Best mortgage rates for Mississauga on RateSupermarket.ca
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Toronto area (including Mississauga) Mortgage Rates Will Remain Relatively Flat
The Canadian Mortgage and Housing Corporation (CMHC) has reported in their latest Great Mississauga Housing Association Market Outlook that posted mortgage rates eased by about 50 basis points in the first four months of this year, although rates in late April were 30 to 35 basis points higher than they were 12 months prior. Mortgage rates are expected to trend marginally lower throughout 2008, but will be within 25-50 basis points of their current levels. For 2009, posted mortgage rates will begin to drift up slightly as the year progresses. For 2008 and 2009, the one-year posted mortgage rate is forecast to be in the 6.50- 7.50 per cent range, while three and five-year posted mortgage rates are forecast to be in the 6.75-7.50 per cent range.
Mississauga Real Estate 2008 Forecast
A recent report on Mississauga real estate stated, "As we move into the new year, activity levels are expected to wane from the frantic pace that many regions of the country experienced in 2007. However, average house prices in Canada (including Mississauga) are expected to continue to rise, but at much more moderate pace. Royal LePage is forecasting Canadian home prices to rise by 3.5 per cent in 2008. The number of transactions is forecast to slip by four per cent to just over half a million - still above the number of sales in any year before the record pace of 2007. Toronto area house prices should also increase by 3.5 per cent in 2008."
CMHC Mississauga housing market & Mississauga mortgage rate forecast
Census Metropolitan Area Total Housing Starts MLS sales MLS average price Mortgage rates (1 year) Mortgage rates (5 year)
2007
33,293
95,164
$377,029
7.35%
7.54%
Toronto
2008 (F)
35,000
84,000
$394,000
6.95%
7.01%
2009(F)
33,600
77,000
$404,000
6.83%
6.97%
Source = CMHC MLS = Multiple Listings Service
Mortgage lender's and mortgage broker's rates that we compare in Mississauga, Ontario, Canada
RateSupermarket.ca compares the most mortgage rates in Mississauga, Canada from the top lenders including banks, credit unions, trusts, and are also the only site to compare Mississauga mortgage broker's rates. RateSupermarket.ca compares mortgage rates from the following:
AGF Trust Alterna Bank Alterna Savings Bank of Montreal Bank of Nova Scotia Bridgewater Bank Caisses Desjardins Canadian Tire Financial Services Canadian Western Trust Cataract Savings & Credit Union CIBC Mortgages Citibank Citizens Bank of Canada Comtech Credit Union Concentra Financial DUCA Financial Services Effort Trust Equitable Trust First National Financial FirstLine Mortgages FirstOntario Credit Union Home Trust Company HSBC Bank Canada ICICI Bank Canada ING Direct Investors Group Trust Lambton Financial Credit Union Laurentian Bank Canada Libro Financial Group London Life Manulife Bank MCAP Meridian Credit Union National Bank Ontario Civil Service Credit Union PACE Savings and Credit Union Parama Credit Union Peace Hills Trust PC Financial Promutuel Capital ResMor Trust Royal Bank of Canada So-Use Credit Union Steinbach Credit Union TD Canada Trust True North Mortgage Virtual One Credit Union Windsor Family Credit Union Your Credit Union Your Neighbourhood Credit Union
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