Compare Canadian Mortgage 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 currency exchange rates. All of our Canadian rates are updated daily.
Mortgage Rate Comparison
Find the best residential mortgage rates in Canada
Note: These rates are provided as a convenience and many are provided by third parties, therefore we cannot guarantee their accuracy.
Financial Institution |
Mortgage Term |
| Variable |
6 Mth |
1 Year |
2 Year |
3 Year |
4 Year |
5 Year |
| CanEquity Mortgage |
2.10*/2.10 |
4.00 |
2.60 |
3.25 |
3.49 |
3.89 |
3.74 |
| AGF Trust |
- |
4.65 |
2.85 |
3.35 |
3.75 |
3.89 |
3.69 |
| ATB Financial |
2.35 |
4.55 |
3.30 |
3.55 |
4.10 |
5.04 |
3.99 |
| Alterna Bank |
2.24 |
4.40 |
2.90 |
3.30 |
3.60 |
3.89 |
3.95 |
| Alterna Savings |
2.24 |
4.40 |
2.90 |
3.30 |
3.60 |
3.89 |
3.95 |
| Bank of Montreal (BMO) |
2.65 |
4.55 |
3.30 |
3.55 |
4.10 |
5.04 |
5.39 |
Bank of Nova Scotia |
2.60 |
4.65 |
4.30 |
3.95 |
4.40 |
5.04 |
5.39 |
| Bridgewater Bank |
- |
- |
5.99 |
5.75 |
3.59 |
- |
3.99 |
| CIBC Mortgages |
2.60 |
4.55 |
3.30 |
3.55 |
4.20 |
5.04 |
5.39 |
| Caisses Desjardins |
- |
3.75 |
3.50 |
3.75 |
4.20 |
5.04 |
5.39 |
| Canadian Western Bank |
2.75 |
4.55 |
3.30 |
3.55 |
4.20 |
5.04 |
5.39 |
| Canadian Western Trust |
2.75 |
4.55 |
3.30 |
3.55 |
4.20 |
5.04 |
5.39 |
| Comtech Credit Union |
- |
6.60 |
2.89 |
3.99 |
3.99 |
4.09 |
4.09 |
| Concentra Financial |
- |
4.55 |
3.30 |
3.55 |
4.10 |
5.04 |
5.39 |
| DUCA Financial Services |
2.15 |
4.40 |
2.80 |
3.45 |
3.75 |
3.85 |
3.85 |
| Effort Trust |
- |
3.60 |
3.30 |
3.55 |
4.20 |
5.00 |
5.35 |
| Equitable Trust |
- |
- |
3.30 |
3.55 |
4.20 |
5.04 |
5.39 |
| First Calgary Savings |
- |
4.55 |
2.99 |
3.55 |
3.75 |
3.75 |
3.99 |
| First National Financial LP |
2.10 |
4.45 |
2.60 |
3.25 |
3.70 |
3.89 |
3.89 |
| FirstLine Mortgages |
2.45 |
4.75 |
3.20 |
3.55 |
3.95 |
4.19 |
4.29 |
| FirstOntario Credit Union |
2.45 |
4.40 |
2.90 |
3.50 |
3.75 |
3.95 |
4.00 |
| HSBC Bank Canada |
2.75 |
4.55 |
3.40 |
3.75 |
4.40 |
5.24 |
5.59 |
| Home Trust Company |
- |
- |
2.60 |
- |
3.45 |
- |
3.99 |
| ICICI Bank Canada |
2.15 |
- |
3.05 |
3.55 |
3.89 |
4.10 |
4.14 |
| ING Direct |
2.10 |
- |
2.80 |
3.45 |
3.79 |
3.99 |
3.89 |
| Investors Group Trust |
2.35 |
4.55 |
3.30 |
3.55 |
4.20 |
5.04 |
5.39 |
| Key Savings & CU |
- |
5.05 |
2.99 |
3.59 |
3.99 |
4.29 |
4.59 |
| Laurentian Bank Canada |
2.60 |
3.95 |
3.30 |
3.55 |
4.10 |
5.04 |
5.39 |
| League Savings & Mortgage |
- |
4.55 |
3.30 |
3.55 |
4.20 |
5.04 |
5.39 |
| Libro Financial Group |
- |
4.30 |
3.35 |
3.60 |
4.25 |
4.85 |
5.10 |
| London Life |
2.35 |
4.55 |
3.30 |
3.55 |
4.20 |
5.04 |
5.39 |
| Macquarie Financial Ltd. |
2.55 |
- |
3.09 |
- |
3.59 |
- |
3.99 |
| Manulife Bank |
- |
4.40 |
2.75 |
3.25 |
3.50 |
3.75 |
3.85 |
| Meridian Credit Union |
2.15 |
4.55 |
3.30 |
3.55 |
4.10 |
3.75 |
3.78 |
| National Bank |
2.75 |
4.50 |
3.30 |
3.55 |
4.10 |
5.04 |
5.39 |
| Ontario Civil Service CU |
- |
6.00 |
2.50 |
4.00 |
3.79 |
4.24 |
4.09 |
| PACE Savings & CU |
- |
4.55 |
3.30 |
3.55 |
4.10 |
5.04 |
5.39 |
| Parama Credit Union |
2.50 |
- |
2.95 |
3.45 |
3.90 |
4.50 |
4.80 |
| Peace Hills Trust |
- |
6.00 |
4.25 |
4.25 |
4.75 |
5.49 |
6.00 |
President's Choice Financial |
2.25 |
6.04 |
2.90 |
3.35 |
3.70 |
3.89 |
3.94 |
| ResMor Trust |
- |
- |
3.64 |
- |
3.75 |
- |
3.95 |
| Royal Bank of Canada (RBC) |
2.65 |
4.55 |
3.30 |
3.55 |
4.10 |
5.04 |
5.39 |
| Servus Credit Union |
- |
4.55 |
3.30 |
3.55 |
4.10 |
5.04 |
5.39 |
| So-Use Credit Union |
- |
6.30 |
2.75 |
3.85 |
4.00 |
4.50 |
4.60 |
| Steinbach Credit Union |
- |
- |
3.20 |
3.40 |
3.60 |
3.70 |
3.80 |
| TD CanadaTrust |
2.60 |
4.45 |
3.50 |
3.90 |
4.45 |
5.04 |
5.39 |
| Ukrainian Credit Union |
- |
4.25 |
2.54 |
3.65 |
3.99 |
4.49 |
4.39 |
| Virtual One Credit Union |
- |
- |
2.89 |
3.50 |
3.75 |
3.95 |
3.95 |
| Windsor Family CU |
- |
4.55 |
3.30 |
3.65 |
4.20 |
5.25 |
5.59 |
| Your Credit Union |
3.50 |
- |
3.50 |
3.70 |
4.20 |
3.89 |
3.99 |
| Your Neighbourhood CU |
- |
- |
3.20 |
3.50 |
4.10 |
4.80 |
4.90 |
Last Update: 2010-09-01
Commercial Mortgage Rates*
Conventional Commercial Mortgage Interest Rates
| Term | Low | High |
|---|
| 2 year | 3.71 % | 5.21 % |
| 3 year | 3.99 % | 5.49 % |
| 5 year | 4.55 % | 6.05 % |
| 7 year | 4.66 % | 6.16 % |
| 10 year | 5.28 % | 6.78 % |
Last Update: 2010-09-01
* Mortgage interest rates are subject to change without notice at any time. Some rates may be subject to minimum credit score, loan amount and may only be available certain lending areas. A quick closing loan condition may be required. Does not apply to preapprovals. Contact CanEquity for details. Although every attempt is made to ensure the accuracy of our website, the above mortgage information should only be used as a guideline and CanEquity makes no guarantees on any rates shown. CanEquity Mortgage always recommends that you consult a mortgage broker before making a decision. For any mortgage related questions or to speak to one of our mortgage specialists, please call 1-888-818-4262. CanEquity does not guarantee to have the lowest rate in Canada. We do make every attempt though to find the best deal possible for all of our clients.
§ Our mortgages are only available to Canadian residents or foreigners purchasing property located in Canada.
Other Important Interest Rates
Bank of Canada Rates and Statistics
| Exchange rates | 31/08/10 | 01/09/10 | +/- |
|---|
| $Can/US closing rate | 1.0665 | -- | -- |
| $Can/US noon rate | 1.0639 | 1.0497 | - 0.0142 |
| $US/Can noon rate | 0.9399 | 0.9527 | + 0.0128 |
| CERI * | 113.58 | 115.00 | + 1.42 |
| CERI excluding USD | 117.02 | 118.09 | + 1.07 |
| Money market | 30/08/10 | 31/08/10 | +/- |
|---|
| Overnight rate | 0.7481% | 0.7484% | + 0.0003 |
| Target for the overnight rate | 0.75% | 0.75% | 0.00 |
| Overnight repo rate (CORRA) | 0.7529% | 0.7545% | + 0.0016 |
| Corporate paper, 1 month | 0.83% | 0.84% | + 0.01 |
| Treasury bill, 1 month | 0.57% | 0.59% | + 0.02 |
| Bankers' Acceptances, 1 month | 0.89% | 0.92% | + 0.03 |
| Inflation | 06/10 | 07/10 | +/- |
|---|
| Inflation-control target range | 1—3 | 1—3 | -- |
| Total consumer price index ** | 1.0% | 1.8% | + 0.8 |
| Core consumer price index ** | 1.7% | 1.6% | - 0.1 |
| Interest rates | 18/08/10 | 25/08/10 | +/- |
|---|
| Prime business rate | 2.75% | 2.75% | 0.00 |
| Conventional mortgage, 5 year | 5.49% | 5.39% | - 0.10 |
| Bond yields | 30/08/10 | 31/08/10 | +/- |
|---|
| GoC marketable bonds, +10 yr | 3.35% | 3.36% | + 0.01 |
| GoC benchmark bonds, 3 yr | 1.53% | 1.49% | - 0.04 |
| Real return bond, long term | 1.31% | 1.34% | + 0.03 |
* Canadian-dollar effective exchange rate index
** 12-month per cent change
Last Update: 2010-09-01
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CanEquity offers a wide variety of mortgage loans to meet your needs.
Your money goes a lot further when you're paying your home off at a lower rate. Make sure your mortgage isn't weighing you down with high rates and ridiculous payments. View our mortgage rates chart to find the best interest rates in Canada.
While the penalties might make it seem scary at first, refinancing your mortgage can save you a lot of money in the long run. If your payments are too big, or your mortgage rate is too high, refinancing can save you from these problems. CanEquity mortgage brokers are available to answer any questions you may have about refinancing your mortgage at a lower rate.
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