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Prime Rate:
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Site Updated:
November 22nd, 2009
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Helping to Build Your Dreams

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.

Canadian Mortgage Rate HistoryCanEquity 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 2.15 2.25 -0.10 Mortgage Rate has gone Down Oct 9, 2009   Low Doc 4.19
6 month 3.75 3.95 -0.20 Mortgage Rate has gone Down Oct 16, 2009   No Down 5.84
1 year 2.35 2.55 -0.20 Mortgage Rate has gone Down Nov 19, 2009  
2 3.20 2.90 0.30 Mortgage Rate has gone Up Oct 16, 2009   95% ReFi
3 3.49 3.54 -0.05 Mortgage Rate has gone Down Nov 12, 2009  
4 4.09 3.89 0.20 Mortgage Rate has gone Up Oct 16, 2009
5 3.99 4.14 -0.15 Mortgage Rate has gone Down Nov 11, 2009
7 5.30 5.50 -0.20 Mortgage Rate has gone Down Sep 11, 2009
9 6.50 6.60 -0.10 Mortgage Rate has gone Down Feb 23, 2009
10 5.40 5.45 -0.05 Mortgage Rate has gone Down Sep 9, 2009
15 9.25 9.45 -0.20 Mortgage Rate has gone Down Jun 11, 2009
18 9.25 9.45 -0.20 Mortgage Rate has gone Down Jun 11, 2009
25 7.85 9.35 -1.50 Mortgage Rate has gone Down 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 2.15 2.59 0.44 N/A N/A
6 month 3.75 4.65 0.90 $1,319.65 N/A
1 year 2.35 3.80 1.45 $4,249.15 $4,249.15
2 3.20 3.95 0.75 $4,362.76 $2,181.38
3 3.49 4.45 0.96 $8,327.54 $2,775.85
4 4.09 5.29 1.20 $13,840.29 $3,460.07
5 3.99 5.74 1.75 $25,116.35 $5,023.27
7 5.30 6.80 1.50 $30,133.03 $4,304.72
10 5.40 6.95 1.55 $43,848.49 $4,384.85
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 $11,430.72 N/A
1 Calculation based on a $398,600.00 home (Median sale price for 2,200 sq. ft. residence 'Executive Detached Two-Storey' in a low-crime neighbourhood in Toronto) with a 25% down payment over a 25 year amortization using a monthly payment schedule. Actual Mortgage: $298,950.00. Source: Economic Research Institute, The Geographic Reference Report 2004 (6/2004). ** Posted RBC mortgage rates.


Canadian mortgage lenders

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 ReleasesSubscribe to Web Feed
  • Windsor Celebrates New Affordable Housing
    WINDSOR, Ontario, November 20, 2009 — The Government of Canada, the Government of Ontario, and the City of Windsor celebrated the funding for 15 new affordable rental units.  This project is supported by $1.8 million in funding through the Canada – Ontario Affordable Housing Program. Jeff Watson, Member of Parliament for Essex, on behalf of the Honourable Diane Finley, …
  • Focus the Debate on International Monetary System Reform, says Bank of Canada ...
    OTTAWA, Ontario, November 19, 2009 — Countries around the world have a responsibility to promote an open, flexible, and resilient international monetary system, Bank of Canada Governor Mark Carney said today, calling for more focused debate on reform of the basic framework that underpins global commerce. A well-functioning international monetary system is required to promote economic …
  • MLS® home sales forecast revised
    OTTAWA, Ontario, November 16, 2009 — Monthly MLS® home sales activity continues to run strong, with new monthly records set in July, September, and October. This has prompted The Canadian Real Estate Association to revise its MLS® home sales forecast for 2009 and 2010. CREA now forecasts national activity will reach 460,200 units in 2009, up 6.6 per cent from last year. …
  • Key Report: 2009 Canadian Housing Observer Released by CMHC
    OTTAWA, Ontario, November 16, 2009 — Innovative approaches developed by the private sector, not-for-profit sector and all levels of government are increasingly driving the production of affordable housing, particularly for low-income households, reports the 2009 Canadian Housing Observer, released today by Canada Mortgage and Housing Corporation (CMHC). “The 2009 Canadian Housing …

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
 
Canadian Mortgage Rates
 
If you are worried about submitting personal information over the Internet, then try our printer friendly mortgage application. Get Adobe Reader You will need the free Adobe Acrobat Reader in order to view and print the application. Once filled out, you can then fax it to our toll free fax number listed on the form.
Apply by Fax
CanEquity
 
The valuable equity that you may already have in your home can be used to consolidate high interest credit card debts. Consolidating your credit card debt into a new, low interest-rate mortgage will save you 10-12% on interest changes.
Refinance / Debt Consolidation Inquiry
CanEquity
 
We will provide you with advice and information on related services for your house purchase, such as legal services, recommended realtors, home inspectors and appraisers. There is no cost or obligation and our services will save you time and money.
For Canadian Mortgages Call 1-888-818-4262
CanEquity
 
Home Renovation Guide