Mortgages
Compare fixed and variable mortgage rates from Canadian banks, credit unions and lenders, with terms and features side by side.
| Provider | Product | Term | Rate |
|---|---|---|---|
| Meridian Credit Union | Meridian Credit Union 5-Year Variable Mortgage | 5-year variable | 3.44% |
| Canwise | Canwise 5-Year Variable Mortgage | 5-year variable | 3.6% |
| Equitable Bank | Equitable Bank 5-Year Variable Mortgage | 5-year variable | 3.6% |
| Scotiabank | Scotiabank 5-Year Variable Mortgage | 5-year variable | 3.65% |
| Alterna Savings | Alterna Savings 5-Year Variable Mortgage | 5-year variable | 3.7% |
| CMLS Financial | CMLS Financial 5-Year Variable Mortgage | 5-year variable | 3.7% |
| First National | First National 5-Year Variable Mortgage | 5-year variable | 3.7% |
| TD Bank | TD Bank 5-Year Variable Mortgage | 5-year variable | 3.84% |
| RBC Royal Bank | RBC Royal Bank 5-Year Variable Mortgage | 5-year variable | 3.85% |
| MCAP | MCAP 5-Year Variable Mortgage | 5-year variable | 3.9% |
| Tangerine | Tangerine 5-Year Variable Mortgage | 5-year variable | 3.9% |
| CIBC | CIBC 5-Year Variable Mortgage | 5-year variable | 3.95% |
| CIBC | CIBC 3-Year Variable Mortgage | 3-year variable | 4.05% |
| Simplii Financial | Simplii Financial ™ 5-Year Variable Mortgage | 5-year variable | 4.1% |
| Bank of Montreal | Bank of Montreal 5-Year Variable Mortgage | 5-year variable | 4.1% |
| National Bank of Canada | National Bank of Canada 5-Year Variable Mortgage | 5-year variable | 4.1% |
| Alterna Savings | Alterna Savings 3-Year Variable Mortgage | 3-year variable | 4.25% |
| Scotiabank | Scotiabank 2-Year Fixed Mortgage | 2-year fixed | 4.29% |
| Scotiabank | Scotiabank 3-Year Fixed Mortgage | 3-year fixed | 4.39% |
| MCAP | MCAP 3-Year Fixed Mortgage | 3-year fixed | 4.44% |
| ICICI Bank Canada | ICICI Bank Canada 5-Year Variable Mortgage | 5-year variable | 4.45% |
| Canwise | Canwise 2-Year Fixed Mortgage | 2-year fixed | 4.49% |
| Meridian Credit Union | Meridian Credit Union 3-Year Fixed Mortgage | 3-year fixed | 4.49% |
| CMLS Financial | CMLS Financial 5-Year Fixed Mortgage | 5-year fixed | 4.49% |
| ICICI Bank Canada | ICICI Bank Canada 3-Year Variable Mortgage | 3-year variable | 4.5% |
| Scotiabank | Scotiabank 4-Year Fixed Mortgage | 4-year fixed | 4.54% |
| Alterna Savings | Alterna Savings 3-Year Fixed Mortgage | 3-year fixed | 4.59% |
| Meridian Credit Union | Meridian Credit Union 5-Year Fixed Mortgage | 5-year fixed | 4.59% |
| Scotiabank | Scotiabank 5-Year Fixed Mortgage | 5-year fixed | 4.59% |
| Scotiabank | Scotiabank 1-Year Fixed Mortgage | 1-year fixed | 4.64% |
| Tangerine | Tangerine 3-Year Fixed Mortgage | 3-year fixed | 4.64% |
| CIBC | CIBC 2-Year Fixed Mortgage | 2-year fixed | 4.69% |
| MCAP | MCAP 2-Year Fixed Mortgage | 2-year fixed | 4.69% |
| Simplii Financial | Simplii Financial ™ 2-Year Fixed Mortgage | 2-year fixed | 4.69% |
| Alterna Savings | Alterna Savings 5-Year Fixed Mortgage | 5-year fixed | 4.69% |
| National Bank of Canada | National Bank of Canada 5-Year Fixed Mortgage | 5-year fixed | 4.69% |
| Bank of Montreal | Bank of Montreal 3-Year Fixed Mortgage | 3-year fixed | 4.74% |
| MCAP | MCAP 5-Year Fixed Mortgage | 5-year fixed | 4.74% |
| CIBC | CIBC 5-Year Fixed Mortgage | 5-year fixed | 4.79% |
| Tangerine | Tangerine 5-Year Fixed Mortgage | 5-year fixed | 4.84% |
| Bank of Montreal | Bank of Montreal 5-Year Fixed Mortgage | 5-year fixed | 4.84% |
| RBC Royal Bank | RBC Royal Bank 5-Year Fixed Mortgage | 5-year fixed | 4.84% |
| Bank of Montreal | Bank of Montreal 2-Year Fixed Mortgage | 2-year fixed | 4.89% |
| Canwise | Canwise 3-Year Fixed Mortgage | 3-year fixed | 4.89% |
| Equitable Bank | Equitable Bank 5-Year Fixed Mortgage | 5-year fixed | 4.89% |
| Canwise | Canwise 5-Year Fixed Mortgage | 5-year fixed | 4.89% |
| CIBC | CIBC 1-Year Fixed Mortgage | 1-year fixed | 4.94% |
| National Bank of Canada | National Bank of Canada 3-Year Fixed Mortgage | 3-year fixed | 4.94% |
| CIBC | CIBC 3-Year Fixed Mortgage | 3-year fixed | 4.94% |
| Simplii Financial | Simplii Financial ™ 3-Year Fixed Mortgage | 3-year fixed | 4.94% |
| TD Bank | TD Bank 5-Year Fixed Mortgage | 5-year fixed | 4.94% |
| Simplii Financial | Simplii Financial ™ 1-Year Fixed Mortgage | 1-year fixed | 4.99% |
| National Bank of Canada | National Bank of Canada 2-Year Fixed Mortgage | 2-year fixed | 4.99% |
| RBC Royal Bank | RBC Royal Bank 3-Year Fixed Mortgage | 3-year fixed | 4.99% |
| First National | First National 5-Year Fixed Mortgage | 5-year fixed | 4.99% |
| TD Bank | TD Bank 2-Year Fixed Mortgage | 2-year fixed | 5.09% |
| TD Bank | TD Bank 3-Year Fixed Mortgage | 3-year fixed | 5.09% |
| RBC Royal Bank | RBC Royal Bank 1-Year Fixed Mortgage | 1-year fixed | 5.14% |
| RBC Royal Bank | RBC Royal Bank 2-Year Fixed Mortgage | 2-year fixed | 5.14% |
| Tangerine | Tangerine 2-Year Fixed Mortgage | 2-year fixed | 5.14% |
Fixed vs. variable mortgages: Which is right for you?
Choosing between a fixed and variable mortgage rate is one of the biggest decisions Canadian homebuyers face. Here is how each option works, the risks and rewards, and how to decide which fits your budget and personality.
Choosing between a fixed and variable mortgage rate is one of the biggest decisions Canadian homebuyers face. Here is how each option works, the risks and rewards, and how to decide which fits your budget and personality.
How your credit score affects your mortgage rate
Your credit score is one of the first things a lender checks when you apply for a mortgage. Here is what counts as a good score in Canada, how it shapes the rate you are offered, and how to improve it before you apply.
Your credit score is one of the first things a lender checks when you apply for a mortgage. Here is what counts as a good score in Canada, how it shapes the rate you are offered, and how to improve it before you apply.
Mortgage pre-approval: What it is and how to get one
A mortgage pre-approval tells you what you can afford and shows sellers you are serious. Here is how the process works, what documents you need, and the traps to avoid.
A mortgage pre-approval tells you what you can afford and shows sellers you are serious. Here is how the process works, what documents you need, and the traps to avoid.
How much mortgage can you actually afford?
Lenders tell you the maximum you can borrow. Here is how Canadian mortgage affordability is really calculated — and how to set a budget you will not regret.
Lenders tell you the maximum you can borrow. Here is how Canadian mortgage affordability is really calculated — and how to set a budget you will not regret.
First-time home buyer? Do not forget the closing costs
Your down payment is not the only cash you need. Closing costs in Canada typically run 1.5% to 4% of the purchase price. Here is what to budget for, line by line.
Your down payment is not the only cash you need. Closing costs in Canada typically run 1.5% to 4% of the purchase price. Here is what to budget for, line by line.