CATEGORIES

CURRENT RATES

2 YEAR 1.99%*

3 YEAR 2.79%*

4 YEAR 2.94%

5 YEAR 2.59%*

5 YEAR Variable 2.90%*

Updated October 9th, 2019
*Special conditions apply. Interest rates are provided for information purposes only and are subject to change without notice.

Oriana News

Canadians Need Guidance With Their Mortgages

Canadian Mortgage Trends - October 3rd, 2019That’s the takeaway from a national survey released this week by Rates.ca, which found half of Canadians aren’t aware of the mortgage options available to them.Not only that, but Canadians are lacking in some other basic mortgage trivia, with an astounding 9 out of 10 respondents not knowing that mortgage interest is charged semi-annually:    28% think interest is compounded monthly;...[Read More]

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]