Mortgage Rates For Vancouver, BC
Updated As Of: September 2, 2010
Current Points of Interest:
- Rates not far off of all time low. Both fixed and variable rates will undoubtedly be heading up from where they are now. Could be good time to buy, renew, or refinance.
- Still thinking about a variable rate mortgage? Ensure your mortgage broker prepares ALL potential future payment scenarios for you
- Budget for all closing costs in advance (e.g. property transfer tax, legal, home inspection, appraisal, etc.)?
Benchmark rate for mortgage qualification = 5.39%
Which option is best for you?
| Fixed Rate Mortgages |
Variable Rate Mortgages |
|||
| Term | Rate | — |
Term | Rate |
| 1 Year | 2.70% | 3 Year (Prime – 0.50%) | 2.25% | |
| 3 Year | 3.70% | 5 Year (Prime – 0.60%) | 2.15% | |
| 5 Year | 3.99% | *Promo (Prime – 0.70%) | 2.05%* | |
| Bank Prime | 2.75% | |||
| *3 Year | 2.90%* | Next Bank of Canada Meeting | ||
| *5 Year | 3.69%* | September 8, 2010 | ||
* Rate promotion. Additional offers may be available.
- Rates subject to change by lender without notice, OAC
- Rates for rental properties and self-employed clients may vary slightly from those above, ask for more details
What can you expect to pay per month for your mortgage?
- Use these mortgage calculators to get an estimate of what your mortgage payment will be. However, to confirm you can be approved for both the mortgage, rate, and term you would like, please contact me directly.
- Download and save these files (pictures) to your phone for convenient and easy to refer to tables to estimate your monthly mortgage payment for various mortgage amounts and interest rates (Click on each image to open each file. Then right click on each image to save locally in your computer or phone. Alternatively you can email me and I can send you the files directly).
| *5 Year | 3.69%* | September 8, 2010 |
