Elizabeth McQueen

2-1012 Beach Avenue Vancouver, BC V6E 1T7
Mobile: 604 377 4321 Email Elizabeth

 

 

 

                      Residential Mortgage Rates Effective June 22, 2017

At Gibbard Group Financial we strive to find the BEST mortgage to suit YOUR personal situation. The rates these days are more complicated than ever. Please contact us and we'll do everything we can to make your mortgage as stress-free and simple as possible - at the best rate possible! *(OAC, E & O.E.)

 
Term 
(Fixed) 
PURCHASE and REFINANCE 
RENTAL properties
 
1 Year 
2.34%
2.59%
2 Year 
2.34%
2.49%
3 Year 
2.36%
2.69%
4 Year 
2.49%
2.79%
5 Year 
2.59% - 2.79%
2.94%
7 Year 
3.14%
3.49%  
10 Year 
3.69%  
4.04%
Term (VRM) 
   
5 Year 
P - 0.35%  - P - 0.65%
P - 0.10% 
5 Year (rental)
P - 0.20% 
N/A
3 Year P - 0.40% N/A
          Rates are subject to change without notice. *OAC, E & OE 
 
 Prime Lending Rate   2.70%
 Qualifying Interest Rate   4.64%
 
First Year of Ownership
 
Q: What happens during the first year of ownership AFTER you claim the First-time Buyers' exemption for the Property Transfer Tax (PTT)?
 
A: At the end of the first year you own the property  you will receive a letter from the Government. The letter is to confirm that you meet the occupancy and property value requirements after you buy your home.   To keep the exemption you must:
  • Move into your home within 92 days of the date the property is registered
  • Continue to occupy the property as your principal residence for the remainder of the first year. 
For more details CLICK HERE to check out the Government website on the PTT and exemption rules.