CanEquity Mortgage - Current Canadian Mortgage Rate Comparisons

Mortgage Rate Comparison

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

1.75*/1.75

3.75

2.35

2.95

3.25

3.64

3.69

AGF Trust

4.65

2.75

2.85

3.25

3.89

3.79

ATB Financial

2.15

4.65

3.40

3.75

4.15

5.04

4.09

Alterna Bank

4.40

3.35

3.65

3.69

3.94

Alterna Savings

4.40

3.35

3.65

3.69

3.94

Bank of Montreal (BMO)

2.10

4.65

4.00

3.75

4.15

4.94

5.25

Bank of Nova Scotia

2.10

4.65

4.35

3.95

4.30

4.94

5.25

Bridgewater Bank

5.99

5.75

3.47

3.94

CIBC Mortgages

2.25

4.65

3.60

3.75

4.15

4.94

5.25

Caisses Desjardins

3.50

3.75

4.15

4.94

5.25

Canadian Western Bank

2.25

4.65

3.60

3.75

4.15

5.04

5.39

Canadian Western Trust

2.25

4.65

3.60

3.75

4.15

5.04

5.39

Citibank

4.65

3.60

3.75

4.15

5.04

5.39

Comtech Credit Union

6.60

2.65

3.99

3.72

Concentra Financial

4.65

3.60

3.75

4.15

4.94

5.25

DUCA Financial Services

1.98

4.40

2.60

3.25

3.45

3.75

3.85

Effort Trust

3.35

3.70

4.10

4.90

5.20

Equitable Trust

3.40

3.75

4.15

4.94

5.25

First Calgary Savings

4.65

3.60

3.75

2.99

3.59

3.99

First National Financial LP

1.85

4.60

2.65

2.95

3.50

3.69

3.89

FirstLine Mortgages

2.15

4.75

2.80

3.25

3.75

4.14

4.19

FirstOntario Credit Union

2.25

4.35

2.79

3.59

3.69

3.89

3.84

HSBC Bank Canada

2.25

4.65

4.35

3.95

4.50

5.14

5.49

Home Trust Company

2.65

3.50

3.89

ICICI Bank Canada

3.50

4.00

4.25

4.50

4.85

5.85

ING Direct

1.85

2.65

3.15

3.49

3.69

3.89

Investors Group Trust

3.25

4.65

3.60

3.75

4.15

4.94

5.25

Key Savings & CU

4.65

3.40

3.65

2.99

4.74

3.99

Laurentian Bank Canada

2.15

3.85

3.60

3.75

4.15

4.94

5.24

League Savings & Mortgage

4.65

3.60

3.75

4.15

4.94

5.25

Libro Financial Group

4.45

3.60

3.75

4.25

4.90

4.99

London Life

3.25

4.65

3.60

3.75

4.15

4.94

5.25

Macquarie Financial Ltd.

2.05

2.79

3.59

4.19

Manulife Bank

4.40

3.25

3.60

3.75

4.00

4.09

Meridian Credit Union

1.95

4.65

3.60

3.75

4.25

3.69

3.74

National Bank

2.25

3.60

3.75

4.15

4.94

5.25

Ontario Civil Service CU

6.10

2.50

4.00

3.15

3.94

4.25

PACE Savings & CU

4.65

3.60

3.75

4.15

4.94

5.25

Parama Credit Union

2.25

3.10

3.35

3.80

4.05

4.60

Peace Hills Trust

6.00

4.35

4.25

5.04

5.39

President's Choice Financial

1.95

6.84

2.90

4.00

3.50

3.89

3.94

Promutuel Capital

3.75

3.80

4.05

4.60

4.85

4.99

ResMor Trust

2.15

3.09

3.69

4.04

Royal Bank of Canada (RBC)

2.10

4.65

3.40

3.75

4.15

4.94

5.25

Servus Credit Union

4.65

3.60

3.75

4.15

4.94

5.25

So-Use Credit Union

6.30

2.75

3.85

3.65

4.15

4.35

Steinbach Credit Union

4.00

3.40

3.50

3.60

3.75

TD CanadaTrust

2.10

4.60

3.65

3.95

4.30

4.94

5.25

Ukrainian Credit Union

4.75

2.45

3.75

3.60

3.85

3.95

Virtual One Credit Union

3.50

4.00

4.50

5.00

3.74

Windsor Family CU

4.65

3.65

3.95

4.15

4.85

5.35

Your Credit Union

3.75

3.60

3.95

4.50

5.19

4.10

Your Neighbourhood CU

2.80

3.35

4.05

4.55

4.65

Last Update: 2010-03-18

Bank of Canada Rates and Statistics

Exchange rates

17/03/10

18/03/10

+/-

$Can/US closing rate

1.0103

$Can/US noon rate

1.0113

1.0139

+ 0.0026

$US/Can noon rate

0.9888

0.9863

- 0.0025

CERI *

118.89

118.71

- 0.18

CERI excluding USD

120.55

120.75

+ 0.20

Money market

16/03/10

17/03/10

+/-

Overnight rate

0.2445%

0.2413%

- 0.0032

Target for the overnight rate

0.25%

0.00

Overnight repo rate (CORRA)

0.2345%

0.2290%

- 0.0055

Corporate paper, 1 month

0.35%

0.00

Treasury bill, 1 month

0.16%

0.15%

- 0.01

Bankers' Acceptances, 1 month

0.34%

0.33%

- 0.01

Inflation

12/09

01/10

+/-

Inflation-control target range

1—3

Total consumer price index **

1.3%

1.9%

+ 0.6

Core consumer price index **

1.5%

2.0%

+ 0.5

Interest rates

10/03/10

17/03/10

+/-

Prime business rate

2.25%

0.00

Conventional mortgage, 5 year

5.39%

5.25%

- 0.14

Bond yields

16/03/10

17/03/10

+/-

GoC marketable bonds, +10 yr

3.94%

3.97%

+ 0.03

GoC benchmark bonds, 3 yr

1.85%

1.90%

+ 0.05

Real return bond, long term

1.57%

1.59%

+ 0.02

Last Update: 2010-03-18

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.

FREE Consultation

Contact one of our Canadian Mortgage Brokers for a FREE credit check and mortgage qualification report. We service all major cities in Canada including Toronto, Quebec & Montreal, Victoria & Vancouver, Calgary & Edmonton, Halifax, and St. John's. Save time, money and aggravation by letting us track down the lowest rates offered by Canadian mortgage lenders.

Product Popularity

Below is a tally of our most popular mortgage product inquiries made using our secure online application for Internet users in Burlington.

Mortgage Type		Inquiries
Qualification		22.99%
Refinance		20.11%
First-time Buyer		14.37%
Renewal		13.79%
No Money Down		10.34%
Purchase		7.18%
Variable Rate		2.59%
Pre-approval		2.30%
Second Mortgage		1.44%
Low Doc		1.44%
Home Renovation		1.15%
Other		2.3%
Last Tally: Mar 17 at 01:06:08

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

Variable Rate Loan

Introductory
1.75%^*

The most effective variable mortgage product available to you.

Canadian Rates

Mortgage Rate Comparison

Bank of Canada Rates and Statistics