Tridac Mortgages

Mortgage Interest Rates - August 30, 2010 - Toronto

2.70%	1 Year Fixed
2.90%	3 Year Fixed
3.69%	5 Year Fixed (quick close Sept 30th)
2.87%	Merix 50/50 Mortgage (Fixed/Variable hybrid)
P-.70	3 Year Variable
P-.65	5 Year Variable

Prime Rate is currently 2.75%.

Bank of Canada Qualifying rate has dropped to 5.39%.

NOTE: Rates are subject to change without warning at the lender ...

The consequences of not paying property taxes are not well appreciated. In my last blog entry I explained the term Judicial Sale and highlighted that this legal process is a great opportunity to acquire undervauled properties in cottage country. More often than not the cause is the non-payment of property taxes.

The other day we received a phone call from a solicitor to help resolve a legal a ...

Mortgage interest rates continue to stay low as week numbers suggest that we are still far from full economic recovery.

Mortgage interest rates for week of August 23, 2010:

2.70% – 1 Year Fixed

2.90% – 3 Year Fixed

3.89% – 5 Year Fixed (quick close Sept 30th)

2.87% – Merix 50/50 Mortgage (Fixed/Variable hybrid)

P-.70   3 Year Variable

P-.65   5 Year Variable

Prime Rate is currently 2.75%.

B ...

For the 3rd time this year lenders are offering fixed 5 year mortgages for less than 4%. interesting when you consider the headlines from just a few months ago warning of an immanent long term increase of mortgage interest rates and all the caveats from the banks to lock in rates.

Mortgage Interest Rates For Week of August 16, 2010:

2.70% – 1 Year Fixed

2.90% – 3 Year Fixed

3.89% – 5 Year Fi ...