If you qualify as a first time home buyer or experience the breakdown of a marriage or common-law partnership the government will loan you between 5% to 10% to put toward your down payment.  

This is traditionally our benchmark for fixed interest rates – looks to be on the rise or just a short term variance?    

Sales 6,928 Average Price $967,885 New Listings 9,430

Depending on the lender you can pay 15% to 20% as a privilege payment each year which goes fully to principal/equity which means you can save on interest costs and pay off your mortgage faster.  Let’s look at an example: Say you took out a mortgage for $300,000 with 30 years to pay it off. […]

‘The Bank of Canada today held its target for the overnight rate at the effective lower bound of ¼ percent, with the Bank Rate at ½ percent and the deposit rate at ¼ percent.’ – Bank of Canada

Sales 7,180 Average Price $932,222 New Listings 5,865

‘The Bank of Canada today maintained its target for the overnight rate at the effective lower bound of ¼ percent, with the Bank Rate at ½ percent and the deposit rate at ¼ percent.’ – Bank Of Canada

Sales 8,766 Average Price $955,615 New Listings 11,545