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 | 4.750 | 8.010 | 6.210 | 8.300 | 6.950 | 7.000 | 7.000 | 6.990 | 7.150 | |
| Bank of Nova Scotia | 4.750 | 8.450 | 6.600 | 8.700 | 6.550 | 6.650 | 6.650 | 6.990 | 7.150 | |
| CIBC Mortgages | 4.750 | 9.150 | 7.100 | 9.240 | 6.400 | 6.550 | 6.550 | 6.840 | 6.950 | |
| Citibank | - | 8.400 | 6.600 | 9.100 | 6.950 | 7.000 | 7.000 | 6.990 | 7.150 | |
| FirstLine Mortgages | - | - | 7.800 | - | 7.200 | 6.050 | 5.950 | 6.000 | 5.890 | |
| HSBC Bank | 4.750 | 8.010 | 6.210 | 9.100 | 6.750 | 6.750 | 6.750 | 6.990 | 7.150 | |
| ING Direct | 4.200 c | - | - | - | 5.300 | 5.250 | 5.500 | 5.550 | 5.550 | |
| Laurentian Bank | - | 8.400 | 6.500 | 8.800 | 6.400 | 6.650 | 6.650 | 6.900 | 7.100 | |
| National Bank | - | 8.400 | 6.500 | 8.800 | 6.500 | 6.650 | 6.650 | 7.000 | 7.000 | |
| President's Choice | - | - | 6.990 | - | 6.390 | 5.700 | 5.700 | 5.690 | 5.690 | |
| Royal Bank of Canada | 4.750 | 8.400 | 6.600 | 8.800 | 6.650 | 6.650 | 6.650 | 6.990 | 7.150 | |
| TD Canada Trust | 4.750 | - | 6.200 | 9.100 | 6.950 | 7.000 | 7.000 | 6.990 | 7.150 |
| SOURCE: CANNEX FINANCIAL EXCHANGES | Prepared by Cannex on July 04, 2008 |
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 | |