Mortgages: Closed, variable to 5 years
Financial Institution Term
Variable 6 Months 1 Year 2 Years 3 Years 4 Years 5 Years
ATB Financial 3.2500 4.5000 3.3900 3.4900 3.4900 3.5400 2.9900
Alterna Bank 2.9400 4.4000 3.6400 3.8400 2.7900 4.9400 2.8400
Alterna Savings 2.9900 4.4000 3.6900 2.1900 2.8400 4.9900 2.8900
Bank of Montreal 4.1000 4.2000 3.6400 3.8900 4.2900 4.8900 5.1900
Bank of Nova Scotia 4.1500 4.7500 3.6400 3.7400 4.3900 4.5900 5.1900
CIBC Mortgages 3.9500 3.7500 3.3900 3.3900 3.9400 4.4900 5.3400
Canadian Western Bank 3.3500 3.9400 2.9400 2.8400 2.8400 2.8900 2.9400
Canadian Western Trust 3.3500 3.9400 2.9400 2.8400 2.8400 2.8900 2.9400
Comtech Fire Credit U. - 6.2000 3.3900 3.4900 3.6900 3.7400 3.4900
Desjardins - Caisses 3.9500 4.4000 3.6900 3.8900 4.3400 4.8900 5.1900
Effort Trust - 4.5000 4.4000 4.5000 4.7500 4.9000 4.9500
Equitable Bank - - 3.6400 3.8900 4.4500 4.9900 5.1900
First National Financial 3.9500 4.4900 3.9900 3.1900 2.9900 2.9900 2.9400
FirstOntario Credit Un. 3.4000 4.9400 3.6900 3.7400 3.7900 3.8900 2.9900
HSBC Bank Canada 2.9400 3.1900 2.9400 2.6900 2.6900 2.7400 2.6900
Home Trust 3.0000 - 3.9900 3.5400 3.7900 3.8500 2.7900
Investors Group Trust 3.7000 4.2000 3.4900 3.5900 4.1400 4.8900 5.3400
Kindred Credit Union 3.9500 - 3.6500 3.7000 3.7000 3.7500 3.4900
Laurentian Bank Canada 3.9500 4.4000 3.6900 3.8900 4.3400 4.8900 5.1900
Libro Credit Union - 4.7500 2.9400 2.9400 2.9900 2.9900 2.9900
London Life 3.7000 4.2000 3.4900 3.5900 4.1400 4.8900 5.3400
Luminus Financial 4.0000 - 4.1000 4.2000 4.3500 4.8000 5.3400
Manulife Bank 4.4500 4.4500 3.6900 3.6900 3.6900 3.7400 3.7900
Manulife Trust - 4.4500 3.6900 3.6900 3.6900 3.7400 3.7900
Meridian Credit Union 3.1500 4.0000 3.2400 2.4900 3.7400 3.8900 2.5900
National Bank 3.9500 4.5000 3.3900 3.4900 3.9400 4.8900 5.1900
Parama Credit Union 3.7000 - 3.5000 3.6000 3.7000 3.8000 3.9000
Peace Hills Trust - 4.5000 3.3500 3.5000 3.7500 4.0500 4.2500
Rapport Credit Union 3.7000 6.0000 3.5400 3.5900 4.0400 4.4400 5.1900
Royal Bank of Canada 3.9500 3.6400 3.6400 3.8900 4.4500 4.9900 5.1900
Simplii Financial 3.9500 6.1900 3.3900 3.3900 3.8900 4.3900 4.9900
Steinbach Credit Union - - 3.2500 2.8900 2.8900 2.8900 2.9900
T-D Mortgage 4.1000 3.3400 3.5900 3.7400 3.8900 3.9400 5.3400
Tangerine 3.2500 - 3.4900 2.7400 2.7900 2.9400 2.8900
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.