Mortgages: Closed, variable to 5 years
Financial Institution Term
Variable 6 Months 1 Year 2 Years 3 Years 4 Years 5 Years
Alterna Bank 6.8500 6.5000 7.1400 6.9400 6.4400 6.2900 5.7400
Alterna Savings 6.8500 6.5000 7.1400 6.9400 6.4400 6.2900 5.7400
Bank of Montreal 7.2000 8.0900 8.0900 7.6900 7.2500 7.0400 7.0900
Bank of Nova Scotia 7.6500 7.7500 7.8400 7.4400 7.0400 6.8400 6.8400
CIBC Mortgages 7.2000 8.2500 7.5900 7.3400 7.1400 6.8900 6.9900
Canada Life 7.2000 7.7500 7.6900 7.2900 7.2000 6.6900 6.7900
Canadian Western Bank 6.7000 7.7500 7.2900 6.8900 6.4900 6.2900 5.7900
Canadian Western Trust 6.7000 7.7500 7.2900 6.8900 6.4900 6.2900 5.7900
Comtech Fire Credit U. - 7.2900 7.0400 6.8900 6.4900 6.2900 6.1900
Desjardins - Caisses 7.2000 8.0900 8.0900 7.6900 7.2900 7.0900 7.1400
Effort Trust - 6.7500 6.7500 6.6500 6.5500 6.5500 6.4500
Equitable Bank - - 7.4400 7.0400 6.6900 6.4400 6.0900
First National Financial 7.2000 - 7.4400 7.0400 6.6900 6.4400 6.2900
FirstOntario Credit Un. 6.5000 8.7400 7.3900 7.2900 6.8900 6.3900 6.2400
HSBC Bank Canada 6.4000 7.0400 7.0400 6.6900 6.4900 6.4400 6.1400
Home Trust 6.3000 - 7.6900 7.2400 6.8600 6.6400 5.8400
IC Savings - 8.5000 7.3900 7.1400 6.9400 6.6900 6.7900
ICICI Bank Canada 7.0000 - 7.0400 6.5400 6.5400 6.3900 6.3400
Investors Group Trust 7.2000 7.7500 7.6900 7.2900 7.2000 6.6900 6.7900
Kindred Credit Union 7.2000 - 7.2000 7.1500 7.0500 6.5500 6.4500
Laurentian Bank Canada 7.2000 7.0400 7.0400 6.7400 6.3400 6.1400 6.4900
Libro Credit Union - 7.7500 6.7900 6.6900 6.5900 6.0900 5.9900
Luminus Financial 7.9500 - 7.3400 7.0900 6.6900 6.4900 6.2400
Manulife Bank 7.2000 6.9500 7.6400 7.4900 6.6900 6.5400 6.3900
Manulife Trust - 6.9500 7.6400 7.4900 6.6900 6.5400 6.3900
Meridian Credit Union 7.2000 7.5900 7.4900 7.0400 6.8400 6.6900 6.3400
Moya Financial C.U 7.4500 - 6.2000 6.1500 6.1000 6.0500 6.0000
National Bank 7.2000 7.9400 7.8900 7.4900 7.1400 6.9900 7.0400
Parama Credit Union 7.2000 - 7.0900 6.8900 6.5900 6.3900 6.2900
Peace Hills Trust - 7.7400 6.8900 6.6900 6.4600 6.0900 6.0500
Rapport Credit Union 7.2000 6.0000 6.6900 6.6000 6.5000 6.4400 5.7900
Royal Bank of Canada 7.3000 8.0900 8.0900 7.6900 7.3000 7.0900 7.1400
Steinbach Credit Union - - 6.4000 6.4000 6.2500 6.1000 6.1000
T-D Mortgage 7.3500 7.9400 7.8400 7.3400 7.1400 6.9900 7.0400
Tandia Financial CU 6.9500 7.4900 7.0400 6.5900 6.1900 6.4900 6.2900
Tangerine 7.0500 - 7.6400 6.9900 6.5900 6.3900 6.3400
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.