In This Issue
- Our Best Rates
- Five renos that pay off: Energy upgrades are #5
Our Best Rates
| Terms | Posted Rates | Our Rates |
| 6 MONTHS | 4.45% | 4.40% |
| 1 YEAR | 3.20% | 2.75% |
| 2 YEARS | 3.55% | 2.99% |
| 3 YEARS | 3.95% | 3.19% |
| 4 YEARS | 4.64% | 3.19% |
| 5 YEARS | 5.44% | 3.29% |
| 7 YEARS | 6.35% | 3.99% |
| 10 YEARS | 6.75% | 3.99% |
| Rates are subject to change without notice. OAC E&OE | ||
| CURRENT PRIME RATE IS | 3.00% |
| PRODUCT | RATE |
| Variable Rate Mortgage: Prime - 0.10 | 2.90% |
Home Renovations
Five renos that pay off: Energy upgrades are
#5
Upgrades to improve your home's energy consumption - new windows and doors,
or furnace and heating system improvements - can give you immediate savings on
your energy bill and help reduce the strain on our planet. These renovations are
also on the list of top renovations that pay – returning 50% to 75% of the money
invested according to the Appraisal Institute of Canada.
Often the primary payoff comes in reduced energy bills. So if you're
staying in the home for several years, you'll get a nice return on your
investment. Not to mention that new doors and windows can transform the look of
your home, greatly boost its curb appeal, and impress homebuyers. Be sure to
stick to standard styles; expensive customizations do little for resale
value.
When it comes to heating system upgrades – if you can't see it – it's
harder for a buyer to be impressed by your renovation so focus on the energy
savings when considering this upgrade. Be sure to have your heating specialist
give you a realistic assessment of the projected energy savings, and make these
savings part of your financial calculation!
If you're thinking green at your house, be sure to check out the
list of provincial and municipal incentives that might apply to your
project.
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