Today's Best Mortgage Rates

Find the best mortgage rates in Canada from our partners.
This is the estimated value of your home if you are purchasing. If you are renewing or refinancing your mortgage, this is the value of your mortgage.
The amount that you pay upfront when purchasing a home. Depending on the type of mortgage, down payments generally range from 5% to 20% of the purchase price.
The amount that you need to borrow.

A Fixed Rate allows you to lock-in a set mortgage payment each month for the length of the term, without worrying about fluctuations in the bank’s prime rate and the Bank of Canada’s overnight rate; while a Variable Rate changes during the term with the lender's prime rate.

A Closed mortgage means you are agreeing to a term, which can range from 6 months to 10 years. If you back out of the mortgage before the term is up, you will have to pay a penalty. An Open mortgage is one where you can pay back the money you borrowed at any time, without penalty.Choosing a fixed-rate allows you to lock-in a set mortgage payment each month for the length of the term, without worrying about fluctuations in the bank’s prime rate and the Bank of Canada’s overnight rate.

HELOC stands for home equity line of credit and is a loan set up as a revolving line of credit with a maximum draw, rather than a fixed dollar amount with a term.

The term of a mortgage refers to the number of months or years that the lender and borrower commit to one another at the quoted interest rate and agreed-upon mortgage features. It differs from the amortization period in that mortgage terms usually range from 6 months to 5 years, while it may require a 25-year amortization period to pay back the entire borrowed amount, for example. Each time a term is up, you must either renew for another term with your current lender at new rates or find a different lender.
This is the frequency at which you wish to make payments.
Updated: April 24, 2014 at 06:57:42 AM EST

Fixed Closed Mortgage Rates

Rate Company Term Payment
2.99% Mortgage Intelligence
Mortgage Intelligence
5 Years
3.04% TD Mortgage
TD Mortgage
2 Years
3.04% Bank of Montreal
Bank of Montreal
2 Years
3.04% Royal Bank of Canada
Royal Bank of Canada
2 Years
3.04% DUCA FINANCIAL SERVICES LTD.
DUCA FINANCIAL SERVICES LTD.
2 Years
3.09% Oriana Financial
Oriana Financial
3 Years
3.09% TD Mortgage
TD Mortgage
1 Year
3.09% DUCA FINANCIAL SERVICES LTD.
DUCA FINANCIAL SERVICES LTD.
3 Years
3.09% DUCA FINANCIAL SERVICES LTD.
DUCA FINANCIAL SERVICES LTD.
5 Years
3.09% DUCA FINANCIAL SERVICES LTD.
DUCA FINANCIAL SERVICES LTD.
1 Year

Variable Closed Mortgage Rates

Rate Company Term Payment
2.55% DUCA FINANCIAL SERVICES LTD.
DUCA FINANCIAL SERVICES LTD.
5 Years
3.00% DUCA FINANCIAL SERVICES LTD.
DUCA FINANCIAL SERVICES LTD.
3 Years
3.00% Bank of Montreal
Bank of Montreal
6 Month
3.00% Royal Bank of Canada
Royal Bank of Canada
6 Month
3.00% TD Mortgage
TD Mortgage
6 Month
3.10% HSBC Bank Canada
HSBC Bank Canada
6 Month

Fixed Open Mortgage Rates

Rate Company Term Payment
6.20% HSBC Bank Canada
HSBC Bank Canada
6 Month
6.30% Royal Bank of Canada
Royal Bank of Canada
1 Year
6.30% Royal Bank of Canada
Royal Bank of Canada
6 Month
6.30% Bank of Montreal
Bank of Montreal
6 Month
6.30% TD Mortgage
TD Mortgage
1 Year
6.30% Bank of Montreal
Bank of Montreal
1 Year
6.35% HSBC Bank Canada
HSBC Bank Canada
1 Year

Variable Open Mortgage Rates

Rate Company Term Payment
3.00% Royal Bank of Canada
Royal Bank of Canada
6 Month
4.00% Bank of Montreal
Bank of Montreal
6 Month
4.00% HSBC Bank Canada
HSBC Bank Canada
6 Month
4.00% TD Mortgage
TD Mortgage
6 Month
The interest rate on the outstanding balance of the mortgage, which can be fixed for the term or variable, fluctuating with the prime rate.
Lenders who provide the mortgage. These may be banks or mortgage brokers who are licensed professionals with access to multiple lenders and products.
The term of a mortgage refers to the number of months or years that the lender and borrower commit to one another at the quoted interest rate and agreed-upon mortgage features. It differs from the amortization period in that mortgage terms usually range from 6 months to 5 years, while it may require a 25-year amortization period to pay back the entire borrowed amount, for example. Each time a term is up, you must either renew for another term with your current lender at new rates or find a different lender.
Estimated mortgage payment amount.

Rates and product information are supplied by third parties, including but not limited to CANNEX Financial Exchanges Limited, and are presented on this website for informational purposes only. They do not constitute financial advice nor are they an offer or solicitation of mortgage loans in any jurisdiction or to any person. They should not be relied upon nor are they a substitute for careful review of all relevant policies or consultation with qualified professionals. All information is subject to change without notice. Please contact supplier for complete details.