Today’s Rates

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Marathon Mortgage Corp.

Bank

6 Mon Fixed
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Marathon Mortgage Corp.

Bank

6 Mon Fixed
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NEO Financial

Bank

6 Mon Fixed
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Meridian Credit Union Ltd.

Bank

3 Yr Fixed
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Meridian Credit Union Ltd.

Bank

5 Yr Variable
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Home Trust

Bank

5 Yr Adjustable
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Meridian Credit Union Ltd.

Bank

3 Yr Fixed
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Marathon Mortgage Corp.

Bank

5 Yr Fixed

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Frequently Asked Questions

Why don’t all banks have the same mortgage rates?

 Mortgage rates differ because each lender assesses risk in their own way. Some lenders reserve their best rates for clients with strong financial profiles — stable income, excellent credit, and larger down payments. Others may offer lower “teaser” rates that increase after a few months. Beyond the rate, the fine print matters: penalties, prepayment options, and terms can vary widely. A mortgage broker can compare these details for you to find the mortgage that truly fits your long-term needs.
👉 Contact us today to compare mortgage options across multiple lenders.

 For most mortgages with major banks and credit unions (known as “A” lenders), there are no broker fees — the lender pays the broker directly so you don’t have to. For alternative or private mortgages, fees may apply depending on the complexity of your situation. If fees are required, our brokers will always disclose them upfront before you commit, so there are never any surprises.
👉 Ask us about your situation — we’ll explain any fees upfront so you know exactly what to expect.

How much you can borrow depends on your income, debts, credit score, and down payment. Because each lender calculates these factors differently, the amount can vary significantly. Online calculators are a good starting point, but only a pre-approval confirms your true borrowing power. A mortgage broker can shop multiple lenders on your behalf and apply their rules to your situation, so you know exactly what price range you can afford.
👉 Start your free pre-approval today and find out how much you can borrow with confidence.

The minimum down payment depends on the purchase price:

  • 5% for homes up to $500,000.

  • 10% for the portion of the price between $500,000 and $1,499,999.

  • 20% for homes $1.5 million or more.

Your down payment also determines whether mortgage default insurance is required.
👉 Not sure how much you’ll need? Contact us and we’ll walk you through your options.

 Mortgage default insurance protects the lender if a borrower cannot make their mortgage payments. In Canada, this insurance is required when your down payment is less than 20% of the home’s purchase price. The premium is added to your mortgage and depends on the size of your down payment, with smaller down payments leading to higher premiums. While it doesn’t protect the homeowner, it allows buyers to purchase a home with as little as 5% down.
👉 Ask us to calculate your mortgage insurance premium before you buy.

A fixed rate gives you stability — your payments stay the same for the term, making it easier to budget. A variable rate usually starts lower and may save you money if rates drop, but your payments or amortization could rise if rates increase. The right choice depends on your financial goals, risk tolerance, and comfort with market changes.
👉 Book a free consultation and we’ll help you decide which rate type is right for you.

The mortgage stress test is a rule designed to ensure borrowers can afford their mortgage even if interest rates rise. When you apply for a mortgage, the lender will assess your ability to make payments at the greater of the Bank of Canada’s qualifying rate (currently 5.25%) or your contract rate plus 2%. This reduces the amount you qualify for, but provides a safety buffer so you don’t overextend financially.
👉 Talk to us about how the stress test impacts your borrowing power.

Closing costs are the additional expenses you need to pay when finalizing your home purchase, on top of your down payment. These typically range from 1.5% to 4% of the purchase price and can include legal fees, land transfer taxes, title insurance, and appraisal fees. Planning ahead for these costs ensures there are no surprises on closing day.
👉 Reach out for a full breakdown of the closing costs you should expect.

A bank can only offer its own mortgage products, while a mortgage broker has access to multiple lenders, including banks, credit unions, and alternative lenders. This gives brokers the ability to shop around on your behalf for the best rates and terms to match your situation. Brokers can also help clients with unique circumstances, such as being self-employed or having less-than-perfect credit, where a single bank may not have a suitable option.
👉 Contact us to see how a broker can get you better rates and more options than the bank.

Speak with a REAL person

Why work with Us

Flexible Solutions

Unique options for first-time buyers, self-employed, or those with credit challenges.

Free Service for A-Lender Clients

No fees during the off-charge period when choosing A-lender mortgage solutions

Save Time & Money

We do the research, paperwork, and negotiations—so you don’t have to.

Ongoing Support

We’re here even after your mortgage is signed — with continued support, renewals, and advice when you need it.

Access to the Best Rates

Brokers negotiate exclusive deals you won’t find at banks.

More Mortgage Options

Compare multiple lenders to find the perfect fit for you.

Expert Guidance

Personalized advice to match your financial goals.

Faster Approvals

Streamlined applications get you approved sooner.

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DLC Silver Leaf Financial Group Inc.
(Lic. #13415) Independently Owned and Operated
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