Self-Employed/Commission lending is the newest area of severe tightening along with further restrictions for borrowers who want Variable Rate Mortgages. You must see the full details to understand the effect on homebuyers, in general and your own capacity to borrow. For full details Click:

New Mortgage Rules

Rates are steady this week with the Best 5 yr fixed mortgage at 3.79% or 3.69% if the deal can close in 30 days or less. Variable is still 1.85% for 5yrs.

WEEKLY E-RATES CLICK HERE

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** Interest Rates are provided for information purposes only and are subject to change at any time without notice.  The products listed above are available only in Canada to Canadian residents.  Rates shown are for single-family residential properties only and are subject to meeting all lender credit granting criteria. Rates shown above may be specific to the sender and some conditions may apply.  E&EO

Mortgage Agent Lic # M08001377* Mortgage Brokerage Lic # MI10428 * The information and opinions contained in this document are obtained from various sources and believed to be reliable, but their accuracy cannot be guaranteed. The publisher assumes no responsibility for errors and omission, or for damages resulting from using the published information and opinions. This document is provided with the understanding that it does not render legal, accounting, or other professional advice. Whole or partial reproduction is forbidden without written permission.