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The interest rate plays a big role

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The interest rate plays a big role in how much a buyer can qualify for.

Various lenders offer various interest rates.

At Certain times one of our bank lenders may have the lowest rate special and at other times it might be a Credit Union or one of our Monoline lenders.  

Having access to all the various lenders allows us to provide the very maximum mortgage amount to your buyer.

Here is an example of the various mortgage amounts a purchaser will qualify for based on a family income of $120,000:

Lender #1

Scotia’s current best 5 year rate of 5.79% over a 25-year amortization qualifies for $467,000 mortgage amount.

Lender # 2

TD’s current 5 year rate of 5.24% over a 25-year amortization qualifies for $489,000 mortgage amount.

Lenders #3 and #4

Monoline lender (Radius) and Credit Union ATB 5 year rate of 4.49% over a 25-year amortization qualifies for $523,000 mortgage amount.

There is a difference of $56,000 in buying power for your purchaser by knowing all the various lender rates. This can make the difference of getting into the home of their dreams or not. The mortgage amounts can be further increased by using a 30 year amortization to qualify on conventional mortgages.

Don't hesitate to reach out to us anytime with any of your questions.


Please see below for a summary of best rates:

Rates at a Glance

·         5 year rate special 4.49%

·         5 year 4.69%

·         4 year 4.99%

·         3 year 4.84%

·         2 year 5.69%

·         1 year 6.04%

·         7 year 5.74%

·         10 year 5.94%

·         Variable Rate Mortgage Prime minus 1%

·         Prime Rate 6.70%

·         Line of Credit at prime

·         12 month builder rate 4.89%


Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS®System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.