Money Matters Toronto

As part of our business as mortgage brokers in Toronto we also run a private mortgage investment fund called Hansa MIC (Mortgage Investment Fund). Private mortgages are a special and very interesting type of mortgage that most people are not too familiar with.
Although the majority of mortgages are obtained from a bank or other financial [...]

As expected the Bank of Canada announced this morning that they would leave the prime interest rate unchanged, citing economic development to be proceeding as expected. The Bank of Canada has also reiterated it’s commitment to keep the prime rate unchanged until at least July 2010,
pending controlled inflation. Click here to read the full Press [...]

One of our favorite lenders Merix Financial is now offering 3.99% for a fixed 5 year mortgage through their exclusive mortgage broker channel in Toronto. The mortgage must fund before Oct 30th, 2009.
Merix Financial is a true leader in the Canadian mortgage market. Not only do they consistently offer the most competitive rates in the [...]

Here are the Top 10 reasons to use a mortgage broker in Toronto:
#1- Get Independent Advice On Your Financial Options. As an independent mortgage broker in Toronto, I am no tied to any one lender or range of products. My goal is to help you successfully finance your home or property. I’ll start by getting [...]

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 [...]

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 [...]