Mortgage Rate Comparisons
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Canadian Rates
Compare our mortgage rates with other banks and lenders with CanEquity's Canadian Mortgage Rate Comparison chart. Below you will also find the lastest Bank of Canada rates, including rates for business prime, bonds and currancy exchange rates. All of our Canadian rates are updated daily.
Mortgage Rate Comparison
Financial Institution |
Mortgage Term |
| Variable |
6 Mth |
1 Year |
2 Year |
3 Year |
4 Year |
5 Year |
| CanEquity Mortgage |
5.00*/5.00 |
6.20 |
4.49 |
5.40 |
5.50 |
5.34 |
5.59 |
| AGF Trust |
- |
6.65 |
6.65 |
6.70 |
7.05 |
7.04 |
7.20 |
| AMA Financial |
5.00 |
- |
6.85 |
6.14 |
5.62 |
6.19 |
5.70 |
| ATB Financial |
5.00 |
6.21 |
6.35 |
6.70 |
6.70 |
7.04 |
6.14 |
| Alterna Bank |
- |
6.30 |
5.30 |
5.45 |
5.70 |
5.70 |
5.89 |
| Alterna Savings |
- |
6.30 |
5.30 |
5.45 |
5.70 |
5.70 |
5.89 |
| Bank of Montreal (BMO) |
- |
6.21 |
6.65 |
6.70 |
7.05 |
7.04 |
7.20 |
Bank of Nova Scotia |
5.00 |
6.35 |
6.35 |
6.55 |
7.04 |
7.04 |
7.20 |
| Bridgewater Bank |
6.00 |
- |
6.90 |
6.19 |
5.67 |
- |
5.75 |
| CIBC Mortgages |
5.00 |
6.74 |
6.65 |
6.70 |
7.05 |
7.04 |
7.20 |
| Caisses Desjardins |
- |
6.50 |
6.25 |
6.70 |
6.70 |
7.00 |
7.20 |
| CanEquity Mortgage |
5.00 |
6.20 |
4.49 |
5.40 |
5.50 |
5.34 |
5.59 |
| Canadian Western Bank |
5.50 |
6.35 |
6.35 |
6.70 |
7.04 |
7.04 |
7.20 |
| Canadian Western Trust |
5.50 |
6.35 |
6.35 |
6.70 |
7.04 |
7.04 |
7.20 |
| Cataract Savings & CU |
- |
- |
6.25 |
- |
- |
- |
6.05 |
| Citibank |
- |
6.35 |
6.35 |
6.70 |
7.05 |
7.04 |
7.20 |
| Citizens Bank of Canada |
5.00 |
5.80 |
5.80 |
5.95 |
5.95 |
5.95 |
5.95 |
| Comtech Credit Union |
- |
6.60 |
5.14 |
7.15 |
7.20 |
7.20 |
5.79 |
| Concentra Financial |
- |
6.30 |
6.35 |
6.70 |
7.04 |
7.04 |
7.20 |
| DUCA Financial Services |
5.00 |
6.00 |
5.40 |
5.45 |
5.65 |
5.70 |
5.75 |
| Effort Trust |
- |
6.60 |
6.60 |
6.65 |
6.65 |
6.99 |
7.15 |
| Equitable Trust |
- |
- |
6.65 |
6.70 |
7.05 |
7.04 |
7.20 |
| First Calgary Savings |
- |
6.21 |
6.35 |
6.70 |
7.05 |
7.04 |
7.20 |
| First National Financial LP |
5.00 |
6.20 |
4.80 |
5.40 |
5.50 |
5.70 |
5.79 |
| FirstLine Mortgages |
5.10 |
8.05 |
7.45 |
6.05 |
6.25 |
6.40 |
6.19 |
| FirstOntario Credit Union |
5.40 |
5.45 |
5.25 |
5.75 |
5.90 |
6.00 |
6.05 |
| HSBC Bank Canada |
5.00 |
6.21 |
6.35 |
6.75 |
6.75 |
7.04 |
7.20 |
| Home Trust Company |
- |
- |
6.65 |
6.70 |
6.70 |
7.04 |
7.20 |
| ICICI Bank Canada |
5.25 |
- |
5.70 |
5.75 |
5.80 |
5.85 |
6.00 |
| ING Direct |
5.00 |
- |
4.99 |
5.40 |
5.50 |
5.70 |
5.75 |
| Investors Group Trust |
5.00 |
6.35 |
6.35 |
6.70 |
7.05 |
7.04 |
7.20 |
| Key Savings & CU |
- |
6.05 |
6.10 |
6.40 |
6.35 |
6.59 |
6.70 |
| Lambton Financial CU |
5.00 |
- |
6.00 |
6.10 |
6.15 |
6.20 |
6.25 |
| Laurentian Bank Canada |
5.00 |
6.35 |
6.30 |
6.70 |
6.75 |
7.05 |
7.20 |
| League Savings & Mortgage |
- |
6.35 |
6.35 |
6.70 |
7.05 |
7.04 |
7.20 |
| Libro Financial Group |
- |
6.00 |
6.25 |
6.50 |
6.60 |
6.90 |
6.95 |
| London Life |
5.00 |
6.35 |
6.35 |
6.70 |
7.05 |
7.04 |
7.20 |
| Macquarie Financial Ltd. |
- |
- |
- |
- |
5.69 |
- |
5.79 |
| Manulife Bank |
- |
6.50 |
5.75 |
5.75 |
5.75 |
5.90 |
6.00 |
| Meridian Credit Union |
5.00 |
6.06 |
6.25 |
6.55 |
6.55 |
6.89 |
6.05 |
| National Bank |
4.00 |
6.30 |
6.30 |
6.30 |
6.85 |
7.05 |
7.20 |
| Ontario Civil Service CU |
- |
6.00 |
4.95 |
5.95 |
6.04 |
6.04 |
6.20 |
| PACE Savings & CU |
- |
6.30 |
6.35 |
6.70 |
7.04 |
7.04 |
7.20 |
| Parama Credit Union |
- |
- |
5.50 |
5.70 |
5.80 |
6.00 |
6.00 |
| Peace Hills Trust |
- |
6.35 |
6.50 |
6.50 |
6.75 |
6.75 |
6.95 |
President's Choice Financial |
5.00 |
6.99 |
6.09 |
5.60 |
5.80 |
5.94 |
5.89 |
| Promutuel Capital |
- |
6.50 |
6.19 |
6.65 |
6.65 |
6.95 |
6.20 |
| ResMor Trust |
- |
- |
- |
- |
5.99 |
- |
5.99 |
| Royal Bank of Canada (RBC) |
4.60 |
6.35 |
6.35 |
6.70 |
6.70 |
7.04 |
7.20 |
| Servus Credit Union |
- |
6.21 |
6.35 |
6.70 |
7.05 |
7.04 |
6.45 |
| So-Use Credit Union |
- |
6.30 |
5.50 |
5.60 |
5.95 |
6.10 |
5.99 |
| Steinbach Credit Union |
- |
- |
5.10 |
5.30 |
5.60 |
5.70 |
5.90 |
| TD CanadaTrust |
5.00 |
6.20 |
6.35 |
6.70 |
7.05 |
7.04 |
7.20 |
| Virtual One Credit Union |
- |
- |
4.95 |
5.25 |
5.35 |
5.55 |
5.65 |
| Windsor Family CU |
- |
6.00 |
5.95 |
6.00 |
6.10 |
6.15 |
6.20 |
| Your Credit Union |
- |
- |
6.15 |
6.15 |
6.15 |
6.30 |
6.25 |
| Your Neighbourhood CU |
- |
- |
5.90 |
6.10 |
6.30 |
6.40 |
6.45 |
Last Update: 2008-11-18
Bank of Canada Rates and Statistics
| Exchange rates | 17/11/08 | 18/11/08 | +/- |
|---|
| $Can/US closing rate | 1.2232 | -- | -- | | $Can/US noon rate | 1.2211 | 1.2239 | + 0.0028 | | $US/Can noon rate | 0.8189 | 0.8171 | - 0.0018 | | CERI * | 99.74 | 99.57 | - 0.17 | | CERI excluding USD | 105.37 | 105.39 | + 0.02 | | Money market | 14/11/08 | 17/11/08 | +/- |
|---|
| Overnight rate | 2.2482% | 2.2420% | - 0.0062 | | Target for the overnight rate | 2.25% | 2.25% | 0.00 | | Overnight repo rate (CORRA) | 2.2425% | 2.2370% | - 0.0055 | | Corporate paper, 1 month | 2.60% | 2.60% | 0.00 | | Treasury bill, 1 month | 1.61% | 1.58% | - 0.03 | | Bankers' Acceptances, 1 month | 2.40% | 2.42% | + 0.02 | | Inflation | 08/08 | 09/08 | +/- |
|---|
| Inflation-control target range | 1—3 | 1—3 | -- | | Total consumer price index ** | 3.5% | 3.4% | - 0.1 | | Core consumer price index ** | 1.7% | 1.7% | 0.0 | | Interest rates | 05/11/08 | 12/11/08 | +/- |
|---|
| Prime business rate | 4.00% | 4.00% | 0.00 | | Conventional mortgage, 5 year | 7.20% | 7.20% | 0.00 | | Bond yields | 14/11/08 | 17/11/08 | +/- |
|---|
| GoC marketable bonds, +10 yr | 4.26% | 4.20% | - 0.06 | | GoC benchmark bonds, 3 yr | 2.23% | 2.21% | - 0.02 | | Real return bond, long term | 2.49% | 2.43% | - 0.06 |
* Canadian-dollar effective exchange rate index
** 12-month per cent change
Last Update: 2008-11-18
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Below is a tally of our most popular mortgage product inquiries made using our secure online application for Internet users in Pickering.
| Mortgage Type | | Inquiries | | Refinance | | 26.21% | | Qualification | | 21.36% | | No Money Down | | 11.65% | | Renewal | | 11.65% | | Purchase | | 11.65% | | First-time Buyer | | 9.71% | | Variable Rate | | 2.91% | | Other | | 4.85% | | Last Tally: Aug 21 at 02:32:57 |
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