Lowest Mortgage Rates in History: What It Means for Homeowners and Buyers
Posted on Aug 04, 2020 in Home Buyer
The interest rate on Canada’s most popular mortgage, the five-year fixed rate, has fallen to its lowest level in history. In early June, HSBC made headlines when it began offering Canadians a five-year fixed-rate mortgage below 2%. Multiple brokers followed suit, and some are now advertising even lower rates. And while many Canadians have rushed to...