the minimum qualifying rate for insured mortgages.Instead of the Bank of Canada 5-Year Benchmark Posted Rate, the new benchmark rate will be the weekly median 5-year fixed insured mortgage rate from mortgage insurance applications, plus 2%. These changes will come into effect on April 6, 2020.The new benchmark rate will be...[Read More]