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Mortgage Rate Comparisons


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Compare Canadian Mortgage Rates

Compare our mortgage rates with other banks and lenders with CanEquity's Canadian Mortgage Rate Comparison chart. Below you will also find the lastest Bank of Canada rates, including rates for business prime, bonds and currency exchange rates. All of our Canadian rates are updated daily.

Mortgage Rate Comparison

Find the best residential mortgage rates in Canada

Note: These rates are provided as a convenience and many are provided by third parties, therefore we cannot guarantee their accuracy.
Mortgages: Closed, variable to 5 Year
Financial Institution
Mortgage Term
Variable 6 Mth 1 Year 2 Year 3 Year 4 Year 5 Year
CanEquity Mortgage 2.10 3.10 2.29 2.14 2.34 2.49 2.49
ATB Financial 2.500 4.100 3.040 2.390 2.590 2.690 2.790
Alterna Bank 2.450 4.000 2.790 2.740 2.590 2.840 2.590
Alterna Savings 2.450 4.000 2.790 2.740 2.590 2.840 2.590
Bank of Montreal (BMO) 2.850 4.200 3.090 3.190 3.590 4.090 4.840
Bank of Nova Scotia
2.700 4.550 3.290 3.090 3.390 3.890 4.490
CIBC Mortgages 2.700 3.140 2.840 2.790 3.390 4.090 4.790
Caisses Desjardins 2.700 4.400 3.140 3.240 3.390 3.890 4.740
Canadian Western Bank 2.900 4.000 3.140 3.040 3.650 4.200 4.740
Canadian Western Trust 2.900 4.000 3.140 3.040 3.650 4.200 4.740
Comtech Credit Union - 6.200 2.840 2.890 2.950 2.990 2.890
DUCA Financial Services 2.500 - 2.890 2.790 2.790 2.990 2.440
Effort Trust - 4.450 3.350 3.500 3.700 4.300 4.350
Equitable Bank - - 3.140 3.040 3.650 4.390 4.640
First Calgary Financial - 4.000 2.890 2.890 2.540 2.790 2.740
First National Financial LP 2.350 3.100 2.290 2.490 2.590 2.690 2.790
FirstOntario Credit Union 2.500 4.340 2.790 2.390 2.540 2.690 2.690
HSBC Bank Canada 2.800 4.450 3.140 3.140 3.390 4.090 4.640
Home Trust Company-Agent 2.500 3.950 2.690 2.140 2.340 2.590 2.690
ICICI Bank Canada 3.050 - 2.940 2.940 2.940 2.990 2.990
Investors Group Trust 2.700 4.200 3.140 3.090 3.390 3.890 4.640
Laurentian Bank Canada 2.700 4.400 2.890 2.840 3.390 3.890 4.740
League Savings & Mortgage - 4.450 2.990 2.590 2.890 2.690 2.940
Libro Credit Union - 3.750 2.600 2.650 2.690 2.690 2.690
London Life 2.700 4.200 3.140 3.090 3.390 3.890 4.640
Luminus Financial 3.250 - 3.250 3.200 3.650 4.000 4.500
Manulife Bank 2.600 4.450 3.000 2.940 2.840 2.790 2.890
Manulife Trust - 4.450 3.000 2.940 2.840 2.790 2.890
Meridian Credit Union 2.400 4.000 2.840 2.790 2.640 3.890 2.490
National Bank 2.700 4.400 3.140 3.040 3.390 3.890 4.740
PACE Savings & CU - 5.000 3.140 3.040 3.650 4.390 4.640
Parama Credit Union 2.650 - 2.800 2.850 2.950 3.050 3.150
Peace Hills Trust - 4.500 3.150 3.500 3.750 3.850 3.950
President's Choice Financial
2.700 6.190 3.140 2.790 3.340 3.990 4.440
Rapport Credit Union 2.850 6.000 3.090 3.040 3.500 3.040 2.990
Royal Bank of Canada (RBC) 2.700 3.140 3.140 3.040 3.650 4.390 4.640
Steinbach Credit Union - - 2.390 2.390 2.390 2.490 2.490
TD CanadaTrust 2.850 3.140 3.040 2.840 3.440 3.890 4.640
Tangerine 2.700 - 3.190 3.240 3.490 3.690 3.790
WFCU Credit Union - 4.450 3.000 3.040 3.650 4.390 4.640
Your Neighbourhood CU - - 2.799 2.890 3.090 3.150 2.940
Last Update: 2016-12-02



* Mortgage interest rates are subject to change without notice at any time. Some rates may be subject to minimum credit score, loan amount and may only be available certain lending areas. A quick closing loan condition may be required. Does not apply to preapprovals. Contact CanEquity for details. Although every attempt is made to ensure the accuracy of our website, the above mortgage information should only be used as a guideline and CanEquity makes no guarantees on any rates shown. CanEquity Mortgage always recommends that you consult a mortgage broker before making a decision. CanEquity does not guarantee to have the lowest rate in Canada. We do make every attempt though to find the best mortgage deal possible for all of our clients.

§ Our mortgages are only available to Canadian residents or foreigners purchasing property located in Canada.



 

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Mortgage Renewals
Have you received your mortgage renewal in the mail? Don't just sign the form and send it back to the lender. Over 70% of mortgage holders do just that, and what is the usual result - a higher mortgage rate and a product that might not be best suited to their needs. Choose CanEquity for the best rate mortgage renewal in Canada.

Mortgage renewal form

Best Rate Renewal Inquiry
 
 
Below is a tally of our most popular mortgage product inquiries made using our secure online application for Internet users in the province of British Columbia.

Mortgage Type Inquiries
Qualification24.25%
First-time Buyer15.30%
Refinance14.78%
Purchase13.36%
No Money Down12.06%
Renewal10.22%
Commercial2.15%
Variable Rate1.56%
Equity Mortgage1.45%
Pre-approval1.35%
Other3.53%
Last Tally: Apr 10 at 04:15:07
CanEquity
 
Home Mortgage Pre-approval
Unsure how to begin the home buying process? Start with a mortgage pre-approval. There no obligations to buy, it's free, and it will help you find out exactly how much you can afford. A pre-approval guarantees the best rate available, up to 120 days, so when you find your home, you will have the most options available.
Home Mortgage Pre-approval
 
 
Mortgage Pre-approval With a Broker
Before you go house shopping, find out what you can comfortably afford with a pre-approval from a mortgage broker. Pre-approvals may last as long as 120 days, which gives you ample time to find your home. If at any point in time rates change, a mortgage broker will honour the lowest rate during the pre-approval period. Lock in to the lowest rates without any obligation.
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