Learn more about Canadian mortgage rates, rules and the latest news – read on!
Latest News
Mortgage Expert alert: Why Canadian housing seems unaffordable in 2026: A 35-year real estate disconnect + MORE Jun 5th
The dream of home ownership in Canada appears distant in today’s mathematical reality. Housing costs account for nearly 30% of household income. Older generations survived 12–18% interest rates in the 1980s and early 1990s. At the time, home prices equaled two or three years of household income..... More »
AKAL launches AKAL Canada brand to drive national expansion Sep 25th
After 25 years training brokers in Ontario, AKAL Mortgages is extending its model across the country with the launch of AKAL Canada..... More »
Ask the Expert: The homeowner’s debt dilemma — should you go Bankruptcy or Consumer Proposal? Nov 24th
If you’re a homeowner facing the crushing weight of debt, you’re probably aware the two most dramatic debt resolution solutions: Bankruptcy and Consumer Proposal (CP).
A Consumer Proposal is often recommended because it is seen as gentler and less damaging than bankruptcy. But .... More »
Downsizing vs reverse mortgage: which option is right for you? + MORE Feb 3rd
For many Canadians approaching retirement, their home is by far their largest asset. With detached homes in major cities selling for well above $1 million, it’s not surprising that owners expect to tap into that equity to help fund their golden years, prompting the common refrain: “My home is my.... More »
Feds propose changes to spread mortgage risks + MORE Oct 22nd
OTTAWA – The federal government formally launched consultations Friday to explore potential changes that would shift some of the financial risk tied to insured mortgages from the shoulders of taxpayers to lenders, such as the banks.
Under Canada’s current system, lenders are able to transfer vir.... More »
Investors Group Introduces 1.99% 3 Year Variable Mortgage Rate
– ratesupermarket.ca
Investors Group has joined the mortgage rate-cutting fray, introducing a jaw-dropping 1.99 per cent rate variable rate to the market. It’s one of the lowest variable rates ever seen in Canada (our site saw a dip as low 1.60 per cent in May 2010), and sure to catch the interest of house hunters in what has already been a competitively-priced spring home buying season.
Rate Details
This promotional three-year rate, which is priced 40 basis points below the next lowest 3-year variable offering, is available only for new Investors Group mortgage customers, and it’s not clear at this point how long the deal will be offered.
It is available to high-ratio buyers (those paying less than 20 per cent down on their home purchase).
There are no minimum payment restrictions in order to qualify, and the mortgage is applicable to owner occupied properties, rental properties, cottages, and condos.
The rate is not available for renewals or refinances of any kind, and can only broken in the case of a home sale…
IG’s 1.99%. Some Odds of Note
– canadianmortgagetrends.com
Investors Group’s 1.99% variable-rate special is already making life harder for competitors. Clients are contacting their bankers and brokers and asking, “Is this mortgage right for me?” and “Can you…
A New Low Rate Rally
– ratesupermarket.ca
The Canadian finance product landscape is always evolving, and this week was no exception, with a few major shakeups among the credit card and mortgage markets. Investors Group stormed the home buying scene with the lowest rate so far this season – a sub-2% variable rate, sure to turn heads among an already competitive rate environment.
Fans of prepaid credit cards also have reason to smile, as the federal government has done away with frustrating hidden fees and misleading packaging. Be sure to check out our coverage on the recent changes.
Investors Group Introduces 1.99% 3-Year Variable Mortgage Rate
It’s one of the lowest variable rates ever seen – should you take the opportunity to score your mortgage at this rate? Investors Group made headlines this week with their 1.99% jaw dropper – but while such a rate offers fantastic savings, there are restrictions consumers should be aware of. Check out our breakdown of this mortgage product’s features, and see if it’s a fit for your home financing plan…
