 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 | 3.050 | 6.450 | 4.650 | 6.800 | 3.700 | 3.950 | 4.450 | 5.290 | 5.780 | |
| Bank of Nova Scotia | - | 6.500 | 4.650 | 6.750 | 4.550 | 4.350 | 4.750 | 5.300 | 5.840 | |
| CIBC Mortgages | 3.050 | 6.700 | 4.650 | 6.450 | 3.800 | 3.950 | 4.450 | 5.290 | 5.840 | |
| Citibank | - | 6.450 | 4.650 | 6.750 | 3.800 | 3.950 | 4.450 | 5.290 | 5.780 | |
| FirstLine Mortgages | - | - | 7.900 | - | 2.950 | 3.600 | 3.890 | 4.390 | 4.640 | |
| HSBC Bank | 3.000 | 7.000 | 5.200 | 7.450 | 4.500 | 5.000 | 5.150 | 5.440 | 5.840 | |
| ING Direct | 2.250 c | - | - | - | 2.950 | 3.490 | 3.590 | 4.090 | 4.190 | |
| Laurentian Bank | - | 6.450 | 3.850 | 6.800 | 3.750 | 3.950 | 4.450 | 5.300 | 5.850 | |
| National Bank | - | 7.000 | 3.750 | 7.250 | 3.750 | 3.950 | 4.450 | 5.290 | 5.840 | |
| President's Choice | - | - | 6.840 | - | 2.900 | 3.400 | 3.640 | 4.140 | 4.390 | |
| Royal Bank of Canada | 3.250 | 6.450 | 4.650 | 6.450 | 3.800 | 3.950 | 4.450 | 5.290 | 5.740 | |
| TD Canada Trust | 3.050 | - | 4.600 | 6.550 | 3.750 | 4.050 | 4.600 | 5.290 | 5.780 |
| SOURCE: CANNEX FINANCIAL EXCHANGES | Prepared by Cannex on November 07, 2009 |
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 | |