• Letter, BC Rental Housing Task Force

    Bank of Canada increased it's rate 1/4 % on July 11
    Mortgage Rates increased the same on July 12

    Term, years Rates
    Bank Prime
    Line of Credit
    Qualifying
    1
    2
    3
    4
    5
    5 yr Variable
    7
    10

    Print Rates

    Home 2nd Mortgages


    2nd Mortgages, Prime + 0.5%
    Amount Min Payment / mo.
    $ 20,000 $ 70.00
    $ 25,000 $ 87.50
    $ 30,000 $ 105.00
    $ 35,000 $ 122.50
    $ 40,000 $ 140.00
    $ 45,000 $ 157.50
    $ 50,000 $ 175.00
    $ 55,000 $ 192.50
    $ 60,000 $ 210.00
    $ 65,000 $ 227.50
    $ 70,000 $ 245.00

    % Down Payments
    Amount Premiums
    Gifted 4.50
    5 4.00
    10 3.10
    15 2.80
    20 2.40
    25 1.70
    35 0.60