
What does the ‘lowest Canadian mortgage rate’ really mean?
While we often get asked what's the best mortgage interest rate in Canada, it's important to understand that quoting mortgage rates are dependent on a number of variables, and more information is always required to answer your question. In other words, there are many rates, and just a few will apply to your specific situation. This article is to help demystify the concept of what the ‘lowest Canadian mortgage rate’ actually means so that you can discern what you might be seeing quoted online or elsewhere, and whether or not that actually might apply to you! We also point out the games that people in the rate-game play.
Read More