Money Matters Toronto

Recently I have been getting a lot of questions and interest regarding the Merix 50/50 mortgage available for financing in Toronto. This product is only available through select mortgage brokers in Canada. The current effective rate for this mortgage is 3.37% for 5 years… an amazing deal!
The Merix 50/50 Wise Mortgage is a closed mortgage [...]

Have you been burnt with a variable rate mortgage in Toronto in the past? Don’t think of variable rate mortgages as a long term strategy. There is a feature built into variable rate mortgages which allows you to lock into a fixed rate mortgage with no penalty and no extra cost.
Think about fixed rate mortgages [...]

Toronto Interest Rates
Fixed 3year – 3.39%
Fixed 5year – 4.09%
Variable 5year- P+.30% (2.55%)
Variable 3year – P+.15% (2.40%)
Canadian 5 yr bond yields -0.06 bps to 2.56 – Four weeks ago it was 2.67%. The spread, based on 5 yr fixed rate mortgage of 4.29%,  is at 1.73%.

Pressure on fixed 5 year: down
Financial Post – Markets
Lenders typically like [...]

Toronto Mortgage Interest Rates:
Fixed 5 year – 4.09%
Fixed 3 year – 3.39%
Variable 5 year- 2.55% (effective rate)
Variable 3 year – 2.40% (effective rate)

Canadian 5 yr bond yields -0.03 bps to 2.49 – Four weeks ago it was 2.65%. The spread, based on 5 yr fixed rate mortgage of 4.29%,  is at 1.80%.
Pressure on fixed 5 [...]

As a Toronto Mortgage broker, my clients rely on my advice not only while they are making their financing decisions but also in the years after making the decision to determine whether they are still on the right road and on track.
As such, I pay attention to the economy. One of my favorite areas of [...]

Canadian 5 yr bond yields +0.03 bps to 2.53 – Four weeks ago it was 2.51%. The spread, based on 5 yr fixed rate mortgage of 4.29%,  is at 1.76%.

Pressure on fixed 5 year: Up
Financial Post – Markets
Lenders typically like to keep a spread of 1.80% to 2.00% between their fixed five year rates and [...]

Canadian 5 yr bond yields -0.05bps to 2.61 – Four weeks ago it was 2.52%. The spread, based on 5 yr fixed rate mortgage of 4.29%,  is at 1.68%.

Pressure on fixed 5 year: down
Financial Post – Markets
Lenders typically like to keep a spread of 1.80% to 2.00% between their fixed five year rates and the [...]

Canadian 5 yr bond yields +0.05bps to 2.72 – Four weeks ago it was 2.39%. The spread, based on 5 yr fixed rate mortgage of 4.29%,  is at 1.57%.

Pressure on fixed 5 year: up.
Financial Post – Markets
Lenders typically like to keep a spread of 1.80% to 2.00% between their fixed five year rates and the [...]

Canadian 5 yr bond yields -.08bps to 2.60 – Four weeks ago it was 2.42%. The spread, based on 5 yr fixed rate mortgage of 4.39%,  is at 1.79%.

Pressure on fixed 5 year: Down.
Financial Post – Markets
Lenders typically like to keep a spread of 1.80% to 2.00% between their fixed five year rates and the [...]