Canadian Mortgage Trends

New Home“Following the spring/summer rate spikes of 2013, homeowners feared that the low-rate ship had sailed. And now, only 6 to 7 months later, the market is again flush with sub-3% mortgages.

“Just yesterday, in fact, Scotiabank launched the lowest mass-market 5-year fixed rate in its history: 2.97%. (Mind you, this is a rate the bank could have marketed last year, had the previous Finance Minister¬† not suppressed rate competition.)”

Read the full article here.

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