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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 2.15 3.10 2.19 2.14 2.29 2.49 2.39
ATB Financial 2.600 4.000 2.940 2.640 2.490 2.640 2.690
Alterna Bank 2.350 4.000 2.850 2.090 2.590 2.740 2.580
Alterna Savings 2.350 4.000 2.850 2.090 2.590 2.740 2.580
Bank of Montreal (BMO) 2.700 4.000 2.890 2.990 3.390 3.890 4.740
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 - 3.090 3.000 2.990 3.090 2.540
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 2.590 2.790 2.690
First National Financial LP 2.350 3.000 2.290 2.240 2.390 2.490 2.590
FirstOntario Credit Union 2.500 4.240 2.690 2.290 2.340 2.540 2.590
HSBC Bank Canada 2.800 4.450 3.140 3.140 3.540 4.240 4.740
Home Trust Company 2.500 3.950 2.690 2.140 2.340 2.590 2.640
ICICI Bank Canada 3.050 - 2.840 2.840 2.840 2.890 2.890
Investors Group Trust 2.700 4.200 3.140 3.090 3.390 3.890 4.740
Laurentian Bank Canada 2.700 4.400 2.890 2.840 3.390 3.890 4.740
League Savings & Mortgage - 4.450 2.990 2.690 2.690 2.990 2.690
Libro Credit Union - 3.750 2.700 2.750 2.790 2.790 2.790
London Life 2.700 4.200 3.140 3.090 3.390 3.890 4.740
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 2.990 2.690 3.490 3.990 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 - - 2.450 2.550 2.550 2.650 2.650
TD CanadaTrust 2.700 3.140 2.990 2.840 3.390 3.890 4.640
Tangerine 2.700 - 3.190 3.240 3.490 3.690 3.790
WFCU Credit Union - 4.450 3.000 3.000 3.050 3.050 3.100
Your Neighbourhood CU - - 2.799 2.890 3.090 3.150 2.690
Last Update: 2016-05-19



* 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.



 

Home Mortgage
 
 
 
Apply By Fax
If submitting personal information over the Internet concerns you, try our printer friendly mortgage application. Get Adobe Reader You will need the free Adobe Acrobat Reader to view and print it. Once filled out, fax the application to our toll free fax number listed on the form.
Apply by Fax
 
 
Refinance Your Home with CanEquity
Did you know that you can refinance your mortgage to help with your debts? If you have high interest credit cards, expensive auto financing, a mortgage and other debts, you can consolidate them all into a single, low interest amount by refinancing a mortgage. Debt consolidation is only the beginning of things you can do with the equity in your home.
Consolidate Debt
 
 
Below is a tally of our most popular mortgage product inquiries made using our secure online application for Internet users in the province of Quebec.

Mortgage Type Inquiries
Qualification17.65%
Refinance15.33%
First-time Buyer14.85%
Renewal13.94%
No Money Down10.18%
Purchase9.92%
Pre-approval9.13%
Commercial2.97%
Variable Rate1.70%
Other4.31%
Last Tally: Apr 10 at 04:15:07
CanEquity
 
Canadian Mortgage Calculator
Amortization is how long it takes to completely pay off a mortgage. The most popular mortgage amortization in Canada is 25 years. The length of an amortization is important in finding how much you pay, but did you know that an amortization on a new home can be anywhere between 15 and 35 years? Use our Canadian mortgage calculator to find out how changing amortization affects your payments.
Canadian Mortgage Calculator