Categories for Hot Rates

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. This time, Ontario’s largest credit union is running a 1.50% special on...

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 crave extra yield (and who doesn’t), Oaken Financial’s current promo...

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 on the up escalator. Not this time. Instead, 5-year fixeds...

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 it. Earlier today, intelliMortgage (a brokerage related to this website)...

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 largest credit union just announced a strikingly low 1.69% one-year...

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 the lowest in recent memory for a major bank. But one...

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 $250,000 mortgage it’ll save you about $4,000—over the first 18 months—versus...

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 prime + 1.50% and up. Now, five years after the...

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) has just launched a 1.99% three-year variable. That’s the lowest...