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Mortgage Rates

Bank Vs BrokerNorthwoodScotia BankBMORBCCIBCTD
1 Year Fixed2.54%2.790%2.790%3.25%2.79%2.79%
2 Year Fixed2.34%2.890%2.940%2.090%2.89%2.94%
3 Year Fixed1.59%3.490%3.490%3.69%3.49%2.14%
4 Year Fixed1.79%3.890%4.090%4.42%4.24%3.74%
5 Year Fixed1.99%4.790%4.790%2.490%4.79%2.44%
5 year variable insured1.40%2.650%2.450%1.600%2.45%1.55%

Updated as of: 19/07/2021


Canada’s mortgage website

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.

What Is a Commercial Mortgage and...

Most people are somewhat familiar or will be at some point in their lives, with a conventional mortgage. Read More

10 Tips for Buying an Investment...

An investment property can help you accumulate wealth, make extra money and grow your portfolio. Read More

5 Tips on How to Lower Mortgage...

When Canadians buy a house, they accept that they are locked into a mortgage for up to 25 years. Read More

10 Things You Might Not Know About...

Canadian banks know that many potential homebuyers aren’t keen on signing on to a 30-year mortgage. Read More

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