HomebuyingThe average price of a Toronto condo hits an eye-watering $617,658
Greater Toronto Area home sales up 14.2% in November, prices see highest gains of the year while inventory declines.
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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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HomebuyingAffordability is the most important factor for first-time homebuyers
Affordability and price continue to be the most important factor for many Canadians when it comes to buying a home.