COUNTRYSIDE FINANCIAL LENDER’S MORTGAGE RATES AS OF

6 March 2024

Bank of Canada Benchmark Rate is currently 5.25% -> [http://www.bankofcanada.ca/rates/daily-digest/]

Bank of Canada Prime Lending Rate with mortgage lenders is currently 7.20% (TD Canada Trust prime is 7.35%).

Current CMHC Mortgage Loan Insurance Premiums -> https://www.cmhc-schl.gc.ca/en/co/moloin/moloin_005.cfm

FIXED RATE TRADITIONAL MORTGAGES – INSURED (HIGH-RATIO 5-20% D/P OR LOW-RATIO INSURED/INSURABLE)

Term Bank Posted Rate Best Rate
1 year [6 month] 7.84% [7.94%] 6.93% [7.55%]
2 years 7.34% 6.37%
3 years 6.99% 5.86%
4 years 6.79% 5.62%
5 years 6.84% 5.24-5.62%  *HIGH RATIO SPECIAL 4.94%  
7 years 7.10% 6.09%   
10 years 7.25% 6.14%

FIXED RATE TRADITIONAL MORTGAGES – UNINSURED (CONVENTIONAL >20% D/P; REFINANCE, RENTAL PROPERTY, >25 YEAR AMORTIZATION).

Term Bank Posted Rate Best Rate
1 year [6 month] 7.84% [7.94%] 7.03% [7.65%]
2 years 7.34% 6.47%
3 years 6.99% 5.96%
4 years 6.79% 5.72%
5 years 6.84% 5.54-6.29% *Low LTV From 4.99%*
7 years 7.10% 6.19%
10 years 7.25% 6.24%
 OAC. All rates & rules subject to change without notice.  Special discounted rates may be subject to certain terms & conditions. These rates are provided for informational purposes as rates available in the marketplace; please get in touch with us to see your eligibility for any promo’s or additional discounts. 

REVERSE MORTGAGES

Realtor Info Sheet from Candace

Income Advantage | CHIP
6 month Traditional Banks     —     | 5.86%*
1 year Cannot 4.99% | 5.50%*
3 years Help You 5.19% | 5.19%*
5 years With A Reverse Mortgage! 5.29% | 5.29%*

VARIABLE RATE TRADITIONAL MORTGAGES

VARIABLE RATE TRADITIONAL MORTGAGES – INSURED (HIGH-RATIO 5-20% D/P OR LOW-RATIO INSURED/INSURABLE)

Term Bank Posted Rate Our Rate
Prime Rate 7.20% | TD is 7.35% 7.20% | TD is 7.35%
3 Year N/A N/A
5 Year Prime + 0% Prime -.55% *SPECIAL Prime – .95%*
Open Prime + .80% Prime + .80%

VARIABLE RATE TRADITIONAL MORTGAGES – UNINSURED (CONVENTIONAL >20% D/P; REFINANCE, RENTAL PROPERTY, >25 YEAR AMORTIZATION)

Term Bank Posted Rate Our Rate
Prime Rate 7.20% | TDCT is 7.35% 7.20% | TD is 7.35%
3 Year N/A N/A
5 Year Prime + 0% Prime – .10% *Low LTV Prime -.90% & Up*
Open Prime + .80% Prime + .80%
Home Equity Line of Credit Prime + 1.0% Prime + .50% & Up *SPECIAL PRIME +.20%*
2nd Mtg – Home Equity Line of Credit Prime + 1.0% Prime + 1.0% & Up
 OAC. All rates & rules subject to change without notice.  Special discounted rates may be subject to certain terms & conditions. These rates are provided for informational purposes as rates available in the marketplace; please get in touch with us to see your eligibility for any promo’s or additional discounts. 

REVERSE MORTGAGES

Variable No Bank Rate Prime + 1.75% | 5.20%

PRIVATE LENDING & PERSONAL LOANS

PRIVATE MORTGAGE – RATE & FEE DETERMINED CASE BY CASE – Please contact us for more details.