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June 23, 2017
No Change in Overnight lending rate
Rate remain same as low 0.5% Bank of Canada
Rates Effective as at: June 23, 2017
Prime Rate: 
2.70%
 

Qualifying Rate: 4.64%

First National 2.44 2.44 3.44 3.84 2.05
Home Trust 2.59 2.79 N/A N/A 2.35
Manulife One N/A 2.54 N/A N/A N/A
Manulife Bank Select N/A 2.39 N/A N/A 2.05
MCAP 2.34 2.44 3.79 3.84 2.00
Merix N/A 2.49 6.25 6.45 2.00
Scotia Express 2.59 2.89 3.24 3.79 2.60
Street Capital 2.59 2.49 N/A N/A 2.00
TD 2.36 2.59 2.89 3.29 2.10
Xceed 2.29 2.34 N/A N/A N/A

www.PeelMortgage.com
New mortgage rules go into effect, part of Liberal plan to limit risks
 
Canadians looking to buy homes between $500,000 and $1-million will have to put down larger down payments as new federal rules took effect Monday.
Under the changes, home buyers must now put at least 10 per cent down on the portion of a home that costs more than $500,000.
Buyers can still put down five per cent on the first $500,000 of a home purchase. Homes that cost more than $1-million still require a 20 per cent down payment.