Mortgage Rate Montreal

Financial institutions have many mechanisms to discourage borrowers who wish to benefit from the current low interest rates.
Borrowers wishing to terminate their mortgages are now facing several obstacles even though there exists a law that limits a penalty for a breach of a mortgage contract to three months interest.

Reading the newspaper this week was truly an eye opener, or was it? Headlines in the Montreal Gazette shouted “Montreal home prices climb”, while the national trend actually indicated the contrary. There has been a country wide decline in home prices to the tune of 4.1%, yet in Montreal we have witnessed an increase of [...]