Here are some of our current promotions and rate sheet:
CIBC's up to 7% Cashback: can be use as a down payment up to 100% financing.
CIBC $500 Cashback for First time home buyer
Variable closed 2.35% prime + .10%
Fixed:
1 Year/ 2.70%
2 Year/ 3.60%
3 Year/ 3.70%
4 Year/ 3.69%
5 Year/ 3.84%
I hope this finds you Happy and Healthy!
All the Best!
Mark
A. Mark Argentino
P. Eng. Broker
Specializing in Residential & Investment Real Estate
Thinking of Selling? Best Mortgage Rates Current Home Prices Search MLS Newsletter
RE/MAX Realty Specialists Inc.
Providing Full-Time Professional Real Estate Services since 1987
( BUS 905-828-3434
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Wouldn't you call these promotions sub-prime material?
ReplyDeleteGood point! Yes, I believe you could call it a sub prime mortgage as it's below the bank prime rate. We've had subprime mortgages in the past here in Canada.
ReplyDeleteI've written about sub-prime mortgages before here: http://www.mississauga4sale.com/Sub-Prime-Mortgage-Lending-Meltdown-Canada.htm
It's a little different here and hopefully we will not go down the path that our US neighbours recently did.
All the best,
Mark