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Mortgage Rates

Prime Mortgage Rate	2.00	%
Open Variable Mortgage Rate	1.89	%
1 Year Closed	2.20	%
2 Year Closed	2.50	%
3 Year Closed	2.60	%
4 Year Closed	4.10	%
5 Year Closed	3.50	%

Mortgage rates are to change without notice, please click bellow for more info.

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Modified Internal Rate of Return

MIRR: a modified method of calculating an internal rate of return (IRR) that considers the impact of multiple positive and negative cash-flows.

The MIRR is used when more then one negative to positive cash-flow change occurs, as the IRR may produce ambiguous results. The MIRR sums all positive and negative cash-flows and produces two amounts, one plus and one minus. As such, the MIRR equates the present value (PV) of negative cash-flows and initial investment to the future value (FV) of positive cash-flows when calculating internal rate of return.

MIRR calculation involves 3 steps;

Calculate PV of negative cash flows
Calculate FV of positive cash flows
Calculate IRR based on one positive and one negative cash flow

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