Nominated for Best Mortgage Broker in Canada every year

Home Mortgage Rates

Term Rate
Prime 3.00%
Variable 2.34%
1 Year 2.88%
3 Year 2.58%
4 Year 2.82%
5 Year 2.89%
10 Year 4.38%

Qualifying Rate

May 25 4.87%

Current Inflation

Apr 2.0%

5 Year Bond Yield

May 25 1.57%

Next Bank of Canada Meeting
April 16th, 2014

 

Special conditions apply

Mortgage Rates subject to change.

Next Bank of Canada Meeting
April 16th, 2014

 

Special conditions apply

Mortgage Rates subject to change.

Special conditions apply
Mortgage Rates subject to change.


Buying on speculation

Certainly not the safest real estate investment concept but one that was been very successful for people in the past. Buying real estate on speculation essentially means you plan to make your capital (sale revenue) from the equity growth of the property, rather than obtaining a tenant and waiting for the years to pay off the mortgage. Purchasing pre-sale, waiting a few years and selling before completion is a perfect example. You are required to pay the deposit up front but that’s it. This has proven to be lucrative at times but quite the opposite when the property values decline. Remember to always be prepared (qualified) to complete the sale and be cognizant of the fact that the property value could decline instead of increase.