News Releases

TORONTO, April 1, 2010 - A significant number of current and future homeowners say the house-buying experience is causing them stress and anxiety. BMO is offering a 3.75 Five-Year Fixed Low Rate Mortgage but is advising Canadians to lock-in now before it goes up.

Approximately 33 per cent complained they have lost sleep due to the stress of trying to buy a new home, according to a new BMO survey conducted by Harris-Decima.

"Now is the best time to get pre-approved and take advantage of this special rate that won't be around for long," said Jane Yuen, Senior Manager of Mortgages, Bank of Montreal. "By getting pre-approved now, you can reduce your stress, sleep better at night and will have 90 days to search for the home of your dreams -- knowing you are locked in at 3.75 per cent."

The Harris/Decima online poll was conducted from February 16th to 22nd, 2010 and is based on a sample of 1,000 Canadians between the ages of 25-45 years, who are either current home owners (who currently have a mortgage on their home and needed one when they purchased their home) or are planning on purchasing their first home in the next 12 months, and at least share in their household's financial decisions.