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| Mortgages
Rates Prime is 3.5% Variable Prime: 4.1% |
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| 6 mo. | 4.75% | |
| 1 yr | 4.49% | |
| 2 yr | 5.35% | |
| 3 yr | 5.15% | |
| 4 yr | 4.9% | |
| 5 yr | 4.99% | |
| 7 yr | 6.20% | |
| 10 yr | 6.4% | |
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| First Time | Buying Process | Closing | Fees | CMHC | $$$Down |
| Buying Real Estate - CMHC Canadian Mortgage and Housing Corporation Guidelines
All mortgages made with a down payment less than 25% of the purchase
price are required to have loan insurance under the national housing
act.
You don't have to be a first time home buyer to be able to buy with only 5% down. 95% financing is available to all buyers of a principal residence up to $250,000 in the lower mainland. The mortgage loan insurance can be added to the amount of the mortgage. CMHC will also finance home improvements at the time of purchase.
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