Give Me Back My Five Bucks is offering a chance to win $5,000!

What’s your mortgage rate? Back in 2011 when I bought my townhouse, my mortgage rate of 3.74% (5-year fixed) was considered extremely good. Now? Not so much. I’ve run the numbers, and refinancing doesn’t work for me, but people looking to enter the housing market (like a few of my friends) can now get rates much lower than that.

In fact, is offering a Spring Mortgage Rate Special, offering customers a super low interest rate of 2.75% on a 5-year fixed! And to top it off, they’re offering homebuyers who secure a mortgage rate online a chance to win $5,000. Not only are KANETIX customers automatically entered to win the $5,000 prize, but they can also gain entries by connecting with KANETIX and sharing the contest via social media. If you’re the lucky one that wins, that’s a pretty significant chunk of change that you can dump onto your mortgage, or do a few renovations around the new home. :)

Until April 19th, customers in Ontario, Alberta, Manitoba, Saskatchewan, Nova Scotia, New Brunswick, PEI, and Newfoundland are eligible for a chance at the $5,000 prize. Sorry British Columbians. :) For more information on the Kanetix mortgage $5,000 giveaway, click here.


KANETIX was one of Canada’s first online insurance marketplaces, and provides over a million quotes per year to customers looking to compare mortgages and and credit cards. Launched in the fall of 2012, the KANETIX online mortgage rates comparison service allows shoppers to secure rates online in minutes, without actually having to complete a full mortgage application – which I think is pretty cool. Customers will then have the option to complete the mortgage pre-approval process online, or through a licensed mortgage broker over the phone.

Author: Krystal Yee

I’m a personal finance blogger and marketing professional based in Vancouver. I’m a former Toronto Star (Moneyville) columnist, author of The Beginner’s Guide to Saving and Investing, and co-founder of the Canadian Personal Finance Conference. When I’m not working, you can usually find me running, climbing, playing field hockey, or plotting my next adventure.


  1. Elizabeth says:

    I got my mortgage in Nov 2012 and the rate is 3.09% for a 5 year fixed rate mortgage. One of the big advantages of the bank I went with (which had one of the lowest rates at the time) is that with all the pre-payment options (double-up, 10% down, 10% increase) is that I can have my mortgage paid off in 5 years without penalty or a change in rates.

    • Krystal Yee says:

      Those are great pre-payment options. Mine are 20% increase, and up to 20% lump sum payments every year. Is your plan to have your mortgage paid off in 5 years?

  2. Andrew Clayden says:

    Let’s hope Jim Flaherty does not catch wind of this rate or he will be on them in a flash! I really don’y know whether these low rates are a good thing or a bad thing. I would hate to see a mortgage meltdown like we saw in the US in 2007-2008. For somebody who is fairly financially stable it is okay, but how many people will be getting these rates who have no business borrowing money in the first place?

  3. Anonymous says:

    Is this a paid ad?

    • Krystal Yee says:

      Yes, it is (all posts under ‘contest’ and ‘sponsored’ are paid insertions) – but I would have blogged about it anyway in some form. I think it’s interesting to see where interest rates are going, and whether people who are getting these kinds of rates will be able to maintain a normal lifestyle if/when they increase.

  4. Anonymous says:

    I think you need to do a better job disclosing that this is paid advertising. This post is not marked using the ‘sponsored’ tag. I don’t think the ‘content’ tag is sufficient.

    It’s stuff like this that makes people leave one blog for another… please don’t make me stop reading your blog!!!

  5. Danielle says:

    Normally a fan of this blog but it’s posts like this that make readers leave. If I wanted to see ads I’d go on Facebook.

    • Krystal Yee says:

      Hi Danielle – thanks for your comment. I totally understand about not wanting to see ads here. But I do believe that I properly label them as either “contest” or “sponsored,” so that regular readers can just skip past them if they don’t want to read them.

      Plus, in the 6+ years I’ve been blogging, you will notice only 14 sponsored posts (that’s only like 2 per year), and most contests I blog about are relaying information, or giving something away – so it’s beneficial to you as a reader, and me as a blog owner. I hope that some people do find these contests valuable. For example, when I gave away $500, nobody complained that it was a sponsored ad.

      • Ginny says:

        Not sure why you’re having to explain yourself here. I would’ve thought that people who read a PF blog would like deals and/or “free stuff”. So what if you get paid for this? Tbh I’m not always “Krystal’s biggest fan” but the reason you would get the opportunity to do sponsored posts is because of the hard work you’ve put in over the years, and as you’ve pointed out, you don’t do tons of them either. This isn’t an ad ripped out of a magazine or a newspaper, it speaks directly to your readers and has the potential to benefit one or more of them.

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