Mortgage Rates Remain Low And Real Estate Prices Increase!

October 6th, 2015

1.80% 5-Year Variable & 2.29% 5-Year Fixed!

Although some lenders have increased their mortgage rates, there are still some great promos in the market. In Ontario, you can get a 5-year variable rate of 1.80% or 2.29% 5-year fixed. Mortgage rates are still very, very low compared to the past.

Toronto Real Estate Continues To Rise

The average sales price for all property types in the GTA increased by 9.2% (September 2015 versus September 2014). As at September 30, 2015, the average sale price was $627,395 in the GTA! With the demand for properties in the GTA overshadowing the supply of real estate on the market and mortgage rates remaining low, we can expect prices to continue to rise in the near future.

Our Current Mortgage Rates

1-year: 2.19%
2-year: 2.09%
3-year: 2.15%
4-year: 2.39%
5-year: 2.29%
7-year: 2.88%
10-year: 3.64%
Variable: 1.80%