May 9, 2012
Mortgage arrears rate highest in Alberta
CALGARY — The mortgage arrears rate in Alberta is by far the highest in the country, according to the CIBC Household Credit Analysis report released Wednesday. In January, the rate in Canada was 0.4 per cent while in Alberta it was 0.7 per [...] read more...
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Apr 13, 2012
How To Use Your Line of Credit the Right Way
How to use your line of credit the right way Jason Heath Apr 13, 2012 When used responsibly, home equity lines of credit can help facilitate investments, improve tax-efficiency and provide liquidity. But when credit lines are used for household appliances, [...] read more...
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Apr 4, 2012
Flaherty calls on banks to 'fix' mortgage market
Flaherty calls on banks to 'fix' mortgage market Canada's finance minister said on Wednesday he would rather not tighten mortgage rules again to curb high household debt and that banks themselves are taking on that job by becoming more strict with their [...] read more...
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| Term |
Rate |
| Prime Rate (P) |
3.00% |
| Closed Variable |
P-.25% |
| Open Variable |
P + .80% |
| 6 Month Closed |
4.45% |
| 1 Year Closed |
2.99% |
| 2 Year Closed |
3.09% |
| 3 Year Closed |
3.19% |
| 4 Year Closed |
3.25% |
| 5 Year Closed |
3.19% |
| 7 Year Closed |
3.99% |
| 10 Year Closed |
3.99% |
as of May 18, 2012 rates subject to change without notice, OAC, E&OE |
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