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Canadian Rates

Compare our mortgage rates with other banks and lenders with CanEquity's Canadian Mortgage Rate Comparison chart. Below you will also find the lastest Bank of Canada rates, including rates for business prime, bonds and currancy exchange rates. All of our Canadian rates are updated daily.

Mortgage Rate Comparison

Financial Institution
Mortgage Term
Variable 6 Mth 1 Year 2 Year 3 Year 4 Year 5 Year
CanEquity Mortgage 2.24*/4.10 4.60 5.00 5.50 5.19 5.29 5.39
AGF Trust - 6.95 6.95 7.00 7.00 6.85 6.95
AMA Financial 4.70 - 6.65 6.15 6.10 6.04 5.53
ATB Financial 4.15 6.80 6.95 7.00 7.00 6.85 5.93
Alterna Bank - 6.60 5.75 5.75 5.80 5.75 5.69
Alterna Savings - 6.60 5.75 5.75 5.80 5.75 5.69
Bank of Montreal (BMO) 4.29 6.85 6.95 7.00 7.00 6.84 6.99
Bank of Nova Scotia
4.25 6.80 6.90 7.00 7.00 6.85 6.99
Bridgewater Bank 4.75 - 6.70 6.20 6.15 - 5.58
CIBC Mortgages 4.38 6.85 6.95 7.00 7.00 6.85 6.99
Caisses Desjardins - 7.00 6.75 7.00 7.00 6.90 7.00
CanEquity Mortgage 4.10 4.60 5.00 5.50 5.19 5.29 5.39
Canadian Western Bank 4.25 6.85 6.95 7.00 7.00 6.85 6.99
Canadian Western Trust 4.25 6.85 6.95 7.00 7.00 6.85 6.99
Cataract Savings & CU - - 6.75 - - - 5.75
Citibank - 6.85 6.95 7.00 7.00 6.85 6.99
Citizens Bank of Canada 4.75 5.95 5.95 5.95 5.75 5.95 5.75
Common Wealth Credit Union 4.25 - 6.35 5.75 5.75 5.78 5.92
Comtech Credit Union - 6.60 5.09 7.15 7.20 7.20 5.50
Concentra Financial - 6.80 6.95 7.00 7.00 6.85 6.99
DUCA Financial Services 4.50 5.80 5.60 5.65 5.70 5.70 5.65
Effort Trust - 6.80 6.80 6.80 6.80 6.80 6.95
Equitable Trust - - 6.95 7.00 7.00 6.85 6.99
First Calgary Savings - 6.85 6.95 7.00 7.00 6.85 6.99
First National Financial LP 4.15 6.40 5.00 5.50 5.25 5.69 5.59
FirstLine Mortgages 4.75 7.80 7.20 6.05 5.95 6.00 5.89
FirstOntario Credit Union 4.20 5.95 6.00 6.00 5.90 5.80 5.70
HSBC Bank Canada 4.25 6.80 6.95 7.00 7.00 6.85 6.99
Home Trust Company - - 6.95 7.00 7.00 6.85 6.99
ICICI Bank Canada 5.25 - 5.70 5.75 5.80 5.85 5.75
ING Direct 4.15 - 5.10 5.50 5.25 5.79 5.59
Investors Group Trust 3.75 6.85 6.95 7.00 7.00 6.85 6.99
Key Savings & CU - 6.80 6.70 6.70 6.65 6.40 6.49
Lambton Financial CU 4.45 - 5.75 5.80 5.85 5.90 5.95
Laurentian Bank Canada 4.75 6.85 6.75 7.00 7.00 6.90 7.00
League Savings & Mortgage - 6.85 6.95 7.00 7.00 6.85 6.99
Libro Financial Group - 6.25 6.50 6.60 6.60 6.60 6.60
London Life 3.75 6.85 6.95 7.00 7.00 6.85 6.99
Manulife Bank - 6.10 5.10 5.20 5.25 5.40 5.40
Meridian Credit Union - 6.60 6.75 6.85 6.85 6.69 5.75
National Bank 4.75 7.00 6.75 7.00 7.00 6.90 7.00
Ontario Civil Service CU - 6.00 5.30 6.25 6.00 5.85 5.99
PACE Savings & CU - 6.80 6.95 7.00 7.00 6.85 6.99
Parama Credit Union - - 5.40 5.80 6.25 6.15 6.50
Peace Hills Trust - 6.85 6.95 7.00 7.00 6.85 6.99
President's Choice Financial
4.30 6.87 6.34 5.70 5.60 5.60 5.64
Promutuel Capital - 6.80 6.50 6.50 6.50 6.65 5.69
ResMor Trust 4.25 - 5.60 5.50 5.50 5.79 5.45
Royal Bank of Canada (RBC) 4.25 6.85 6.95 7.00 7.00 6.85 6.99
Servus Credit Union - 6.85 6.95 7.00 7.00 6.85 6.24
So-Use Credit Union - 6.30 5.25 5.15 5.95 6.10 5.60
Steinbach Credit Union - - 4.90 5.10 5.20 5.30 5.40
TD CanadaTrust 4.25 6.20 6.95 7.00 7.00 6.85 6.99
Virtual One Credit Union - - 5.59 5.65 5.45 5.84 5.65
Windsor Family CU - 6.00 6.00 6.00 6.00 6.10 6.10
Your Credit Union 4.50 - 6.40 6.50 6.50 6.30 5.70
Your Neighbourhood CU - - 5.85 5.90 6.05 6.15 6.25
Last Update: 2008-05-08

Bank of Canada Rates and Statistics

Exchange rates    06/05/0807/05/08+/-
$Can/US closing rate1.00291.0070+ 0.0041
$Can/US noon rate1.00351.0021- 0.0014
$US/Can noon rate0.99650.9979+ 0.0014
CERI *117.96118.35+ 0.39
CERI excluding USD113.79114.84+ 1.05
Money market    06/05/0807/05/08+/-
Overnight rate3.0013% 2.9927% - 0.0086
Target for the overnight rate3.00%3.00% 0.00
Overnight repo rate (CORRA)2.9889%2.9806% - 0.0083
Corporate paper, 1 month3.22%3.20%- 0.02
Treasury bill, 1 month2.38%2.41%+ 0.03
Bankers' Acceptances, 1 month3.17%3.16%- 0.01
Inflation    02/0803/08+/-
Inflation-control target range1—31—3 --
Total consumer price index **1.8%1.4%- 0.4
Core consumer price index **1.5%1.3%- 0.2
Interest rates    23/04/0830/04/08+/-
Prime business rate4.75%4.75% 0.00
Conventional mortgage, 5 year6.99%6.99% 0.00
Bond yields    06/05/0807/05/08+/-
GoC marketable bonds, +10 yr4.12%4.10%- 0.02
GoC benchmark bonds, 3 yr3.03%3.00%- 0.03
Real return bond, long term1.79%1.78%- 0.01

* Canadian-dollar effective exchange rate index
** 12-month per cent change

Last Update: 2008-05-08

 

 
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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.
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Introductory
2.24*
The most effective variable mortgage product available to you.
Variable Rate Mortgage Loan
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Making the minimum monthly payment of 2% ($200 to start on a $10,000 debt) at 18% interest will cost you around $38,930 & will take about fifty-seven (57) years to pay off!
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