CURRENT MORTGAGE RATES
Due to fluctuating financial markets, mortgage rates are in constant change. We shop the most competitive banks and lenders in Canada to bring you the lowest mortgage interest rates, at NO COST to our customers!
Compare our mortgage rates with those of other lenders or use the convenient Mortgage Calculator to estimate your mortgage payment. We regularly update the mortgage rate comparison chart below, but please contact us today to review todays current rates or to schedule a complimentary meeting to discuss your mortgage and financing goals.
- Posted Rate
- Our Rates
OAC, E&OE, Rates are subject to change
Mortgages can vary with the terms and conditions in addition to the mortgage interest rate. Every mortgage is customized to an individual’s particular needs. To find the best mortgage rate and payment for you, let’s compare all of your options today!
Fixed Rate vs. Variable Mortgage Rates
A Fixed Rate Mortgage is the most popular mortgage repayment option in Canada. With a fixed mortgage rate your payment stays constant over the duration of your term so you are protected against interest rate fluctuations. The main benefit of this type of mortgage repayment plan is security. The borrower knows what the payment is throughout the term of the mortgage and can budget accordingly. This constant payment is often important, especially for first time home buyers who may be used to renting and paying a fixed amount for shelter every month (Rent).
Variable mortgage rates are typically lower than fixed mortgage rates, but can vary over the duration of the term. Variable mortgages are prone to market behaviour (via the prime rate) which means your payment amounts can change over time.
A fixed mortgage offers stability as your mortgage rate and payment will remain the same each month. This security is the reason why fixed interest rates are higher.