Current Mortgage Rates are:
“A” Lending:
Fixed 4.19%* for insured
Fixed 4.44% for conventional
Variable 4.30% for insured
Variable 4.65% for uninsured
Rental 4.69% fixed
4.94% variable
Prime Rate 4.95%
Next rate set by Bank of Canada is on June 4, 2025
“B” Lending:
1 year 4.94% to 5.24%
2 years 4.79% to 5.09%
3 years 4.69% to 4.99%
20% down payment required
Self-Employed – 12 months bank statements
“C” Lending:
Rate starts from 5.99% – Fully Open
Stated Income
“2nd Mortgage”
Rate starts from 11.99%