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TERM


POSTED

OUR
RATES

6 Mths   

4.6%

3.95%

1 Year   

3.9%

2.55%

2 Year   

4.3%

3.2%

3 Year   

4.85%

3.34%

4 Year  

5.59%

3.49%

5 Year   

6.1%

3.64%

7 Year  

6.34%

4.7%

10 Year

6.65%

5.1%

Variable Rate

2.05%

Prime Rate

2.75%

*As of Sep 03, 2010
*Rates may vary
provincially and are
subject to change
without notice.

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Progressive Mortgages
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Welcome to Progressive Mortgages!

Welcome to Progressive Mortgages Inc.A Company is only as good as its client’s experiences.  When you have as many pleased clients as we do, you can consider yourself a valuable company.  We, at Progressive Mortgages, know that success is only reached when we have progressively fulfilled each and every single one of our clients' needs. 

A mortgage to complete that dream is only one phone call away!


Across Canada, there is no one better to turn to for your mortgage needs.  Our staff is professionally trained and licensed, and have a deep rooted understanding and familiarity of the region. 

If you're looking for a property – whether a first, second  or vacation home – turn to Progressive Mortgages.


Contact us today to see how your needs can be progressed into borrowing success!

COMPANY NEWS & EVENTS
New Mortgage Guidelines that are effective as of April 19, 2010
High Ratio Mortgages (80% LTV and UP)
1. Qualify variable rate (all terms) on 5 year Bank of Canada rate 6.25% (today)
2. Qualify the 1 to 4 year fixed rate on 5 year Bank of Canada rate 6.25%
3. Qualify for a 5 year fixed rate by using the Lenders discounted rate (eg. 4.54% street capital rate)
(only on 5 year fixed rate you do not have to use the Bank of Canada rate).

04-27-2010 15:08 More...

February Housing Activity Report
Housing activity picked up speed last month, topping expectations as builders broke ground on condominiums and other multiple-unit dwellings.

03-09-2010 10:12 More...

Improving Economy
Resale prices for Canadian homes rose to their highest average in May
06-16-2009 12:20 More...

Summary of the All Important Federal Budget
Total Money being Allocated = $39.9 billion


Communites = 19%

Infrastucture = 30%

House Incentives = 30%

Spending Incentives = 21%
01-29-2009 10:34 More...

Canada/U.S.A Financial Rates
Welcome to the January issue of CAAMP Stats. We wish all CAAMP members a happy, healthy and prosperous 2009!


Bank of Canada Interest Rate
October 21, 2008 2.25%
December 9, 2008 1.50%
January 20, 2009 Next meeting date 1.00%



01-23-2009 13:16 More...

What's the right strategy for borrowers?
Options that we are faced with in picking the right mortgages. Understanding today's options...
10-01-2008 01:51 More...

Pricey homes still selling well in Canada: Re/Max
Sales of luxury homes across Canada have stayed solid for the first seven months of the year, unlike the overall housing market
09-26-2008 12:12 More...

GE Money
GE Money wishes to advise that, effective at the close of business this coming Thursday, July 31, we will no longer be accepting mortgage applications.
08-12-2008 21:10 More...

Marketing Material
Progressive Mortgages Inc. has Marketing Material available for all our Mortgage specialist who want to get more exposure.
04-07-2008 21:37 More...

CAAMP’s Canadian Mortgage Industry Course
Meet the new Ontario Agent Licensing Requirement in Two Days!
04-07-2008 18:04 More...


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