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Closed Mortgage Rates
Financial Institution Variable 6 Months 1 Year 2 Years 3 Years 4 Years 5 Years
AGF Trust N/A 4.990 4.900 4.500 4.650 5.240 5.850
ATB Financial 2.850 4.600 3.750 4.050 4.550 5.150 4.550
Alterna Bank N/A 4.500 3.650 3.950 4.190 4.190 4.540
Alterna Savings N/A 4.500 3.650 3.950 4.190 4.190 4.540
Bank Montreal Mtg. Corp. 2.850 4.750 3.900 4.050 4.550 5.240 5.850
Bank of Nova Scotia 2.850 4.750 4.750 4.500 4.650 5.150 5.850
Bridgewater Bank 5.750 N/A 5.990 5.750 4.090 N/A 4.490
CIBC Mortgages 3.250 4.600 3.750 4.050 4.550 5.240 5.850
Caisses Desjardins N/A 3.750 3.750 4.050 4.650 5.150 5.850
Canadian Tire Bank 3.250 N/A 4.500 4.250 4.250 4.250 4.590
Canadian Western Bank 3.750 4.750 3.900 4.050 4.550 5.240 5.850
Canadian Western Trust 4.750 3.750 N/A N/A N/A N/A N/A
Citibank N/A 4.750 3.900 4.050 4.650 5.240 5.850
Comtech Credit Union N/A 6.600 3.390 3.990 3.990 3.990 4.490
Concentra Financial N/A 4.750 4.750 4.500 4.650 5.240 5.850
DUCA Financial Services 2.850 4.400 2.990 3.500 4.000 4.250 4.350
Effort Trust N/A 3.900 3.900 4.000 4.500 5.200 5.500
Equitable Trust N/A N/A 3.900 4.050 4.650 5.240 5.850
First Calgary Savings N/A 4.750 3.490 4.050 3.990 5.240 3.990
First National Financial 2.850 4.600 2.750 3.050 3.650 4.090 4.490
FirstLine Mortgages 2.850 7.900 3.050 3.350 4.140 4.490 4.790
FirstOntario Credit Un. 3.850 4.490 3.090 3.790 4.390 4.290 4.590
HSBC Bank Canada 3.000 5.200 4.500 5.000 5.150 5.440 5.790
Home Trust Company N/A N/A 2.990 N/A 3.790 N/A 4.390
ICICI Bank Canada 3.500 N/A 4.000 4.250 4.500 4.850 5.850
ING Direct 2.850 N/A 3.390 3.590 3.650 4.090 4.490
Investors Group Trust 3.250 4.750 3.900 4.050 4.550 5.240 5.850
Key Savings + Credit U. N/A 4.750 3.490 4.050 3.990 4.990 4.990
Lambton Financial C.U. 3.750 N/A 3.750 3.900 3.950 4.200 4.650
Laurentian Bank Canada 3.250 3.950 3.750 4.050 4.650 5.150 5.850
League Svgs & Mortgage N/A 4.750 3.900 4.050 4.550 5.240 5.850
Libro Financial Group N/A 4.750 3.900 4.050 4.550 4.950 5.200
London Life 3.250 4.750 3.900 4.050 4.550 5.240 5.850
Macquarie Financial Ltd. 2.750 N/A 3.590 N/A 3.740 N/A 4.490
Manulife Bank N/A 4.750 3.750 4.000 4.150 4.200 4.250
Meridian Credit Union 2.850 4.750 2.250 4.050 4.550 4.090 4.550
National Bank 3.250 3.750 3.750 4.050 4.650 5.150 5.850
Ontario Civil Service CU N/A 6.000 4.150 4.400 4.150 4.690 4.550
PACE Savings & Credit Un N/A 4.750 4.750 4.500 4.650 5.240 5.850
Parama Credit Union 3.000 N/A 3.500 3.750 4.000 4.500 5.000
Peace Hills Trust N/A 6.000 5.000 4.500 4.650 5.250 5.850
President's Choice Fin'l 2.850 6.840 2.900 3.100 3.890 4.240 4.540
Promutuel Capital N/A 4.000 4.000 4.400 4.550 4.750 4.690
ResMor Trust 2.600 N/A 3.490 N/A 3.840 N/A 4.490
Royal Bank of Canada 2.850 4.750 3.900 4.050 4.550 5.240 5.850
Servus Credit Union N/A 4.750 3.900 4.050 4.550 5.240 5.850
So-Use Credit Union N/A 6.300 3.000 4.000 4.250 4.250 4.550
Steinbach Credit Union N/A N/A 3.000 3.300 3.900 4.100 4.500
T-D Mortgage 2.850 4.600 3.750 4.050 4.650 5.140 5.850
Ukrainian Credit Union N/A 4.750 2.850 3.450 3.680 4.420 4.550
Virtual One Credit Union N/A N/A 3.500 4.000 4.500 5.000 5.250
Windsor Family C.U. N/A 4.750 3.900 4.500 4.650 4.850 5.450
Your Credit Union 4.000 N/A 3.950 3.850 4.550 5.250 4.450
Your Neighbourhood C.U. N/A N/A 3.600 4.300 4.500 4.800 5.050

Last Update: 07-03-2009 18:30:02


A mortgage is a contract stipulating a specific property, typically a residence or building, as collateral for a loan. The mortgage incurs a rate of interest that varies according to term and other features. Closed mortgages involve a strict repayment schedule of a specific amount with optional limited lump sum payments and payment increases.

These rates are for indication purposes only and should be confirmed with each institution directly. The actual rate available to a borrower will vary depending upon a number of factors which may include general credit worthiness, security/collateral provided, borrowing/repayment history and the extent to which the borrower has other products/services with that particular vendor.

Data provided by