Mortgages: Closed, variable to 5 years
Financial Institution Term
Variable 6 Months 1 Year 2 Years 3 Years 4 Years 5 Years
ATB Financial 2.1500 4.5000 3.0900 3.2900 3.4900 3.5400 2.0900
Alterna Bank 2.9500 3.2500 2.1400 2.1400 2.1400 2.1400 2.4400
Alterna Savings 2.9500 3.2500 2.1400 2.1400 2.1400 2.1400 2.4400
Bank of Montreal 2.4500 4.2000 3.0900 3.2900 3.7500 4.2400 4.7900
Bank of Nova Scotia 2.6500 4.2500 3.0900 3.1900 3.7900 4.0900 4.7900
CIBC Mortgages 2.4500 3.7500 3.1900 2.8900 3.5900 4.2400 4.7900
Canada Life 3.9500 4.2000 3.1000 3.2000 3.6500 4.2400 4.7900
Canadian Western Bank 2.2000 3.9400 2.0900 2.0900 2.0400 2.0900 1.9900
Canadian Western Trust 2.6500 3.9400 2.0900 2.0900 2.0400 2.0900 1.9900
Comtech Fire Credit U. - 6.2000 3.3900 3.4900 3.6900 3.7400 3.4900
Desjardins - Caisses 2.4500 4.4000 2.8900 3.0400 3.5400 4.0900 4.7400
Effort Trust - 4.1500 4.1500 4.2500 4.3500 4.4500 4.5500
Equitable Bank - - 2.6900 3.0400 3.5500 4.0900 4.7900
First National Financial 2.4500 - 3.0400 2.8400 2.6900 2.5900 2.4900
FirstOntario Credit Un. 2.5500 4.9400 2.6900 2.0400 2.0400 2.0900 2.1400
HSBC Bank Canada 1.7900 3.1900 1.9900 1.8400 1.9900 2.0400 1.8900
Home Trust 1.9500 - 3.9900 3.5400 3.7900 3.8500 1.9900
Investors Group Trust 3.9500 4.2000 3.1000 3.2000 3.6500 4.2400 4.7900
Kindred Credit Union 2.4500 - 2.8000 2.8500 2.9000 2.9500 2.9900
Laurentian Bank Canada 2.4500 4.4000 2.8900 3.0400 3.5400 4.0900 4.7400
Libro Credit Union - 4.7500 2.5900 2.5900 2.6400 2.6900 2.7400
Luminus Financial 3.5000 - 4.1000 4.2000 4.3500 4.8000 3.9900
Manulife Bank 3.0500 4.4500 3.2400 2.8900 2.8900 2.8900 2.7900
Manulife Trust - 4.4500 3.2400 2.8900 2.8900 2.8900 2.7900
Meridian Credit Union 2.0500 3.8900 3.0900 2.2900 2.2900 3.8900 2.1400
National Bank 2.4500 4.4000 2.6900 3.0400 3.5400 4.0900 4.7900
Parama Credit Union 2.7000 - 3.0900 3.1900 3.2900 3.3900 3.4900
Peace Hills Trust - 4.2500 3.1000 3.2500 3.5000 3.8000 3.9500
Rapport Credit Union 2.9500 6.0000 3.5900 3.7400 3.8900 3.9400 4.7900
Royal Bank of Canada 2.4500 2.6900 2.6900 3.0400 3.5500 4.0900 4.7900
Simplii Financial 2.4500 6.1900 3.1900 2.8900 3.6400 4.2900 4.7400
Steinbach Credit Union - - 2.1400 2.2500 2.2500 2.2500 2.1400
T-D Mortgage 2.6000 3.0900 3.1400 3.1900 3.4900 3.7400 4.5900
Tangerine 1.8000 - 2.7900 2.0900 2.0900 2.0900 1.8400
A mortgage is a contract stipulating a specific property, typically a residence or building, as collateral for a loan. The mortgage incurs a rate of interest that varies according to term and other features. Closed mortgages involve a strict repayment schedule of a specific amount with optional limited lump sum payments and payment increases.