A Canadian Mortgage Company!

Prime Rate:
4.00 %

Site Updated:
November 18th, 2008
1:20 p.m.

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Canadian Mortgage Rates
Display Canada's lowest mortgage rates right on your web site for free.

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	5.00	5.25	-0.25	Oct 22, 2008	Low Doc	5.79
6 month	6.20	5.50	0.70	Oct 10, 2008	No Down	7.20
1 year	4.49	4.80	-0.31	Nov 11, 2008
2	5.40	5.29	0.11	Nov 4, 2008	95% ReFi	5.59
3	5.50	5.39	0.11	Nov 4, 2008
4	5.34	5.70	-0.36	Nov 11, 2008
5	5.59	5.64	-0.05	Oct 9, 2008
7	6.25	6.20	0.05	Oct 10, 2008
9	6.60	6.05	0.55	Oct 10, 2008
10	6.25	6.20	0.05	Oct 1, 2008
15	6.75	6.85	-0.10	Jun 16, 2008
18	6.75	6.85	-0.10	Jun 16, 2008
25	6.85	6.95	-0.10	Jun 16, 2008
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	5.00	4.00	-1.00	N/A	N/A
6 month	6.20	6.35	0.15	$218.47	N/A
1 year	4.49	6.35	1.86	$5,427.70	$5,427.70
2	5.40	6.70	1.30	$7,566.13	$3,783.07
3	5.50	6.70	1.20	$10,458.81	$3,486.27
4	5.34	7.04	1.70	$19,716.92	$4,929.23
5	5.59	7.20	1.61	$23,304.29	$4,660.86
7	6.25	7.65	1.40	$28,315.09	$4,045.01
10	6.25	7.80	1.55	$44,332.73	$4,433.27
15	6.75	N/A	N/A	N/A	N/A
18	6.75	N/A	N/A	N/A	N/A
25	6.85	8.70	1.85	$105,090.17	$4,203.61
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.

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

CMHC Releases Comprehensive Report on Housing in Canada
OTTAWA, Ontario, November 13, 2008 — New analysis that tracked how long Canadians living in core housing need* remained in this situation over a three-year period is unveiled in the 2008 Canadian Housing Observer, released today by Canada Mortgage and Housing Corporation (CMHC)."The 2008 Canadian Housing Observer provides an in-depth picture of housing trends and developments in Canada," …
Housing Starts Remained Strong in October
OTTAWA, Ontario, November 10, 2008 — The seasonally adjusted annual rate1 of housing starts was 211,800 units in October, down from 218,600 units in September, according to Canada Mortgage and Housing Corporation (CMHC).“Housing starts remained strong in October and are consistent with our new home construction forecast for 2008,” said Bob Dugan, Chief Economist at …
Winners of CMHC 2008 Housing Awards Announced
OTTAWA, Ontario, November 03, 2008 — Canada Mortgage and Housing Corporation (CMHC) will announce today the 16�winners of CMHC’s Housing Awards Program, which recognizes housing initiatives that have contributed to improving the affordability of housing in Canada.“This year’s CMHC Housing Award winners showcase the incredibly rich source of housing knowledge and …
Bank of Canada announces senior appointments in new internal structure
OTTAWA, Ontario, November 03, 2008 — In order to hone its focus on a safe and sound financial system, reinforce research, and streamline management processes, the Bank of Canada has realigned responsibilities and made a series of senior appointments to lead its work in monetary policy, financial stability, management of the Government of Canada's funds, and Canadian bank notes.The new …

^* Mortgage interest rates are subject to change without notice at any time. E.&O.E., 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.

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Featured Broker

Featured Mortgage Broker - Karen Canning

Karen Canning specifically serves Vancouver, the Lower Mainland and the Fraser Valley by providing her clients with the Financial Advantage Program (a program developed by Certified Financial Planners). Visit Mortgages BC to learn more.

Credit Reports

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Mortgage Questions?

Finding the Best Mortgages in Canada!

Mortgage Services

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

CanEquity Mortgage Rates vs Conventional Rates

Canadian Mortgage National Press Releases

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