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2.25% 1-Year Fixed, 2.88% 5-Year Fixed Mortgage Promo and Links

For the readers who are in the market for a mortgage in the near future, My Virtual Mortgage Broker (Canadian Mortgage Trends) is back with more great mortgage offers.  This time around they are offering Canada’s lowest 1-year fixed, 5-year fixed and 10-year fixed rates (that I can find) exclusively for MDJ readers.

Update:  This offer has been extended until October 5, 2012!

What are the rates?  2.25% for 1-year fixed, 2.88% for 5-year fixed, 3.79% for 10-year fixed.  Here are the details:

Million Dollar Journey Exclusive Rate Feature:

* 2.25% 1-year Fixed!
Full-featured from a major bank…

(30-day rate hold; $150k min.; optional credit line; purchases and refinances only; must close by Oct. 30, 2012)

Valid until Oct 5, 2012 barring lender rate increases.

* 2.88% 5-year Fixed!
Full-featured from a major bank…

(30-day rate hold; $150k min.; free switches or optional credit line; must close by Oct. 30, 2012)

Valid until Oct 5, 2012 barring lender rate increases.

* 3.79% 10-year fixed!
Full-featured from a bank lender…

($150k min.; free switches or optional credit line; must close by Dec. 31, 2012)

Valid until Oct 5, 2012 barring lender rate increases.


*  Always unbiased mortgage advice from the Editors of CMT
(Finding you great deals from all the lenders.)
*  No hidden fees
*  Lump-sum prepayments can be made anytime during the calendar year in multiple installments, up to 10%-20% annually depending on the lender
*  Optional payment top-ups up to 20-100% annually based on lender
*  All mortgages are fully portable
*  Up to 95% loan-to-value (LTV) on purchases; 80% on refinances

This is a limited time offer which valid until Oct 5, 2012 for closing before Oct 30, 2012. If you are in the market for a mortgage, you can read more  details here.

Disclaimer:  Canadian Mortgage Trends/My Virtual Mortgage Broker has purchased banner space on MDJ to promote this offer.

Weekend Links

First Signs of the End of the Real Estate Bubble @ Canadian Money Forum

Inspiring Change: The Power of the Pain Point @ Retire Happy Blog

Save Money with Green Cleaning Products @ Sustainable Personal Finance

Bodie and Taqqu Collar Chokes Investment Returns @ Michael James on Money

People Making a Lot of Money Still Don’t Have Enough to Retire @ Lazy Man and Money

Should I Consider Taking a Teaching Sabbatical? @ Young and Thrifty

Skip Commercial Banks! How Cash Only Living Can Work @ The Digerati Life

5 Tips for Better Success as a Landlord @ Balance Junkie

There Goes The Wagon I Fell Off – Request For Help Please @ Canadian Dream Free at 45

How I Save Money on Auto Insurance @ My Own Advisor

When Should you Try to Pay Down Debt? @ Canadian Personal Finance Blog

Should You Tip? @ Brip Blap

Cut back to school costs with these tricks @ Squawkfox

If you would like to read more articles like this, you can sign up for my free weekly money tips newsletter below (we will never spam you).

FT About the author: FT is the founder and editor of Million Dollar Journey (est. 2006). Through various financial strategies outlined on this site, he grew his net worth from $200,000 in 2006 to $1,000,000 by 2014. You can read more about him here.

{ 11 comments… add one }
  • Avatar Michael James September 28, 2012, 10:03 am

    These mortgage rates still amaze me. My first mortgage was at 11%! Thanks for the mention.

  • Avatar Sheryl @ Cdn Dream at 45 September 28, 2012, 10:54 am

    Thanks for the mention!!!

  • Avatar Ed Rempel September 28, 2012, 11:16 am


    Is this a readvanceable mortgage?


  • Avatar Steve September 28, 2012, 11:27 am

    With rates like these, it’s no wonder the housing market keeps rising.

  • FT FrugalTrader September 28, 2012, 11:28 am

    @Michael, my pleasure!

    @ Ed, I believe they can be readvancable – it’s under “options” on their page.

    @ Steve, I agree, these rates are insane.

  • Avatar SST September 28, 2012, 12:47 pm

    @Steve — I posted this in the ‘Student Debt’ article:


    From Ben Rabidoux, creator of the Economic Analyst blog, which looks into housing and mortgage trends:

    “The CMHC has “absolutely been the key driver in the boom in the ownership rate in Canada,” and that this is having an inflationary impact on everyone.

    “Without that government support that’s allowing people with very little down to jump into the ownership pool, you just would not see the ownership rate expanding the way that it is,” he argues. He also believes the CMHC mandate is inherently self-defeating.

    “They don’t provide affordable housing, they provide affordable financing. And when all you do is provide affordable financing, you inflate house prices.”

  • Avatar mark September 28, 2012, 1:43 pm


    How far in advance would you recommend shopping for a mortgage? Mine is up in March.


  • FT FrugalTrader September 28, 2012, 3:35 pm

    @mark, I would start right away to get a feel for what’s out there. Great thing about mortgage rates is that brokers can hold the rate for you for a number of days. I believe when I was shopping for a mortgage, my broker would hold for up to 90 days.

  • Avatar My Own Advisor September 28, 2012, 4:11 pm

    Great rates for folks!

    Thanks for the mention and enjoy your weekend,

  • Avatar Veronica @ Pelican on Money September 28, 2012, 4:37 pm

    Shared, in case anyone can take advantage of this :)

  • Avatar Ross September 30, 2012, 7:23 pm

    Great timing, exactly what I needed, when I need it! Thanks FT!

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