Current Mortgage Rates are:
“A” Lending:
Fixed 5.19%* for insured
Fixed 5.89% for conventional
Variable 6.05% for insured
Variable 6.70% for uninsured
Rental 6.14% fixed 6.85% variable
Prime Rate 6.95%
Qualifying Rate Contract Rate + 2%
Next rate set by Bank of Canada is on July 12, 2023
“B” Lending:
1 year – 6.99%
2 years – 6.79%
3 years – 6.69%
20% down payment required
30 days bank statement for down payment
Self-Employed – 6 to12 months bank statements
Let me know if you wish me to connect you to a mortgage broker?