Mortgage Interest Rates

Our rates are always competitive and we pride ourselves on making sure that you get the best possible rate available to you. Please review the chart below for a quick summary of our current rates. When you’re ready, you can contact us to find out more information and talk about which option is right for you.

Current 5 yr variable mortgage. Conventional uninsured is Prime – 0.55% and high ratio insured is Prime – 1.20% and Current Prime Rate is 3.20%.

1 Year Term

Everyday Rate: 3.69%

  • 30 year amortization and refinances available.
  • 15% lump sum payments allowed.
  • 15% increase to regular payments.

Limited Rate: 3.09%

  • High ratio only.
  • 20% lump sum payments allowed.
  • 20% increase to regular payments.

2 Year Term

Everyday Rate: 3.84%

  • 30 year amortization and refinances available.
  • 20% lump sum payments allowed.
  • 20% increase to regular payments.

Limited Rate: 3.39%

  • 25 year amortization or less.
  • No rental, must be owner occupied.

3 Year Term

Everyday Rate: 3.99%

  • 30 year amortization and refinances available.
  • 15% / 15%+ prepayment options.

Limited Rate: 3.79%

  • High Ratio Purchase or Switch Only.
  • 20% / 20%+ prepayment options.
  • No Rentals or pre-approvals.
  • Must close in 30 days.

4 Year Term

Everyday Rate: 4.09%

  • 30 year amortization and refinances available.
  • 15% lump sum payments allowed.
  • 15% increase to regular payments.
  • Must close in 90 days.

Limited Rate: 3.99%

  • High Ratio Only.
  • 15% lump sum payments allowed.
  • 15% increase to regular payments.

5 Year Term

Limited Rate (insured): 3.74%

  • High Ratio purchase only.
  • Less than 20% down payment, minimum 5% down payment.
  • 20% Pre-payment options available.
  • 25 year amortization maximum.
  • Not portable outside Ontario.
  • Stress Test qualification @ benchmark rate (5.25%) or 2% higher than contact rate.

Everyday Rate (uninsured): 4.64%

  • 30 year amortization and purchase, transfers and refinances available.
  • 20% lump sum payments allowed.
  • 20% increase to regular payments.
  • Consumer friendly (IRD) penalty.
  • Stress Test qualification @ benchmark rate (5.25%) or 2% higher than contact rate.

Limited Refinance (uninsured): 4.14%

  • 25 year amortization maximum.
  • 20% lump sum payments allowed.
  • 20% increase to regular payments.
  • Not portable outside Ontario.
  • Stress Test qualification @ benchmark rate (5.25%) or 2% higher than contact rate.

Contract rate qualification (uninsured): 4.34% – purchases  |   4.44% – refinance

  • No stress test qualification – qualify at contract rate and enhance affordability by 15%+.
  • 30 year amortization maximum.
  • 20% lump sum payments allowed.
  • 20% increase to regular payments.
  • Not portable outside Ontario.
1 YR fixed rate

1 Year Term

Everyday Rate: 3.69%

  • 30 year amortization and refinances available.
  • 15% lump sum payments allowed.
  • 15% increase to regular payments.

Limited Rate: 3.09%

  • High ratio only.
  • 20% lump sum payments allowed.
  • 20% increase to regular payments.
2 YR fixed rate

2 Year Term

Everyday Rate: 3.84%

  • 30 year amortization and refinances available.
  • 20% lump sum payments allowed.
  • 20% increase to regular payments.

Limited Rate: 3.39%

  • 25 year amortization or less.
  • No rental, must be owner occupied.
3 YR fixed rate

3 Year Term

Everyday Rate: 3.99%

  • 30 year amortization and refinances available.
  • 15% / 15%+ prepayment options.

Limited Rate: 3.79%

  • High Ratio Purchase or Switch Only.
  • 20% / 20%+ prepayment options.
  • No Rentals or pre-approvals.
  • Must close in 30 days.
4 YR fixed rate

4 Year Term

Everyday Rate: 4.09%

  • 30 year amortization and refinances available.
  • 15% lump sum payments allowed.
  • 15% increase to regular payments.
  • Must close in 90 days.

Limited Rate: 3.99%

  • High Ratio Only.
  • 15% lump sum payments allowed.
  • 15% increase to regular payments.
5 YR fixed rate

5 Year Term

Limited Rate (insured): 3.74%

  • High Ratio purchase only.
  • Less than 20% down payment, minimum 5% down payment.
  • 20% Pre-payment options available.
  • 25 year amortization maximum.
  • Not portable outside Ontario.
  • Stress Test qualification @ benchmark rate (5.25%) or 2% higher than contact rate.

Everyday Rate (uninsured): 4.64%

  • 30 year amortization and purchase, transfers and refinances available.
  • 20% lump sum payments allowed.
  • 20% increase to regular payments.
  • Consumer friendly (IRD) penalty.
  • Stress Test qualification @ benchmark rate (5.25%) or 2% higher than contact rate.

Limited Refinance (uninsured): 4.14%

  • 25 year amortization maximum.
  • 20% lump sum payments allowed.
  • 20% increase to regular payments.
  • Not portable outside Ontario.
  • Stress Test qualification @ benchmark rate (5.25%) or 2% higher than contact rate.

Contract rate qualification (uninsured): 4.34% – purchases  |   4.44% – refinance

  • No stress test qualification – qualify at contract rate and enhance affordability by 15%+.
  • 30 year amortization maximum.
  • 20% lump sum payments allowed.
  • 20% increase to regular payments.
  • Not portable outside Ontario.

Some conditions may apply. Rates may vary from Province to Province. Rates subject to change without notice.
*O.A.C. E.& O.E. Powered by Dominion Lending Centres.

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