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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 3.3000 4.5000 3.3400 3.5400 3.7400 3.8400 3.8900
Laurentian Bank Canada 3.9500 4.4000 3.6400 3.8400 4.3400 4.8900 5.4900
Bank of Nova Scotia 4.1500 4.7500 3.7900 3.7900 4.4400 4.5900 5.4400
CIBC Mortgages 3.9500 3.7500 3.5400 3.6400 3.9400 4.4900 5.3400
Alterna Bank 3.4000 4.4000 3.6400 3.8400 3.7400 4.9400 3.8400
Alterna Savings 3.4500 4.4000 3.6900 3.8900 3.7900 4.9900 3.8900
Comtech Credit Union - 6.2000 3.3900 3.4900 3.6900 3.7400 3.7900
Canadian Western Trust 3.7500 3.7300 3.3400 3.4400 3.5900 3.6400 3.7400
Effort Trust - 4.5000 4.4000 4.5000 4.9500 5.0000 5.3000
First National Financial 3.9500 4.5000 4.2900 3.9900 3.9900 3.9900 3.8900
HSBC Bank Canada 3.0400 3.6900 3.3900 3.4900 3.5400 3.6400 3.7400
Investors Group Trust 3.7000 4.2000 3.4900 3.5900 4.1400 4.8900 5.3400
League Svgs & Mortgage - 4.4500 3.4500 3.5500 3.6500 3.7500 3.8500
London Life 3.7000 4.2000 3.4900 3.5900 4.1400 4.8900 5.3400
Manulife Bank 4.4500 4.4500 3.6900 3.7900 3.8900 3.9400 4.0400
Meridian Credit Union 3.1500 4.0000 3.2400 3.4900 3.7400 3.8900 3.6900
National Bank 3.9500 4.5000 3.6400 3.8900 4.3000 4.8900 5.3400
PACE Savings & Credit Un 3.7000 5.5000 3.8900 3.9900 4.1500 4.8900 5.1400
Royal Bank of Canada 3.9500 3.6400 3.6400 3.8900 4.4500 5.0400 5.3400
T-D Mortgage 4.1000 3.3400 3.5900 3.7400 3.8900 3.9400 5.5900
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.