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Best mortgage rates for Oakville on RateSupermarket.ca
If you are looking to search for the best mortgage rates in Oakville, you've come to the
right place. RateSupermarket.ca compares over 55 mortgage lenders and Oakville mortgage
brokers so you'll be sure to find the best mortgage rates in Oakville.
You can either go compare Oakville's current mortgage rates now at,
http://www.ratesupermarket.ca/best_mortgage_rates/Oakville.html, or look at the latest
Oakville mortgage news listed below.
Toronto area (including Oakville) Mortgage Rates Will Remain Relatively
Flat

The Canadian Mortgage and Housing Corporation (CMHC) has reported in their latest
Oakville Housing Association Market Outlook that posted mortgage rates eased by about 50
basis points in the first four months of this year, although rates in late April were 30 to 35
basis points higher than they were 12 months prior. Mortgage rates are expected to trend
marginally lower throughout 2008, but will be within 25-50 basis points of their current levels.

For 2009, posted mortgage rates will begin to drift up slightly as the year progresses. For
2008 and 2009, the one-year posted mortgage rate is forecast to be in the 6.50- 7.50 per cent
range, while three and five-year posted mortgage rates are forecast to be in the 6.75-7.50 per
cent range.

Oakville Q1 2008 housing prices
These are the latest Oakville house prices according to the Royal Lepage Survey of Canadian
House Prices.
Property
type

Price
Jan-Mar
2008

Price 3
months
ago

Price 1
year ago
%Change 1
year
Estimated
Taxes
Detached
Bungalow
$315,000
$300,000
$300,000
5%
$3,000
Executive Two-
Storey
$470,000
$425,000
$413,000
13.3%
$4,000
Standard Two-
Storey
$350,000
$350,0000
$340,000
2.9%
$2,800
Standard
Townhouse
$260,000
$260,000
$250,000
4%
$2,300
CMHC Oakville area housing market & Oakville area mortgage rate
forecast
Unfortunately, the CMHC doesn't report on Oakville specifically regarding the housing and
mortgage market, however, we've included the closest surrounding areas.
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