CanEquity Mortgage - Current Canadian Mortgage Rate Comparisons

Mortgage Rate Comparison

Financial Institution

Mortgage Term

Variable

6 Mth

1 Year

2 Year

3 Year

4 Year

5 Year

CanEquity Mortgage

5.50*/5.50

6.20

4.80

5.29

5.39

5.50

5.59

AGF Trust

6.65

6.70

7.05

7.04

7.20

AMA Financial

5.50

6.85

6.14

5.62

6.19

5.62

ATB Financial

4.25

6.21

6.35

6.70

7.04

6.14

Alterna Bank

4.50

6.30

5.30

5.45

5.70

5.74

Alterna Savings

4.50

6.30

5.30

5.45

5.70

5.74

Bank of Montreal (BMO)

6.21

6.65

6.70

7.05

7.04

7.20

Bank of Nova Scotia

5.25

6.35

6.55

7.04

7.20

Bridgewater Bank

6.50

6.90

6.19

5.67

CIBC Mortgages

5.35

6.74

6.65

6.70

7.05

7.04

7.20

Caisses Desjardins

6.50

6.25

6.70

7.00

7.20

CanEquity Mortgage

5.50

6.20

4.80

5.29

5.39

5.50

5.59

Canadian Western Bank

5.50

6.35

6.65

6.70

7.04

7.20

Canadian Western Trust

5.50

6.35

6.65

6.70

7.04

7.20

Cataract Savings & CU

6.25

6.05

Citibank

6.35

6.65

6.70

7.05

7.04

7.20

Citizens Bank of Canada

5.50

5.79

5.89

Comtech Credit Union

6.60

4.99

7.15

7.20

5.25

Concentra Financial

6.30

6.35

6.70

7.04

7.20

DUCA Financial Services

4.75

6.00

5.40

5.45

5.65

5.70

5.75

Effort Trust

6.60

6.65

6.99

7.15

Equitable Trust

6.65

6.70

7.05

7.04

7.20

First Calgary Savings

6.20

6.35

6.70

7.05

7.04

7.20

First National Financial LP

5.75

6.20

4.80

5.40

5.50

5.70

5.79

FirstLine Mortgages

4.50

8.05

7.45

6.05

6.25

6.40

6.19

FirstOntario Credit Union

5.50

5.70

5.90

6.00

6.09

HSBC Bank Canada

5.25

6.21

6.35

6.75

7.04

7.20

Home Trust Company

6.65

6.70

7.04

7.20

ICICI Bank Canada

4.25

5.70

5.75

5.80

5.85

5.75

ING Direct

5.25

5.14

5.40

5.50

5.70

5.89

Investors Group Trust

3.50

6.35

6.70

7.05

7.04

7.20

Key Savings & CU

6.05

6.10

6.40

6.35

6.59

6.70

Lambton Financial CU

5.25

5.75

5.80

5.85

5.90

5.95

Laurentian Bank Canada

4.75

6.35

6.30

6.70

6.75

7.05

7.20

League Savings & Mortgage

6.35

6.70

7.05

7.04

7.20

Libro Financial Group

6.00

6.25

6.50

6.60

6.90

6.95

London Life

3.50

6.35

6.70

7.05

7.04

7.20

Macquarie Financial Ltd.

5.74

5.89

Manulife Bank

6.50

5.75

5.90

6.00

Meridian Credit Union

6.06

6.25

6.55

6.89

6.05

National Bank

4.75

6.30

6.85

7.05

7.20

Ontario Civil Service CU

6.00

4.95

5.95

6.04

6.20

PACE Savings & CU

6.30

6.35

6.70

7.04

7.20

Parama Credit Union

5.40

5.45

5.60

5.70

5.95

Peace Hills Trust

6.35

6.50

6.75

6.95

President's Choice Financial

5.35

6.99

6.09

5.60

5.80

5.94

5.89

Promutuel Capital

6.50

6.19

6.65

6.95

6.20

ResMor Trust

6.10

6.15

5.89

Royal Bank of Canada (RBC)

5.25

6.35

6.70

7.04

7.20

Servus Credit Union

6.21

6.35

6.69

7.04

6.45

So-Use Credit Union

6.30

5.25

5.15

5.95

6.10

5.60

Steinbach Credit Union

4.90

5.10

5.40

5.50

5.70

TD CanadaTrust

5.75

6.20

6.35

6.70

7.05

7.04

7.20

Virtual One Credit Union

4.95

5.25

5.35

5.55

5.65

Windsor Family CU

6.00

5.95

6.00

6.10

6.15

6.20

Your Credit Union

4.50

6.15

6.30

6.25

Your Neighbourhood CU

5.90

6.10

6.30

6.40

6.45

Last Update: 2008-10-14

Bank of Canada Rates and Statistics

Exchange rates

09/10/08

10/10/08

+/-

$Can/US closing rate

1.1458

1.1808

+ 0.0350

$Can/US noon rate

1.1486

1.1907

+ 0.0421

$US/Can noon rate

0.8706

0.8398

- 0.0308

CERI *

104.97

101.52

- 3.45

CERI excluding USD

107.38

104.72

- 2.66

Money market

09/10/08

10/10/08

+/-

Overnight rate

2.5042%

2.5081%

+ 0.0039

Target for the overnight rate

2.50%

0.00

Overnight repo rate (CORRA)

2.5026%

2.5042%

+ 0.0016

Corporate paper, 1 month

3.19%

0.00

Treasury bill, 1 month

0.45%

0.65%

+ 0.20

Bankers' Acceptances, 1 month

3.05%

3.09%

+ 0.04

Inflation

07/08

08/08

+/-

Inflation-control target range

1—3

Total consumer price index **

3.4%

3.5%

+ 0.1

Core consumer price index **

1.5%

1.7%

+ 0.2

Interest rates

01/10/08

08/10/08

+/-

Prime business rate

4.75%

0.00

Conventional mortgage, 5 year

7.20%

0.00

Bond yields

09/10/08

10/10/08

+/-

GoC marketable bonds, +10 yr

4.17%

4.28%

+ 0.11

GoC benchmark bonds, 3 yr

2.43%

2.57%

+ 0.14

Real return bond, long term

2.35%

2.48%

+ 0.13

Last Update: 2008-10-14

Apply By Fax

If you are worried about submitting personal information over the Internet, then try our printer friendly mortgage application.

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.

Client Services

CanEquity offers a wide variety of mortgage loans to meet your needs.

Mortgage Renewals

Have you received your mortgage renewal in the mail? Don't just sign the form and send it back to the lender. Over 70% of mortgage holders do just that, and what is the usual result - a higher mortgage rate and a product that might not be best suited to their needs. Choose CanEquity for the best rate mortgage renewal in Canada.

Mortgage renewal form

Today's Prime Rate

4.50^*

Prime means "best," and this is the rate that banks charge their absolute best customers for loans. Changes in the prime rate influence changes in other rates, including variable interest rate mortgages. This rate fluctuates based on economic conditions. CanEquity Mortgage has interest rates starting at Prime less 1.00%!

Canadian Rates

Mortgage Rate Comparison

Bank of Canada Rates and Statistics