Mortgages: Closed, variable to 5 years
Financial Institution Term
Variable 6 Months 1 Year 2 Years 3 Years 4 Years 5 Years
Alterna Bank 4.3000 6.7900 5.3900 5.0900 4.0900 4.5900 4.1900
Alterna Savings 4.3000 6.7900 5.3900 5.0900 4.0900 4.5900 4.1900
Bank of Montreal 4.9500 6.0900 6.0900 5.3900 6.0500 5.9900 6.0900
Bank of Nova Scotia 5.4000 6.0900 6.0900 5.3900 6.0500 5.9900 6.0900
CIBC Mortgages 4.9500 7.5500 5.2400 5.4900 6.6400 6.1900 6.4900
Comtech Fire Credit U. - 7.2900 6.4400 6.3900 4.4900 4.4900 4.4900
Desjardins - Caisses 4.9500 7.9900 6.0900 5.8900 6.0900 6.1400 6.1900
Effort Trust - 5.2500 5.2500 5.0900 5.0900 5.0900 5.0000
First National Financial 4.9500 - 5.0900 4.5400 4.8400 4.9400 4.9400
FirstOntario Credit Un. 4.7000 6.0900 5.0900 4.5400 4.2400 4.5900 4.4900
Home Trust 4.0500 - 7.3500 5.9200 4.7400 5.6700 4.4900
IC Savings - 4.9900 4.9900 4.5400 4.3900 4.4900 4.5400
Kindred Credit Union 4.9500 - 5.1500 4.9000 4.7000 4.7000 4.7000
Laurentian Bank Canada 6.4500 7.8400 6.0900 5.9400 5.9900 5.9900 6.0900
Libro Credit Union - 7.7500 5.2400 5.1400 4.8400 4.8400 4.8400
Luminus Financial - - 6.3200 6.0500 4.7400 5.9500 4.8600
Manulife Bank 4.9500 7.9900 7.1400 6.5900 5.2400 5.5400 5.1900
Meridian Credit Union 4.3900 7.8400 6.0900 5.7400 4.3400 6.1900 4.5400
National Bank 4.9500 6.0900 6.0900 5.3900 6.0500 5.9900 6.0900
Parama Credit Union 4.9500 - 5.1900 4.9900 4.7900 4.6900 4.5900
Peace Hills Trust - 7.7400 5.4900 5.3900 4.8900 4.8900 4.5900
Royal Bank of Canada 4.9500 6.0900 6.0900 5.3900 6.0500 5.9900 6.0900
Steinbach Credit Union - - 5.0900 4.6900 4.1900 4.0900 4.0900
T-D Mortgage 5.1000 6.0900 6.0900 5.3900 6.0500 5.9900 6.0900
Tangerine 4.5000 - 5.9900 5.1400 4.4400 4.4900 4.4900
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.