Best Mortgage Rates in Thunder Bay
Thunder Bay Mortgage Rates
City in Brief: Thunder Bay, situated on the northern shore of Lake Superior, is the largest community on the lake and the second most populous city in Northern Ontario. It is sometimes called “Lakehead” due to its location as the end point of Great Lakes navigation in Canadian waters. Thunder Bay serves as the region’s commercial, administrative and medical hub. The city’s 50-million-ton mascot is known as the Sleeping Giant, a large rock formation on the Sibley Peninsula, which juts out into Lake Superior. Viewed from the city the formation resembles a giant laying on its back.
Population: 108,359 (Source: StatsCan census, 2016)
Average Home Value: $239,900 (as of August 2017; Source: CREA)
Home Price Change (year-over-year): 11.5%
Minimum Down Payment: $11,760 (based on average home price)
* Note: This page lists lenders with branches in the city and mortgage brokers with registered offices in the city. For a full list of mortgage providers in the province, check the Best Mortgage Rates Ontario page. (Image source: Wikipedia)