Mortgages: Closed, variable to 5 years
Financial Institution Term
Variable 6 Months 1 Year 2 Years 3 Years 4 Years 5 Years
Alterna Bank 6.5500 7.1400 7.1400 7.0400 5.3400 5.8900 5.0900
Alterna Savings 6.5500 7.1400 7.1400 7.0400 5.3400 5.8900 5.0900
Bank of Montreal 6.9500 7.8400 7.7400 7.3400 6.9500 6.7400 6.7900
Bank of Nova Scotia 7.4000 7.8500 7.8400 7.3900 6.9400 6.7400 6.7900
CIBC Mortgages 6.9500 8.2500 7.4400 7.1900 6.9900 6.7400 6.8400
Canadian Western Bank 6.6000 7.9500 7.0500 6.5400 5.5900 5.5400 5.2900
Canadian Western Trust 6.6000 7.9500 7.0500 6.5400 5.5900 5.5400 5.2900
Comtech Fire Credit U. - 7.2900 7.0400 6.3900 5.4900 6.2900 6.1900
Desjardins - Caisses 6.9500 7.9900 7.8400 7.3900 6.9900 6.7900 6.8400
Effort Trust - 6.9000 6.9000 6.6000 6.4500 6.3500 6.3500
Equitable Bank - - 7.4400 6.4400 5.8400 5.6900 5.3400
First National Financial 6.9500 - 7.3500 6.5200 5.7600 5.6700 5.6700
FirstOntario Credit Un. 6.5000 8.0900 6.4900 6.2400 5.6400 5.7400 5.5900
Home Trust 6.0500 - 7.6900 6.7900 5.2400 6.2600 4.8900
IC Savings - 8.3500 6.8900 6.1900 5.4400 5.2900 5.3400
Investors Group Trust 6.9500 8.1400 7.8400 7.3400 7.2000 6.7400 6.7900
Kindred Credit Union 6.9500 - 7.4500 7.3500 7.1500 6.7500 6.4900
Laurentian Bank Canada 6.9500 7.9400 7.8900 7.3400 6.9900 6.8400 6.8400
Libro Credit Union - 7.7500 6.7900 6.3900 5.8900 5.9900 5.6900
Luminus Financial 7.9500 - 7.4000 7.0000 6.8500 6.7500 6.3500
Manulife Bank 6.9500 7.9900 7.8900 7.4900 6.1900 6.4400 5.9400
Manulife Trust - 7.9900 7.8900 7.4900 6.1900 6.4400 5.9400
Meridian Credit Union 6.7000 7.9400 7.8400 7.3400 5.3900 6.7900 5.2900
Moya Financial C.U 7.9500 - 7.4500 7.2500 7.0500 6.6500 6.4500
National Bank 7.2000 7.9400 7.8400 7.3900 6.9900 6.7400 6.8400
Parama Credit Union 6.9500 - 6.5900 6.1900 5.8900 5.6900 5.4900
Peace Hills Trust - 7.7400 7.2700 6.8900 6.4600 6.2400 5.8800
Rapport Credit Union 6.9500 6.0000 7.1900 6.8400 5.6500 6.6900 4.9900
Royal Bank of Canada 6.9500 7.8400 7.8400 7.4400 6.9500 6.7400 6.7900
Steinbach Credit Union - - 6.0000 5.8000 5.4000 5.3000 4.9000
T-D Mortgage 7.1000 7.9400 7.8400 7.3400 6.9900 6.7900 6.8400
Tangerine 6.5500 - 7.2900 6.3900 5.4900 5.4900 5.4400
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.