Archive for May, 2009

Mortgage Rates & Home Reno Credit

Friday, May 1st, 2009
 
We know, you don’t want a mortgage…
you want a home!

Homeowners in line for 15% rebate on renos! Canadians will get a tax break worth up to $1350 for home renovations. Eligible expenses includes renovating kitchens, bathrooms or basements, new carpeting or flooring, building additions, decks or retaining walls, installing furnaces or water heaters, interior and exterior painting. 

 

TERM POSTED OUR RATES*
6 Month 4.75% 4.25%
1 Year 3.90% 2.90%
2 Year 4.05% 3.05%
3 Year 4.16% 3.15%
4 Year 4.84% 3.79%
5 Year 5.25% 3.59%
7 Year 6.60% 4.95%
10 Year 6.70% 5.25%
Variable Rate 3.00%
Prime Rate 2.25%

* Rates may vary provincially and are subject to change without notice OAC.
 Rates Last Updated: Thursday, April 30, 2009