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  • 5 YEAR FIXED RATE:

  • Current Market Update:

    As of June 2024, the Ontario real estate market remains stable with moderate price increases in the Greater Toronto Area, driven by strong demand and population growth. Smaller towns and rural areas experience varied performance due to remote work trends. Mortgage rates are steady, with 5-year fixed rates averaging 4.25% to 4.75% and variable rates from 3.10% to 3.50%.

  • Rates and What to Expect:

    As of June 2024, mortgage rates in Ontario have shown relative stability, with 5-year fixed rates averaging between 4.25% and 4.75%, while variable rates range from 3.10% to 3.50%. Despite some fluctuations due to economic conditions and global financial trends, experts anticipate that rates will remain relatively steady in the near term. 

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