HomebuyingHow COVID-19 has affected homebuying and the mortgage market in Canada
Decline in home purchases. Increase in mortgage renewals. Here’s what Canadians were up to during the lockdown.
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About fixed open mortgage rates.
Get flexibility and security with a fixed open mortgage. Fixed open mortgages let you lock in a rate for a set duration of time while also letting you pay off as much of your mortgage as you want, when you want. Fixed open mortgages are a popular option for borrowers who may need to sell their home in the future or for borrowers who expect to be able to make a lump sum payment during the term.
Short-term (6 months to a year) fixed open mortgages are also great if you want to stay flexible while you wait to see where interest rates are headed.
At LowestRates.ca, you can find the best fixed open mortgages currently available in Canada. Start comparing by selecting a product from the rate chart above.
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HomebuyingEllen Roseman: Will COVID-19 burst Canada’s bubbly housing market?
There is a surplus of predictions, forecasts and conjectures, but consensus is a rare commodity.