Mortgage Rates

Bank Vs Broker Northwood Scotia Bank BMO RBC CIBC TD
1 Year Fixed 2.44% 3.290% 3.090% 3.25% 2.84% 3.04%
2 Year Fixed 2.09% 3.090% 3.190% 2.340% 2.79% 2.84%
3 Year Fixed 2.36% 3.390% 3.590% 3.69% 3.39% 2.36%
4 Year Fixed 2.49% 3.890% 4.090% 4.42% 4.09% 2.57%
5 Year Fixed 2.59% 4.640% 4.840% 2.640% 4.79% 4.64%
5 Year Variable 1.95% 2.90% 2.60% 2.7% 2.70% 2.34%

Updated as of: 22/05/2017

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Your home is your most valuable asset. It is probably the single largest investment you will make in your lifetime. Your home is more than a place to rest your head and raise a family. Your home contains equity. It is a treasured resource and in some cases, can even be used as an ATM (aka cash back mortgages and HELOCs – don’t worry we’ll get there).

We All Need a Mortgage

Everyone who is looking to purchase a home will need a mortgage. But, what is a mortgage exactly and why do you need it? Besides being the term to describe a loan secured by real estate, a mortgage allows you to access funding to procure your dream home.

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