Canadian Mortgage Interest

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					Canadian Mortgage and Bond Rates (March 25, 2009)

Canadian Prime Rates
Bank of Canada Prime                           0.05%
Chartered Bank Prime                           2.50%
30-Day Banker's Acceptance                     0.60%

Government of Canada (GOC) Bond Yields
 1 Year                                        0.79%
 3 Year                                        1.52%
 5 Year                                        1.95%
10 Year                                        2.95%

Commercial Conventional Mortgage Interest Rates
 1 Year                                        4.20% to      4.75%
 3 Year                                        4.95% to      5.55%
 5 Year                                        5.35% to      6.00%
10 Year                                        6.50% to      7.50%

Notes and Observations, PR Capital

  Rates and Yields are valid on the date shown and may change without notice.
  The yield curve is steep with a difference between 5 and 10-year GOC bond yields of over 1%.
  Most Lenders are quoting terms of 1 to 5 years. Longer terms are available, although rare.
  Loan to Value's are in the 60 to 70% range, and many lenders are underwriting with higher
  than market Cap Rates, so in essence the loan to values are even lower.