Categories for Hot Rates

BMO’s 10-Year Fixed: Not Too Shabby

If you look back over the last 40-odd years, there’s never been a time where a 10-year fixed rate has saved you more than a 5-year fixed. A 10-year term’s...

Meridian Credit Union’s 15-Month 1.50% Sale

People who live in Ontario are getting used to Meridian Credit Union’s quick-hit rate specials. Every few quarters the company seems to roll out a rate that undercuts just about everyone....

GIC Rate Steal

We rarely comment on GIC deals but there’s an opportunity out there that can’t be ignored. GICs are not for most people, but for some conservative investors they have their place. For GIC lovers who...

Another All-time Low

Mortgage competition is an exquisite thing, especially on days like this. Canada’s 5-year government bond yield sprang to a two-month high today. Normally that’s a clue that fixed mortgage rates are...

5-year Fixed Rates Break 2.00% Barrier

“Mortgage rates have bottomed.” That’s what some economists were proclaiming last year. The market then did what the market likes to do, confound and humble those who try to predict...

Meridian Throws a 1.69% Curveball at the Banks

“The major banks are raising mortgage rates. Low rates won’t last.” That’s the message people have been fed for the last few months. Well, Meridian is changing the message. Ontario’s...

CIBC’s New Rate Specials

The nation’s fifth-largest bank has just rolled out two juicy new rate specials: A 1.99% one-year fixed A 2.99% seven-year fixed Both rates are the lowest in the country for their respective terms, and...

Meridian Nukes the Competition With 1.49%

We see great rates every day, but this deal made us utter “wow” out loud. Meridian’s 1.49% 18-month fixed special is the lowest lender-advertised rate in, well, forever. On a...

B2B Bank Now Leads HELOC Pricing

HELOCs (home equity lines of credit) used to be widely available at prime rate. That changed when the credit crisis inflated funding costs and drove up rates as high as...

Investors Group Stuns Market with a 1.99% Variable

You never know where you’ll find a great mortgage deal. Today’s rate of the day (rate of the year, actually) comes from an investment firm, Investors Group. Investor’s Group (IG)...