Tuesday, December 6, 2011
| Terms | Banks | Our Rates |
|---|
| 1 Year | 3.50% | 2.75% |
| 2 Years | 3.85% | 2.99% |
| 3 Years | 4.05% | 3.09% |
| 4 Years | 4.79% | 3.19% |
| 5 Years | 5.29% | 3.34% |
| 7 Years | 6.35% | 4.49% |
| 10 Years | 6.75% | 4.79% |
| VIRM | 3.00% | 2.80% |
| The prime rate is 3.00% |
| 
- BoC holds rates, cites deeper euro crisis
Dec 06, 2011— The Bank of Canada kept its overnight interest rate at 1 percent on Tuesday, as expected, and gave no suggestion of an impending rate cut even though its view of the European debt crisis has clearly darkened.
- Housing market to continue to defy logic
Dec 06, 2011— Even one of Canada's leading real estate companies agrees the rising housing market may not appear to make much sense. But appearances are deceiving and Re/Max says both sales and average prices will continue to climb in 2012.
- Canada's building permits soar in October
Dec 06, 2011— The value of Canadian building permits unexpectedly soared by 11.9% in October from September, as strength in the populous province of Ontario helped end three consecutive monthly falls, Statscan data indicated on Tuesday.
- Fixed-rate mortgage could be your best bet
Dec 05, 2011— It's a decision that millions of Canadian homeowners struggle with repeatedly during their time as homeowners: Do they choose the security o f a fixed-rate mortgage, or opt for the flexibility (and usually lower cost) of a variable rate and hope that rates don't spike higher? But right now, conditions in the mortgage market mean homeowners can actually get the best of both worlds, according to market-watchers.
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