Home Mortgage Snapshot

   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 4.000 6.300 2.890 2.840 3.390 3.890 4.740 
  Bank of Nova Scotia - 6.450 4.550 6.500 3.290 3.090 3.390 3.890 4.490 
  CIBC Mortgages 3.850 6.700 4.450 6.350 2.890 2.840 3.550 4.140 4.790 
  HSBC Bank 3.850 6.200 4.450 6.350 3.540 3.040 3.540 4.240 4.940 
  Laurentian Bank - 6.700 4.400 6.300 2.890 2.840 3.390 3.890 4.740 
  National Bank - 6.700 4.400 6.700 2.890 2.840 3.390 3.890 4.740 
  President's Choice - - 6.190 - 3.190 2.840 3.490 4.040 4.440 
  Royal Bank of Canada 3.850 6.300 3.140 6.300 3.140 3.140 3.700 4.440 4.740 
  TD Canada Trust 3.850 - 3.140 6.300 2.890 2.840 3.390 3.890 4.740 



 
How Much Can You Afford?

Based on 5.8% three-year rate.  
 Gross incomeMaximum mortgageAffordable Home25% 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