What is the best available mortgage rate available to canadians right now?

November 23, 2009, 5:01 pm
Question
What is the best available mortgage rate available to canadians right now. I am looking to get preapproved for a 5 year term with a fixed interest rate. Thanks
Answer
Currently 5.05% or 5.09% fixed 5 year rate. The last two times when I renewed with my bank (TD canada trust), I used canadamortgage.com and a couple of other local mortgage broker sites to get their best rates and then asked and got my bank to match their competative rate. If your bank won`t match, use a local mortgage broker for your mortgage.





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