| Mortgages: Closed, variable to 5 years | |||||||
|---|---|---|---|---|---|---|---|
| Financial Institution | Term | ||||||
| Variable | 6 Months | 1 Year | 2 Years | 3 Years | 4 Years | 5 Years | |
| Alterna Bank | 5.9500 | 6.3000 | 5.9900 | 5.8900 | 5.2400 | 5.6900 | 4.8400 |
| Alterna Savings | 5.9500 | 6.3000 | 5.9900 | 5.8900 | 5.2400 | 5.6900 | 4.8400 |
| Bank of Montreal | 6.7000 | 6.5900 | 6.2900 | 6.1900 | 6.0500 | 6.0400 | 6.4900 |
| Bank of Nova Scotia | 7.1500 | 7.2500 | 6.7900 | 6.5900 | 6.4400 | 6.3400 | 6.3400 |
| CIBC Mortgages | 6.7000 | 8.2500 | 6.3400 | 6.2400 | 6.2400 | 6.0400 | 6.4900 |
| Canada Life | 6.7000 | 6.5900 | 6.6500 | 6.1900 | 6.3900 | 6.0400 | 6.3400 |
| Canadian Western Bank | 6.9000 | 6.6200 | 5.9500 | 5.5500 | 5.2500 | 5.2500 | 5.3000 |
| Canadian Western Trust | 6.9000 | 6.6200 | 5.9500 | 5.5500 | 5.2500 | 5.2500 | 5.3000 |
| Comtech Fire Credit U. | - | 6.3900 | 5.8900 | 5.8400 | 5.7400 | 5.7900 | 5.5400 |
| Desjardins - Caisses | 6.7000 | 6.1900 | 6.1900 | 6.1900 | 6.1400 | 6.1400 | 6.4900 |
| Effort Trust | - | 6.4500 | 6.4500 | 6.6000 | 6.7500 | 6.9000 | 7.0500 |
| Equitable Bank | - | - | 6.4900 | 6.1900 | 5.9900 | 5.8900 | 4.9900 |
| First National Financial | 6.7000 | - | 6.0400 | 5.7400 | 5.5900 | 5.5400 | 5.0900 |
| FirstOntario Credit Un. | 6.5000 | 7.9400 | 6.4400 | 6.1900 | 5.9400 | 5.6900 | 5.2400 |
| HSBC Bank Canada | 6.0000 | 6.4400 | 6.0400 | 5.2400 | 4.9900 | 5.0400 | 4.7900 |
| Home Trust | 5.8000 | - | 5.9900 | 5.9900 | 5.6400 | 5.6400 | 4.8400 |
| IC Savings | - | 6.7000 | 6.3900 | 6.4500 | 6.4900 | 6.5900 | 6.6500 |
| ICICI Bank Canada | 6.5000 | - | 6.0900 | 6.0900 | 6.0900 | 6.0400 | 6.1400 |
| Investors Group Trust | 6.7000 | 6.5900 | 6.6500 | 6.1900 | 6.3900 | 6.0400 | 6.3400 |
| Kindred Credit Union | 6.7000 | - | 6.4500 | 6.4500 | 6.3000 | 6.1500 | 6.1000 |
| Laurentian Bank Canada | 4.8500 | 6.3400 | 6.1900 | 6.1900 | 6.1400 | 6.1400 | 6.4900 |
| Libro Credit Union | - | 6.7500 | 5.8900 | 5.8900 | 5.7900 | 5.6400 | 5.6400 |
| Luminus Financial | 7.2000 | - | 6.0500 | 5.9500 | 5.7500 | 5.8900 | 5.9900 |
| Manulife Bank | 6.7000 | 6.0900 | 6.0900 | 6.0900 | 5.8900 | 6.0400 | 5.7900 |
| Manulife Trust | - | 6.0900 | 6.0900 | 6.0900 | 5.8900 | 6.0400 | 5.7900 |
| Meridian Credit Union | 6.7000 | 6.7900 | 5.8900 | 5.2900 | 5.8900 | 5.9900 | 5.0900 |
| National Bank | 6.7000 | 6.3400 | 6.1900 | 6.1900 | 6.1400 | 6.0900 | 6.4900 |
| Parama Credit Union | 6.7000 | - | 5.9900 | 5.8900 | 5.7900 | 5.7900 | 5.6900 |
| Peace Hills Trust | - | 6.7400 | 5.9900 | 5.9600 | 5.8500 | 5.9500 | 5.8900 |
| Rapport Credit Union | 6.7000 | 6.0000 | 5.3900 | 5.5900 | 5.6900 | 5.7900 | 5.2900 |
| Royal Bank of Canada | 6.7000 | 6.7400 | 6.7400 | 6.4400 | 6.3000 | 6.2400 | 6.2900 |
| Steinbach Credit Union | - | - | 5.6000 | 5.7000 | 5.5000 | 5.5500 | 5.5500 |
| T-D Mortgage | 6.8500 | 6.5900 | 6.0900 | 5.7900 | 5.7900 | 6.0900 | 6.3400 |
| Tandia Financial CU | 6.4500 | 6.2500 | 6.2000 | 6.1000 | 6.0000 | 5.7000 | 5.7500 |
| Tangerine | 6.6500 | - | 6.5400 | 6.1500 | 5.7400 | 5.7400 | 5.7400 |
| 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. |
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Prepared by CANNEX on March 21, 2023 at 00:05:59 ET. This information is current as of the date and time posted and is subject to change without notice. © Copyright 2023 CANNEX Financial Exchanges Limited. All rights reserved. |