Mortgages: Closed, variable to 5 years
Financial Institution Term
Variable 6 Months 1 Year 2 Years 3 Years 4 Years 5 Years
*Manulife Bank Agt. 4.9500 7.9900 7.1400 6.5900 5.2400 5.5400 5.1900
*Manulife Trust Co. Agt. - 7.9900 7.1400 6.5900 5.2400 5.5400 5.1900
Alterna Bank 4.3000 6.7900 5.3900 5.2900 3.9400 4.5900 3.9900
Alterna Savings 4.3000 6.7900 5.3900 5.2900 3.9400 4.5900 3.9900
Bank of Montreal 4.9500 7.8400 7.3400 6.9900 6.5400 6.3400 6.4900
Bank of Nova Scotia 5.4000 7.6000 7.1900 6.7900 6.5400 6.3400 6.4900
CIBC Mortgages 4.9500 7.5500 5.7400 5.7400 6.6400 6.1900 6.4900
Canadian Western Bank 4.4500 7.8500 5.4900 4.7900 4.4400 4.4400 4.3900
Canadian Western Trust 4.4500 7.8500 5.4900 4.7900 4.4400 4.4400 4.3900
Comtech Fire Credit U. - 7.2900 6.4400 6.3900 4.6900 6.2900 4.5900
Desjardins - Caisses 4.9500 7.9900 6.2900 6.2400 6.2900 6.3400 6.3900
Effort Trust - 5.2000 5.2000 5.0500 4.9500 4.9500 4.9500
First National Financial 4.9500 - 5.5900 4.8900 4.5400 4.5900 4.5400
FirstOntario Credit Un. 4.7000 6.0900 5.0900 4.5900 4.4900 4.6900 4.2900
Home Trust 4.0500 - 7.3500 5.9200 4.4900 5.6700 4.1900
IC Savings - 6.7500 5.9900 5.2900 4.6400 4.5400 4.5900
Kindred Credit Union 4.9500 - 5.5500 5.3000 5.2000 5.2000 5.2000
Laurentian Bank Canada 6.4500 7.8400 7.2400 6.8400 6.4000 6.3400 6.3900
Libro Credit Union - 7.7500 5.2400 4.6900 4.6900 4.6900 4.8900
Luminus Financial - - 6.3200 6.0500 4.7400 5.9500 4.8600
Meridian Credit Union 4.6400 7.8400 6.0900 5.7400 4.4400 6.1900 4.5900
National Bank 4.9500 7.5400 6.0900 5.7400 6.2900 6.1900 6.2900
Parama Credit Union 4.9500 - 5.1900 4.9900 4.7900 4.6900 4.5900
Peace Hills Trust - 7.7400 5.4900 5.3900 4.8900 4.8900 4.5900
Royal Bank of Canada 4.9500 6.0900 6.0900 5.3900 6.0500 5.9900 6.0900
Steinbach Credit Union - - 4.9900 4.6900 4.1900 4.0900 3.9900
T-D Mortgage 5.1000 6.0900 6.0900 5.3900 6.0500 5.9900 6.0900
Tangerine 4.4000 - 6.5400 5.6400 4.6900 4.7400 4.7900
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.