In the United States their mortgages were set up to adjust after 1 or 2 years. In Canada you get a 5yr variable rate mortgage and the interest rate will only change when the bank of Canada changes their rates. In Canada its different though because when the Bank of Canada changes rates it affects visa cards and lines of credit for home and business so they cant jump too fast too high without heavy consequences to the economy. As for locking in your rates, the closed mortgages are at all time lows so its not a bad idea to seriously think about it. Contact me for more info. Abraham Niyazi - Mortgage Agent - Easyrate.ca - 1-866-728-3708 x 115.

You must have a real estate lawyer in order to close the deal for the condo so it is best to contact one today and ask this question. it should be easy for them to give you guidance on this subject. My non-professional opinion is that a contract is negotiable from both ends, if there is no mention of appliances then they do not have to provide appliances. You can ask that they include it in the contract or if dont include it then they dont have to give you appliances on closing.