Mortgages: Closed, variable to 5 years
Financial Institution Term
Variable 6 Months 1 Year 2 Years 3 Years 4 Years 5 Years
ATB Financial 2.4500 4.5000 3.0900 3.2900 3.4900 3.5400 2.5900
Alterna Bank 2.9500 3.2500 3.1900 3.3900 2.6400 4.3400 2.8400
Alterna Savings 2.9500 3.2500 3.1900 3.3900 2.6400 4.3400 2.8400
Bank of Montreal 2.4500 4.2000 3.0900 3.3900 3.8900 4.3400 4.9400
Bank of Nova Scotia 2.6500 4.2500 3.1900 3.2900 3.8900 4.1900 4.9400
CIBC Mortgages 2.4500 3.7500 3.1900 2.8900 3.6900 4.3400 4.9400
Canada Life 3.9500 4.2000 3.4900 3.5900 4.1400 4.8900 5.1900
Canadian Western Bank 2.2000 3.9400 2.2400 2.2400 2.1400 2.2400 2.0900
Canadian Western Trust 2.6500 3.9400 2.2400 2.2400 2.1400 2.2400 2.0900
Comtech Fire Credit U. - 6.2000 3.3900 3.4900 3.6900 3.7400 3.4900
Desjardins - Caisses 2.4500 4.4000 3.1900 3.4900 3.8900 4.2900 4.9400
Effort Trust - 4.1500 4.1500 4.2500 4.3500 4.4500 4.5500
Equitable Bank - - 3.0400 3.3900 3.9000 4.4400 4.9400
First National Financial 2.4500 - 3.0400 2.8400 2.6900 2.5900 2.4900
FirstOntario Credit Un. 2.5500 4.9400 3.1990 2.4900 2.5400 2.5400 2.6400
HSBC Bank Canada 2.0500 3.1900 2.4900 2.0400 2.3900 2.4400 2.2900
Home Trust 2.1000 - 3.9900 3.5400 3.7900 3.8500 2.2400
Investors Group Trust 3.9500 4.2000 3.4900 3.5900 4.1400 4.8900 4.9400
Kindred Credit Union 2.4500 - 3.0500 3.1000 3.1500 3.2000 2.5900
Laurentian Bank Canada 2.6500 4.4000 3.3900 3.4900 3.8900 4.3900 4.9400
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 2.3500 3.8900 3.2900 2.7900 2.7900 3.8900 2.6400
National Bank 2.4500 4.4000 3.0400 3.3900 3.8900 4.4400 4.9400
Parama Credit Union 2.7000 - 3.1900 3.2900 3.3900 3.4900 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 4.9900
Royal Bank of Canada 2.4500 3.0400 3.0400 3.3900 3.9000 4.4400 4.9400
Simplii Financial 2.4500 6.1900 3.1900 2.8900 3.7900 4.3900 4.8900
Steinbach Credit Union - - 2.6500 2.6500 2.6500 2.6500 2.4900
T-D Mortgage 2.6000 3.1400 3.2400 3.3900 3.7900 3.9400 4.8400
Tangerine 2.4500 - 3.0900 2.4900 2.4900 2.5900 2.4400
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.