New 3 year Mortgage Rates at 1.99% !!

Canada's mortgage market was shaken up with a mortgage rate below two per cent on Tuesday as Investors Group unveiled a three-year variable rate mortgage at 1.99 per cent. The market has not witnessned such rate any time in recent history.

The Winnipeg-based financial services firm posted the rate on its website , offering a 36-month term at a variable rate 101 basis points below IG's current prime rate of three per cent.This rate comes with few stings yet it may force other players to stop and take a look.

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Dinesh Kapoor

Dinesh Kapoor

CENTURY 21 Coastal Realty Ltd.
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