Our Spring campaign is here with Cash Back on purchases and switches until Jun 30 application date, and must fund within 130 days:
- Clients can receive up to $4,200* Cash Back (*see attached for terms and conditions)
- Spring is the busiest time of year for purchases and BMO has longest rate guarantee of 130 days vs all the major CDN banks. Get pre-approved now with no commitment.
- Many clients are renewing over the next few months and will face a cash flow shock with higher rates = higher payments. Talk to me about solutions and effective business building ideas.
Market update:
- Lower Mainland home prices and sales increased M/M in Feb vs Jan, and decreased Y/Y as expected (Feb 2022 was the peak). Links available upon request.
- Rates have remained basically flat since last month.
- No rate change from Bank of Canada last week. Next meeting and announcement Apr 12.
Mortgage Rates Mar 10/2023 (subject to change without notice) | |||||||
Spring 2023 Cash Back Promotion Mar 13- Jun 30 (app date) Minimum 3yr term, see attached | |||||||
Prime rate 6.70% | 1yr | 2yr | 3yr | 4yr | 5yr | 5yr | |
Type /Yr | fixed | fixed | fixed | fixed | fixed | variable | |
Default Insured 25yr < 20% down | 5.99% | 5.65% | 5.07% | 5.01% | 4.96% | 6.18% | |
25yr amortization > 20% down | 6.07% | 5.75% | 5.19% | 5.12% | 5.08% | 6.29% | |
30yr amortization > 20% down | 6.07% | 5.75% | 5.28% | 5.22% | 5.18% | 6.34% | |
25yr Readiline (w/HELOC @ P+0.5%) | 6.07% | 5.75% | 5.19% | 5.12% | 5.08% | 6.29% | |
30yr Readiline (w/HELOC) @ P+0.5%) | 6.07% | 5.75% | 5.28% | 5.22% | 5.18% | 6.34% | |
for rentals add 0.10% | |||||||
| Attachment | Size | Type |
|---|---|---|
| BMO 2023 Spring Switch Offer.pdf | 3.08 MB | application/pdf |
| BMO 2023 Spring Purchase Offer.pdf | 3.34 MB | application/pdf |