Toronto-Dominion Bank cut its four-, five-, seven and 10-year fixed rate mortgages to 4.99 per cent (-0.15 per cent, 5.34 per cent (-0.10 per cent), 6.14 per cent (-0.20 per cent) and 6.50 per cent (-0.15 per cent) respectively.
TD also cut its four-, five-, seven-and 10-year closed special fixed rate offers to 4.19 per cent (-0.15 per cent), 4.09 per cent (-0.10 per cent), 4.79 per cent (-0.20 per cent) and 4.99 per cent (-0.20 per cent) respectively.
Canadian Imperial Bank of Commerce cut its four-, five-, seven-and 10-year closed mortgages to 4.99 per cent (-0.15 per cent), 5.34 per cent (-0.10 per cent), 6.50 per cent (-0.20 per cent) and 6.60 per cent (-0.15 per cent).
National Bank adjusted its four-and five-year closed fixed-rate mortgages to 4.99 per cent (-0.15 per cent) and 5.34 per cent (-0.10 per cent). It also cut the 10-year closed mortgage to 6.40 per cent (-0.25 per cent) and the variablerate closed capped mortgage to 5.34 per cent (-0.10 per cent).
| Financial Institution | 3 Yr | 5 Yr | 7 Yr | 10 Yr | 5 Yr Variable |
CENTUM Primo** | 3.35 | 3.89 | 5.65 | 5.50 | 2.30 |
Concentra | 3.80 | 4.09 | N/A | N/A | 3.00 |
| First National | 3.80 | 4.04 | 4.79 | 4.99 | 2.30 |
| FirstLine | 3.80 | 3.89 | 4.99 | 5.19 | 2.35 |
| Home Trust | 4.09 | 4.69 | N/A | N/A | 3.00 |
| ING | 3.89 | 4.04 | 5.10 | 5.40 | 2.25 |
| MCAP | 3.89 | 3.84 | 5.10 | 5.40 | 2.35 |
| Scotia | 3.80 | 4.04 | 5.10 | 5.69 | 2.85 |
| Street Capital | 3.80 | 4.09 | N/A | N/A | 2.30 |
| TD | 3.80 | 4.04 | 4.79 | 4.99 | 2.35 |
| ResMor | 3.74 | 3.94 | N/A | N/A | 2.65 |
| Lendwise | 3.35 | 3.80 | N/A | N/A | 2.60 |
Rates Effective as at: Mar 17, 2011
Prime Rate: 3.00%
Qualifying Rate: 5.44%
If you have any questions about Canada mortgage rates and Toronto real estate, call Alexandre Malkhassiants, Sales Representative and Mortgage Specialist. Right at Home Realty Inc., Real Estate Brokerage.
Office: (416) 391-3232. Cell: (416) 723-9383.
E-mail: amalkhass@rogers.comWebsite: Toronto real estateWebsite: Ontario real estateBlog: Lowest Canada mortgage rates<>
MORTGAGE RATES ARE DROPPING
![MORTGAGE RATES ARE DROPPING]()
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