Season’s Greetings from the team at Centum Discount Mortgage Canada Inc. Wishing you a happy and safe holiday season, and all the best for 2020!

We would like to inform our clients that we will be closed on Christmas and Boxing day. All other appointments during the Christmas holidays will be by appointment only.

The financial stress test is a federal guideline that is designed to protect Canadians to ensure they will be financially okay if interest rates were to rise substantially above their current mortgage rate. There are two options: Option 1: Down Payment between 5%-20% Borrowers that have a down payment between 5% and 20% will be tested at the Bank of Canada Conventional five- year mortgage rate currently sitting at 5.19%. Option 2: Down Payment of 20% or more Borrowers that have a down payment of 20% or higher will be tested at the highest rate of the following: Bank of Canada conventional five-year rate Your contract rate +2% or  Some Institutional…

We are delighted to announce the launch of our new website! 

We are currently revamping our website. Our new website will be interactive and mobile friendly!

Watch this space for updates. Just a few more weeks to go!