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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 2.5500 4.5000 3.0900 3.3400 3.4400 3.4900 3.5400
Laurentian Bank Canada 3.4500 4.4000 3.4900 3.7400 4.1500 4.8900 5.4900
Bank of Nova Scotia 3.4500 4.7500 3.6900 3.5900 4.0400 4.4900 5.3400
CIBC Mortgages 3.4500 3.7500 3.3900 3.3400 3.6400 4.2900 5.1400
Alterna Bank 2.4500 4.4000 3.2900 3.2500 3.2900 3.2500 3.4500
Alterna Savings 2.4500 4.4000 3.5900 3.6400 4.0900 4.4900 3.5900
Comtech Credit Union - 6.2000 3.0500 3.1000 3.1500 3.2000 3.4500
Canadian Western Trust 2.9000 4.0000 3.1400 3.0400 3.6500 4.2000 4.7400
Effort Trust Company - 4.5000 4.0000 4.1000 4.1500 4.6000 4.8500
First National Financial 3.4500 4.0900 4.0900 3.6400 3.6400 3.6900 3.9400
HSBC Bank Canada 2.3900 3.6900 2.9900 3.0900 3.1400 3.2900 3.3400
Home Trust Company-Agent - - 3.4900 3.7400 4.3000 5.0400 5.3400
Investors Group Trust 3.4500 4.2000 3.4900 3.5900 4.1400 4.8900 5.3400
League Svgs & Mortgage - 4.4500 3.2500 3.3500 3.5000 3.6000 3.7500
London Life 3.4500 4.2000 3.4900 3.5900 4.1400 4.8900 5.3400
Manulife Bank 3.9500 4.4500 3.3400 3.4400 3.5400 3.6400 3.8400
Meridian Credit Union 3.0500 4.0000 3.0400 3.1400 3.3900 3.8900 3.2900
National Bank 3.4500 4.4000 3.4900 3.7400 4.3000 4.8900 5.3400
PACE Savings & Credit Un 2.7000 3.1400 3.8900 3.9900 4.1500 4.8900 5.1400
Royal Bank of Canada 3.4500 3.4900 3.4900 3.7400 4.3000 5.0400 5.3400
T-D Mortgage 3.6000 3.1400 3.0400 3.4400 3.5900 3.8900 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.