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Mortgages: Closed, variable to 5 years
Financial Institution Term
Variable 6 Months 1 Year 2 Years 3 Years 4 Years 5 Years
ATB Financial 2.7500 4.1000 2.9900 2.8400 2.9400 3.0400 3.1400
Laurentian Bank Canada 3.2000 4.4000 3.1400 3.0400 3.3900 3.8900 4.8400
Bank of Nova Scotia 3.2000 4.7500 3.4900 3.0900 3.5400 3.8900 4.8400
CIBC Mortgages 3.2000 3.7500 3.0900 3.0400 3.5400 4.1900 4.8900
Alterna Bank 2.9500 4.0000 2.9900 2.8400 3.0500 3.0000 3.0900
Alterna Savings 3.3000 4.0000 2.9900 2.8400 3.0500 3.1000 3.1400
Comtech Credit Union - 6.2000 2.8400 2.8900 2.9500 2.9900 3.0400
Canadian Western Trust 2.9000 4.0000 3.1400 3.0400 3.6500 4.2000 4.7400
Effort Trust - 4.5000 4.0000 4.1000 4.3000 5.0000 5.1000
First National Financial 3.2000 3.1000 3.9900 3.6400 3.4900 3.5900 3.6400
HSBC Bank Canada 2.2900 3.3900 2.6900 2.8400 2.7400 2.8400 2.9400
Home Trust Company-Agent - - 3.1400 3.0400 3.6500 4.3900 4.6400
Investors Group Trust 3.0500 4.2000 3.0400 2.8900 3.3900 3.8900 4.8400
League Svgs & Mortgage - 4.4500 2.9900 2.8900 3.0900 3.1900 3.2400
London Life 3.0500 4.2000 3.0400 2.8900 3.3900 3.8900 4.8400
Manulife Bank 3.2000 4.4500 3.1000 3.1400 3.2400 3.3400 3.3900
Meridian Credit Union 2.8000 4.0000 2.8400 2.7900 3.3900 3.8900 3.0400
National Bank 2.9500 4.4000 3.1400 3.0400 3.3900 3.8900 4.8400
President's Choice Fin'l 3.2000 6.1900 3.2900 2.9400 3.4900 4.0900 4.5400
PACE Savings & Credit Un 2.7000 3.1400 3.1400 3.1900 3.8000 4.5400 4.7900
Royal Bank of Canada 3.2000 3.1400 3.1400 3.1900 3.8000 4.5400 4.7900
T-D Mortgage 3.3500 3.1400 3.0400 2.8400 3.4400 3.8900 4.9400
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.