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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

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 2.65*/2.65 5.00 2.75 2.95 3.55 4.09 4.39
AGF Trust - 4.99 4.90 4.50 4.65 5.24 5.85
ATB Financial 2.85 4.60 3.75 4.05 4.55 5.15 4.55
Alterna Bank - 4.50 3.65 3.95 4.19 4.19 4.54
Alterna Savings - 4.50 3.65 3.95 4.19 4.19 4.54
Bank of Montreal (BMO) 2.85 4.75 3.90 4.05 4.55 5.24 5.85
Bank of Nova Scotia
 2.85 4.75 4.75 4.50 4.65 5.15 5.85
Bridgewater Bank 5.75 - 5.99 5.75 4.09 - 4.49
CIBC Mortgages 3.25 4.60 3.75 4.05 4.55 5.24 5.85
Caisses Desjardins - 3.75 3.75 4.05 4.65 5.15 5.85
Canadian Tire Bank 3.25 - 4.50 4.25 4.25 4.25 4.59
Canadian Western Bank 3.75 4.75 3.90 4.05 4.55 5.24 5.85
Canadian Western Trust 3.75 4.75 3.90 4.05 4.55 5.24 5.85
Citibank - 4.75 3.90 4.05 4.65 5.24 5.85
Comtech Credit Union - 6.60 3.39 3.99 3.99 3.99 4.49
Concentra Financial - 4.75 4.75 4.50 4.65 5.24 5.85
DUCA Financial Services 2.85 4.40 2.99 3.50 4.00 4.25 4.35
Effort Trust - 3.90 3.90 4.00 4.50 5.20 5.50
Equitable Trust - - 3.90 4.05 4.65 5.24 5.85
First Calgary Savings - 4.75 3.49 4.05 3.99 5.24 3.99
First National Financial LP 2.85 4.60 2.75 3.05 3.65 4.09 4.49
FirstLine Mortgages 2.85 7.90 3.05 3.35 4.14 4.49 4.79
FirstOntario Credit Union 3.95 4.49 3.09 3.79 4.39 4.29 4.59
HSBC Bank Canada 4.00 5.20 4.50 5.00 5.15 5.44 5.79
Home Trust Company - - 2.99 - 3.79 - 4.39
ICICI Bank Canada 3.50 - 4.00 4.25 4.50 4.85 5.85
ING Direct 2.85 - 3.39 3.59 3.65 4.09 4.49
Investors Group Trust 3.25 4.75 3.90 4.05 4.55 5.24 5.85
Key Savings & CU - 4.75 3.49 4.05 3.99 4.99 4.99
Lambton Financial CU 3.75 - 3.75 3.90 3.95 4.20 4.65
Laurentian Bank Canada 3.25 3.95 3.75 4.05 4.65 5.15 5.85
League Savings & Mortgage - 4.75 3.90 4.05 4.55 5.24 5.85
Libro Financial Group - 4.75 3.90 4.05 4.55 4.95 5.20
London Life 3.25 4.75 3.90 4.05 4.55 5.24 5.85
Macquarie Financial Ltd. 2.75 - 3.59 - 3.74 - 4.49
Manulife Bank - 4.75 3.75 4.00 4.15 4.20 4.25
Meridian Credit Union 2.85 4.75 2.25 4.05 4.55 4.09 4.55
National Bank 3.25 3.75 3.75 4.05 4.65 5.15 5.85
Ontario Civil Service CU - 6.00 4.15 4.40 4.15 4.69 4.55
PACE Savings & CU - 4.75 4.75 4.50 4.65 5.24 5.85
Parama Credit Union 4.00 - 3.50 3.75 4.00 4.50 4.85
Peace Hills Trust - 6.00 5.00 4.50 4.65 5.25 5.85
President's Choice Financial
 2.85 6.84 2.90 3.10 3.89 4.24 4.54
Promutuel Capital - 4.00 4.00 4.40 4.55 4.75 4.69
ResMor Trust 2.60 - 3.49 - 3.84 - 4.49
Royal Bank of Canada (RBC) 2.85 4.75 3.90 4.05 4.55 5.24 5.85
Servus Credit Union - 4.75 3.90 4.05 4.55 5.24 5.85
So-Use Credit Union - 6.30 4.00 4.00 4.25 4.25 4.55
Steinbach Credit Union - - 4.00 3.30 3.90 4.10 4.50
TD CanadaTrust 2.85 4.60 3.75 4.05 4.65 5.14 5.85
Ukrainian Credit Union - 4.75 2.85 3.45 3.68 4.42 4.55
Virtual One Credit Union - - 3.50 4.00 4.50 5.00 5.25
Windsor Family CU - 4.75 3.90 4.50 4.65 4.85 5.45
Your Credit Union 4.00 - 3.95 3.85 4.55 5.25 4.45
Your Neighbourhood CU - - 3.60 4.30 4.50 4.80 5.05
Last Update: 2009-07-02

Bank of Canada Rates and Statistics

Exchange rates    29/06/0930/06/09+/-
$Can/US closing rate1.15671.1630+ 0.0063
$Can/US noon rate1.15831.1625+ 0.0042
$US/Can noon rate0.86330.8602- 0.0031
CERI *103.87103.56- 0.31
CERI excluding USD105.54105.43- 0.11
Money market    29/06/0930/06/09+/-
Overnight rate0.2360% 0.2483% + 0.0123
Target for the overnight rate0.25%0.25% 0.00
Overnight repo rate (CORRA)0.2203%0.2422% + 0.0219
Corporate paper, 1 month0.49%0.49% 0.00
Treasury bill, 1 month0.17%0.18%+ 0.01
Bankers' Acceptances, 1 month0.29%0.29% 0.00
Inflation    04/0905/09+/-
Inflation-control target range1—31—3 --
Total consumer price index **0.4%0.1%- 0.3
Core consumer price index **1.8%2.0%+ 0.2
Interest rates    17/06/0924/06/09+/-
Prime business rate2.25%2.25% 0.00
Conventional mortgage, 5 year5.85%5.85% 0.00
Bond yields    29/06/0930/06/09+/-
GoC marketable bonds, +10 yr3.95%3.91%- 0.04
GoC benchmark bonds, 3 yr1.84%1.84% 0.00
Real return bond, long term1.90%1.86%- 0.04

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

Last Update: 2009-07-02

 
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