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.