Housing Activity to Rebound in Second Half of 2009 and in 2010

1.85%*

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Mortgage
Calculators

CURRENT BEST MORTGAGE RATES

Term

Your Bank

1 Year
Closed

3.75%

2.49%

One Year
Open

7.99%

4.99%

2 Year
Closed

3.15%

2.85%

3 Year
Closed

4.65%

3.25%

4 Year
Closed

5.14%

3.54%

5 Year
Closed

5.85%

3.69%

7 Year
Closed

6.80%

4.95%

10 Year
Closed

6.90%

5.30%

Line of Credit (HELOC)

3.25%

2.85%

Variable
(ARM)

3.25%

1.85%

2.25% Prime Rate. *Rates subject to change without notice. OAC, E&OE.

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Housing Activity to Rebound in Second Half of 2009 and in 2010

September 8, 2009

Excellent article on CMHC’s view of the new house starts rebounding

http://www.cmhc-schl.gc.ca/en/corp/nero/nere/2009/2009-09-03-0815.cfm