My name is Michael Fortin, and I have created this website to provide you with a better understanding of the factors involved in your mortgage decision, and provide tools to make your mortgage experience simpler. Each individual’s circumstances are unique, and this website cannot cover every aspect of importance to you. Please feel free to contact me – at no charge – to discuss your personal circumstances. There is no commitment on your part, and all information is kept confidential.

Mortgage Rates – March 14, 2017

1 Year Fixed 2.34%
2 Year Fixed 2.34%
3 Year Fixed 2.44%
4 Year Fixed 2.64%
5 Year Fixed 2.74%
7 Year Fixed 3.09%
10 Year Fixed 3.69%
5 Year Closed Variable 2.35% 
5 Year fixed promotion rate 2.64% – Conditions apply
4.5 Year Closed Variable 2.10% – Conditions apply

CMHC to Increase Mortgage Insurance Premiums

CMHC is increasing its homeowner mortgage loan insurance premiums effective March 17, 2017. For the average CMHC-insured homebuyer, the higher premium will result in an increase of approximately $5 to their monthly mortgage payment. “We do not expect the higher premiums to have a significant impact on the ability of Canadians to buy a home,” […]


B.C. budget: New homes get transfer-tax cut

A B.C. budget move designed to open up the Vancouver housing market could stimulate homebuilding in Victoria and improve affordability for buyers. The province announced changes Tuesday to the property transfer tax, including an exemption from the tax when buying new homes worth up to $750,000. That change was designed to stimulate the supply side […]


Mortgage rules requiring 10% down on Canadian homes over $500K kick in today

Today is the first day you’ll need to put at least 10 per cent down on a home selling for more than $500,000 in Canada. The new mortgage rules, announced last December by Finance Minister Bill Morneau, are intended to keep housing prices affordable for anyone wishing to enter some of Canada’s hottest real estate markets, such as Toronto […]