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2.99% for a 5 Year Fixed Mortgage? The Catch Explained!

Lowest 5 year Fixed Rate Mortgages in Canada Ever! The Finance Minister and the heads of the Big Canadian Banks have recently been alluding to the fact that the property market in Canada, particularly in the real estate markets in Vancouver and Toronto may be getting a bit too hot for their liking based on the very low interest rates we are seeing in Canada right now. And then came this... 2.99% on a 5 Year Fixed Mortgage? Whats the Catch? This is the lowest 5 Year Fixed Rate Mortgages have EVER been! I recently interviewed Vancouver mortgage broker, Chad…

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