A simple place for writing
Mortgage tree • #205, 1680 40th ave sw. • Calgary, alberta • (403) 510-0455
Come see me for your next mortgage or renewal.
Whether you are buying your first home, refinancing, investing in a rental property, purchasing a second home, transferring your mortgage, or accessing private funds - I am here for help.
The Bank of Canada’s conventional five-year fixed posted mortgage rate is the mode (i.e., the most common occurring number) of the conventional five-year fixed mortgage rate advertised by Canada’s six largest banks. The rate is updated weekly and is available on the Bank of Canada’s website (CANSIM table 176-0043). The Bank of Canada’s posted rate is typically higher than the contract mortgage rate most buyers actually pay. As of March 20th, 2017, the Bank of Canada posted rate was 4.64 per cent. (click the link above to see 'Interest Rates' and look at the 'Conventional mortgage - 5-year') and the prime rate was at 2.70%.
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"I like my coffee.... like most people like their mortgages. Knowing it's consistent, smooth and reliable no matter how it comes!"
Welcome to the March 2017 update.
The 2016 Mortgage Consumer Survey was released. Granted the data was gathered in March of 2016, but the CMHC website just published that information to us. What does it look like? Read on to find out more!!
In March 2016, CMHC completed an online survey of 3,006 recent mortgage consumers, all prime household decision-makers who had undertaken a mortgage transaction in the past 12 months. Sixty-two percent had undergone a mortgage renewal, 18% had refinanced their mortgage, and 20% had purchased a home with mortgage financing (11% First-Time Buyers and 9% Repeat Buyers). CMHC has conducted this survey since 1999. It is the largest and most comprehensive survey of its kind in Canada.
Click the Link Below to see the full report.