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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 2.9900 3.1900 3.2900 3.3400
Laurentian Bank Canada 3.2000 4.4000 3.2400 3.2400 3.5900 4.0900 4.9900
Bank of Nova Scotia 3.2000 4.7500 3.4900 3.2900 3.7400 4.0900 4.9900
CIBC Mortgages 3.2000 3.7500 3.1400 3.0900 3.5400 4.1900 4.8900
Alterna Bank 2.9500 4.0000 2.9900 2.8400 3.0500 3.0000 3.0900
Alterna Savings 3.0500 4.0000 2.9900 2.8400 3.0500 3.1000 3.1900
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 3.8900 3.4900 3.2900 3.4400 3.4400
HSBC Bank Canada 2.2900 3.6900 2.9400 2.9400 2.9900 3.0400 3.0400
Home Trust Company-Agent - - 3.2400 3.2900 3.9000 4.6400 4.8900
Investors Group Trust 3.2000 4.2000 3.1500 3.1500 3.5900 4.0900 4.9900
League Svgs & Mortgage - 4.4500 3.1000 3.1500 3.2500 3.3500 3.4000
London Life 3.2000 4.2000 3.1500 3.1500 3.5900 4.0900 4.9900
Manulife Bank 3.2000 4.4500 3.1400 3.2400 3.3400 3.4440 3.4900
Meridian Credit Union 2.8000 4.0000 2.8400 2.2200 3.3900 3.8900 3.1500
National Bank 3.2000 4.4000 3.2400 3.2400 3.5900 3.8900 4.9900
PACE Savings & Credit Un 2.7000 3.1400 3.1400 3.1900 3.8000 4.5400 4.7900
Royal Bank of Canada 3.2000 3.3400 3.3400 3.3900 4.0000 4.7400 4.9900
T-D Mortgage 3.3500 3.1400 3.0400 3.2400 3.4400 3.8900 4.9900
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.