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 – 0.50% and high ratio insured is Prime – 1.10% and Current Prime Rate is 5.45%.

5 Year Term

Limited Rate (insured): 4.59%

  • High Ratio.
  • 15% / 15%+ prepayment options.
  • Purchase only

Everyday Rate (uninsured): 5.19%

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

Contract rate qualification (uninsured): 5.79%

  • No stress test qualification – qualify at contract rate and enhance affordability by 15%+.
  • 30 year amortization, purchase and refinances available.
  • 15% / 15%+ prepayment options.

1 Year Term

Everyday Rate: 4.54%

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

Limited Rate: 4.09%

  • High ratio only.
  • 15% / 15%+ prepayment options.
  • Purchase only

2 Year Term

Everyday Rate: 4.89%

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

Limited Rate: 4.49%

  • High Ratio mortgage
  • 15% / 15%+ prepayment options.
  • Purchase only

3 Year Term

Everyday Rate: 5.04%

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

Limited Rate: 4.69%

  • High Ratio mortgage.
  • 15% / 15%+ prepayment options.
  • Purchase only.

4 Year Term

Everyday Rate: 5.29%

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

Limited Rate: 4.69%

  • High Ratio Only.
  • 15% / 15%+ prepayment options.
  • Purchase only

Alternative lending, B-lending, sub-prime lending are the same.  Alternative lenders cater to:

  • Self-employed / incorporated clients / commissioned income
  • Bruised credit, no credit, previous bankruptcy/consumer proposal
  • Those clients looking for higher debt-servicing thresholds to increase the maximum loan amount available
  • Real estate investors growing investment property portfolio
  • Paying out CRA income tax arrears or property tax arrears
  • Alternative lending includes 1% lender fee & 1% broker fee

Alternative rates begin at the below rates, and can increase from there based on your credit score.

1 year term: 5.54%

  • 30+ year amortizations available for purchase and refinance.
  • 15% / 15%+ prepayment options.

2 year term: 5.64%

  • 30+ year amortizations available for purchase and refinance.
  • 15% / 15%+ prepayment options.

3 year term: 5.74%

  • 30+ year amortizations available for purchase and refinance.
  • 15% / 15%+ prepayment options.

1 & 2 year terms, contract rate qualification (uninsured): 6.29%

  • No stress test qualification – qualify at contract rate and enhance affordability by 15%+.
  • 40 year amortization, purchase and refinances available.
  • 15% / 15%+ prepayment options.
5 YR fixed rate

5 Year Term

Limited Rate (insured): 4.59%

  • High Ratio.
  • 15% / 15%+ prepayment options.
  • Purchase only

Everyday Rate (uninsured): 5.19%

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

Contract rate qualification (uninsured): 5.79%

  • No stress test qualification – qualify at contract rate and enhance affordability by 15%+.
  • 30 year amortization, purchase and refinances available.
  • 15% / 15%+ prepayment options.
1 YR fixed rate

1 Year Term

Everyday Rate: 4.54%

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

Limited Rate: 4.09%

  • High ratio only.
  • 15% / 15%+ prepayment options.
  • Purchase only
2 YR fixed rate

2 Year Term

Everyday Rate: 4.89%

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

Limited Rate: 4.49%

  • High Ratio mortgage
  • 15% / 15%+ prepayment options.
  • Purchase only
3 YR fixed rate

3 Year Term

Everyday Rate: 5.04%

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

Limited Rate: 4.69%

  • High Ratio mortgage.
  • 15% / 15%+ prepayment options.
  • Purchase only.
4 YR fixed rate

4 Year Term

Everyday Rate: 5.29%

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

Limited Rate: 4.69%

  • High Ratio Only.
  • 15% / 15%+ prepayment options.
  • Purchase only
Sub-Prime Rates (B-Lender)

Alternative lending, B-lending, sub-prime lending are the same.  Alternative lenders cater to:

  • Self-employed / incorporated clients / commissioned income
  • Bruised credit, no credit, previous bankruptcy/consumer proposal
  • Those clients looking for higher debt-servicing thresholds to increase the maximum loan amount available
  • Real estate investors growing investment property portfolio
  • Paying out CRA income tax arrears or property tax arrears
  • Alternative lending includes 1% lender fee & 1% broker fee

Alternative rates begin at the below rates, and can increase from there based on your credit score.

1 year term: 5.54%

  • 30+ year amortizations available for purchase and refinance.
  • 15% / 15%+ prepayment options.

2 year term: 5.64%

  • 30+ year amortizations available for purchase and refinance.
  • 15% / 15%+ prepayment options.

3 year term: 5.74%

  • 30+ year amortizations available for purchase and refinance.
  • 15% / 15%+ prepayment options.

1 & 2 year terms, contract rate qualification (uninsured): 6.29%

  • No stress test qualification – qualify at contract rate and enhance affordability by 15%+.
  • 40 year amortization, purchase and refinances available.
  • 15% / 15%+ prepayment options.

Some conditions may apply. Rates subject to change without notice.
*O.A.C. E.& O.E. Powered by Cam Wilson, DLC Cancuck Mortgage Group.

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