Variable Rate Mortgage All-time Low

Thursday, January 14th, 2010 - CanEquity now offers a variable mortgage rate that is 0.30% below prime! See how this may be the best mortgage rate to date. Visit our mortgage rate history page to see how it compares.

Finding the Best Mortgages in Canada!

Providing Canadians with the best mortgages Canada has to offer is what our mortgage brokers do! Here you will find the lowest mortgage rates in Canada, plus many other resources including the largest Canadian mortgage glossary, the most comprehensive mortgage calculator and the ability to display current Canadian mortgage rates on your website or desktop! We hope you enjoy your visit at CanEquity.

Mortgage Services

The interest rates posted herein are updated daily. If you notice upon browsing that other mortgage sites differ, it is because their rates are not updated. Report lower rate

Mortgage Brokers are trained, independent professionals licensed to represent and provide you with the best consultation for your mortgage needs. Our advice is always free and we can save you money.

CanEquity Mortgage is a national Canadian mortgage brokering company offering home loans to clients in all provinces and territories. We have access to over 75 major lending institutions across Canada. This gives us the ability to shop the mortgage market and offer you the best possible rates, service and mortgage options. We also specialize in mortgage renewals, debt consolidation and no money down home loans.

Many of our mortgage services are absolutely free and may save you thousands of dollars on high interest charges and monthly payments. Finding you the right mortgage is what we do. Let us help build your dreams.

Current Canadian Mortgage Rates
(with last date of rate change)

Mortgage Term	Current * Rates (%)	Previous Rates (%)	Change (%)	Last Date of Change	Special Products	Current * Rates (%)
Variable	1.95 Special	2.05	-0.10	Jan 15, 2010	Low Doc	4.09
6 month	3.75	3.95	-0.20	Oct 16, 2009	No Down	5.39
1 year	2.44	2.30	0.14	Feb 8, 2010
2	2.95	3.20	-0.25	Nov 30, 2009	95% ReFi
3	3.40	3.49	-0.09	Feb 1, 2010
4	3.89	3.90	-0.01	Feb 1, 2010
5	3.69	3.79	-0.10	Feb 5, 2010
7	5.25	5.30	-0.05	Feb 6, 2010
9	6.50	6.60	-0.10	Feb 23, 2009
10	5.35	5.40	-0.05	Feb 6, 2010
15	9.25	9.45	-0.20	Jun 11, 2009
18	9.25	9.45	-0.20	Jun 11, 2009
25	7.85	9.35	-1.50	Sep 14, 2009
Note: Some mortgage rates may not be available in certain areas. Contact us at 1-888-818-4262 for details.

CanEquity Mortgage Rates vs Conventional Rates

Mortgage Term	Our Rates * (%)	Posted Rates ** (%)	Difference (%)	Savings Over Term ¹ (Ours vs Posted Rates)	Savings Per Year ¹ (Ours vs Posted Rates)
Variable	1.95	2.95	1.00	N/A	N/A
6 month	3.75	4.65	0.90	$1,363.78	N/A
1 year	2.44	3.40	0.96	$2,907.94	$2,907.94
2	2.95	3.75	0.80	$4,807.64	$2,403.82
3	3.40	4.25	0.85	$7,615.88	$2,538.63
4	3.89	5.14	1.25	$14,885.47	$3,721.37
5	3.69	5.49	1.80	$26,643.43	$5,328.69
7	5.25	6.65	1.40	$29,040.35	$4,148.62
10	5.35	6.80	1.45	$42,331.73	$4,233.17
15	9.25	N/A	N/A	N/A	N/A
18	9.25	N/A	N/A	N/A	N/A
25	7.85	8.05	0.20	$11,812.18	$472.49
¹ Calculation based on a $411,931 home (average home price in the Greater Toronto Area for December 2009) with a 25% down payment over a 25 year amortization using a monthly payment schedule. Actual Mortgage: $308,948.25. Source: Toronto Real Estate Board ** Posted RBC mortgage rates.

We offer the lowest mortgages to all of Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland, North West Territories, Nova Scotia, Nunavut, Ontario, Prince Edward Island, Quebec, Saskatchewan, and Yukon. Find the best mortgages in Canada with CanEquity.

Canadian Mortgage National Press Releases

Resale housing forecast extended to 2011
OTTAWA – February 8, 2010 – The Canadian Real Estate Association has revised its forecast for home sales via the MLS® Systems of Canadian real estate boards in 2010, and extended the forecast to 2011. With Canadian economic growth rebounding from the recession, the unusually severe decline in sales activity in early 2009 is not expected to recur in 2010. Annual activity …
January Housing Starts
OTTAWA, Ontario, February 08, 2010 — The seasonally adjusted annual rate 1 of housing starts reached 186,300 units in January 2010. This is an increase from an annual rate of 176,100 units in December 2009, according to Canada Mortgage and Housing Corporation (CMHC). According to final figures, actual housing starts for 2009 totalled 149,081 units, with activity improving as the year …
Signs of Thaw in Corporate Attitudes Emerging, Says Governor Carney
WINNIPEG, Manitoba, February 04, 2010 — With improvements in financial conditions, economic activity, commodity prices, and confidence, the Bank of Canada anticipates that there will be a relatively modest recovery this year in business fixed investment in Canada, and an acceleration of investment spending in 2011. "The first signs of a thaw in corporate attitudes have begun to emerge," …
Fixed or Variable Mortgage Rate? BMO Experts Offer Their Verdict
TORONTO, Ontario, February 01, 2010 — With interest rates at a record low, a growing number of people are looking to purchase a home. Every homebuyer faces the age-old question of whether to choose a fixed or variable rate mortgage. “The question of whether to lock in to a longer-term fixed mortgage rate or stay in a variable rate has become an increasingly complex and important …

Here are what people have to say about our mortgage brokers!

"I have bought and sold properties and have never had the superior service I received from your staff." Guyanne S. - Ottawa, ON

"We appreciate the extra efforts you put in to help us!" Lisa M. - Ft McMurray, AB

"It's apparent you care about your clients." Lynn J. - London, ON

"You have done an excellent job in working through the maze of things to make it simple and stress free." Kumar S. - Mississauga, ON

"Thanks very much for organizing our mortgage quickly and efficiently, your assistance was greatly appreciated!" Gabor S. - Calgary, AB

^* Mortgage interest rates are subject to change without notice at any time. O.A.C.
^§ Our mortgages are only available to Canadian residents or foreigners purchasing property located in Canada.

Although every attempt is made to ensure the accuracy of our website, the above mortgage information should only be used as a guideline. CanEquity Mortgage always recommends that you consult a mortgage broker before making a decision. If you have questions or comments about our website, security practices or policies, please call our technical support line at 1-866-530-5541. For any mortgage related questions or to speak to one of our mortgage specialists, please call 1-888-818-4262.

Apply online using our Secure Mortgage Application

Featured Broker

Anthony De Almeida is a very successful Mortgage Broker with CanEquity Mortgage. Featured Mortgage Broker - Anthony De Almeida

Anthony has created a website to help educate the public about the advantages of using a mortgage broker, and the different types of products available. As always, Anthony is proud to offer Canada's BEST mortgages!

Variable Rate Loan

Introductory
1.95%^*

The most effective variable mortgage product available to you.