December Market Report

December Market Report

  • Larose Team
  • 12/20/18

Mississauga- As we wind down 2018, the big story now is where interest rates are headed for 2019. As early as last month, all indicators were pointing towards 3 more rate hikes over the next 12 to 18 months according to the Bank of Canada. Fast forward to this month- with falling oil prices, trade war threats, a slowing housing market and reduced consumer spending - interest rates don’t look like they are going up anytime soon. ‘We may even see rates fall instead of increase during the next go around’ says Kevin Larose.

Previous rate hikes and tighter mortgage rules have shrunk the prime mortgage market and mortgage revenue is down across all the big banks. So what are the best rates right now- variable rates are looking good as we move into 2019. The best variable new mortgage rate for well qualified borrowers is currently 2.8 percent or less if the mortgage is insured.

This could change quickly again. Based on current mortgage lending rules,see belowfor an overview on mortgage qualification criteria and rates.

*Rates as of December 2018


  • 5-19% Downpayment
  • 25 Year Max Amortization
  • Client Paid Insurance

Lowest Rates

3.39% - Fixed  2.85% - Variable

Conventional Insurance

  • 20% or More Downpayment
  • 25 Year Max Amortization
  • Lender Paid Insurance

In The Middle

3.59% - Fixed  3.1% - Variable

True Conventional

  • 20% or More Downpayment
  • 30 Year Max Amortization
  • No Insurance

In The Middle

3.84% - Fixed  3.35% - Variable

If you are looking at securing a mortgage- or want a second opinion, contact us at the Larose Team and we will put you in touch with our preferred Mortgage Lenders
(905) 278-7355 or email [email protected]




On December 5th, 2018, Options Mississauga celebrated 25 years in business with a gathering of friends and local business owners. Joining in the festivities was our newly elected Ward 1 Councillor Stephen Dasko who participated in the ribbon cutting event launching the new renovations.

Options Mississauga is a registered charity supporting intellectually disabled adults now offering a new intensive training program and employment opportunities in the print business and in store.

For all your printing needs - and more info visit:

Visit Options at 113 Lakeshore Road West, Mississauga


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