Mortgage Rates in Ontario change very frequently. If you want the lowest mortgage rates Ontario can offer, then you have visited the right website. With information about all the mortgage rates Ontario has, your search for the cheapest and most affordable way to own a house has successfully concluded! CompareMyRates.ca helps you find the current best mortgage rates in Ontario in one easy to use location.
Lowest Mortgage Rates in Ontario
With the lowest mortgage rates Ontario has, you can afford your dream home with a lot more comfort. However, your broker or service may not be able to find you these rates as easily, but CompareMyRates.ca can. With a database of all the latest mortgage interest rates Ontario has, you will be able to find one that suits your financial plan in the best way.
Comparing rates among various brokers will let you know if yours is getting you the best deal- and where you can actually go to save even more money. Just enter your mortgage amount and let CompareMyRates.ca do the rest.
Why should I compare mortgage rates in Ontario?
We never buy anything without comparing- be it mobile phones, clothes or even automobiles. However, when we do the same with mortgages, the benefits are even bigger. CompareMyRates.ca gives you an easy and highly efficient way to compare mortgage rates Ontario. This helps you save a lot of time and money with the best mortgage brokers Ontario has, along with the deals that they offer.
Owning your dream house can be a lot more affordable when you get the right mortgage deal- and that is what CompareMyRates.ca will help you find. Just enter your mortgage amount and terms to find and compare the best deals in Ontario.
Housing Market Stats in Ontario
The housing market of Ontario is robust. In one of the recent Merrill Lynch researches, the ratio of home sales is 24 per 1,000 people, significantly higher than 10 is to 1,000 of the rest of the country except British Columbia. Along with the increased demand is the increase in property prices, which experts are not expecting to go down anytime soon.
Speaking of prices, the median sales price of most homes in Ontario is less than $350,000 with price per square feet roughly $250. For those who like to rent, the average price is around $2,000. Toronto remains to be the king in terms of home market sales.
Mortgage Stats in Ontario
In a research by Super Brokers, the mortgage application rate within a year can range from almost 9% to about 10%. However, it significantly differs depending on the time of the year. For example, the busiest quarter is the first, with March as the most popular borrowing time in Ontario.
This is then followed by January, April, and February. The least busiest are the months of October, November, and December, when more likely residents prefer to be more settled and prepare for the holidays than look for or move to other homes. Most of the borrowers are from Toronto with an average loan of about $271,000. Ottawa ranks third with an average mortgage of $215,000.
Along with comparing mortgage rates you can find the best internet providers in your area
Having the biggest gross domestic product (GDP) among all provinces, including Quebec, Ontario plays an extremely important role in Canada’s economy, with manufacturing and service taking the lead. Its diversity also extends to its people, as well as the intricate mixture of rural and urban landscapes, making it an excellent place to live, work, and play.
You can also compare cell phone plans in Ontario.