Rate remaining:
1 year closed fixed rate: 3.14%
2 years closed fixed rate: 3.09%
3 years closed fixed rate: 3.19%
4 years closed fixed rate: 3.29%
5 years closed fixed rate : 3.39%
7 years closed fixed rate : 3.44% – best on the market
10 years closed fixed rate : 3.89%
Continue reading
Rate remaining:
1 year closed fixed rate: 2.79
2 years closed fixed rate: 2.19
5 years fixed : 2.69
5 years variable closed: 2.10
5 years variable open: 3.50
Prime rate (P) 2.70
Rate remaining:
1 year closed fixed rate: 2.64
2 years closed fixed rate: 2.75
5 years fixed : 2.89
You can buy a house in Canada using a bank mortgage at the very beginning of the immigration process.
Continue reading
General Requirements:
• Half a year minimum period of residency in Canada;
• Credit history built for at least 6 months;
• Availability of two credit cards minimum in active use with total balance of $2000 for each applicant;
• Minimum 3 months of specialty-related work experience without a probation period;
• It is possible to finance up to 95% of the purchase price (with minimum 5% down payment) for a single-family house or a duplex;
• 90% of the purchase price (with minimum 10% down payment) for a triplex or a quadruplex;
• Further residence in the real estate to be purchased is obligatory;
• Mortgage term is from 6 month to 10 years;
• The maximum mortgage amortization period is 35 years;
• The down payment can be made by a credit card, by using a line of credit or gifted by a close relative.
Continue reading
