 Home Mortgage Snapshot |
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| Lender | var | 6mo O | 6mo C | 1yr O | 1yr C | 2yr C | 3yr C | 4yr C | 5yr C | |
| Bank of Montreal | 4.000 | 6.300 | 4.450 | 6.300 | 3.200 | 3.550 | 3.950 | 4.640 | 5.440 | |
| Bank of Nova Scotia | - | 6.450 | 4.550 | 6.500 | 3.650 | 3.890 | 3.990 | 4.390 | 4.990 | |
| CIBC Mortgages | 4.000 | 6.700 | 4.450 | 6.350 | 3.200 | 3.290 | 3.950 | 4.390 | 5.440 | |
| FirstLine Mortgages | - | - | 4.950 | - | 3.240 | 3.550 | 3.590 | 3.790 | 4.040 | |
| HSBC Bank | 4.000 | 6.200 | 4.450 | 6.350 | 3.600 | 3.950 | 4.450 | 4.990 | 5.440 | |
| ING Direct | 3.000 c | - | - | - | 3.090 | 3.150 | 3.190 | 3.250 | 3.490 | |
| Laurentian Bank | - | 6.700 | 4.400 | 6.500 | 3.500 | 3.550 | 3.950 | 4.640 | 5.440 | |
| National Bank | - | 6.700 | 4.450 | 6.300 | 3.500 | 3.550 | 3.950 | 4.640 | 5.440 | |
| President's Choice | - | - | 6.040 | - | 3.140 | 3.200 | 3.240 | 3.300 | 3.540 | |
| Royal Bank of Canada | 4.000 | 6.300 | 4.450 | 6.300 | 3.200 | 3.550 | 3.950 | 4.640 | 5.440 | |
| TD Canada Trust | 4.000 | - | 4.450 | 6.300 | 3.200 | 3.550 | 3.950 | 4.640 | 5.440 |
| SOURCE: CANNEX FINANCIAL EXCHANGES | Prepared by Cannex on May 16, 2012 |
How Much Can You Afford? | Based on 5.8% three-year rate. | |||
| Gross income | Maximum mortgage | Affordable Home | 25% downpayment | |
| $50,000 | $192,419 | $256,559 | $64,140 | |
| $75,000 | $288,630 | $384,840 | $96,210 | |
| $100,000 | $384,840 | $513,120 | $128,280 | |
| $120,000 | $461,808 | $615,744 | $153,936 | |