Current Mortgage Rates (with last date of rate change)
Mortgage Term
Current Mortgage Rates (%) *
Previous Mortgage Rates (%)
Change (%)
Date of Change
Special Products
Current Mortgage Rates (%) *
Variable
2.10
2.15
-0.05
Jul 30, 2010
Introductory Variable
2.10
6 month
4.00
3.75
0.25
Jun 1, 2010
Adjustable Rate
1 year
2.60
2.70
-0.10
Aug 4, 2010
Low Documentation
2 years
3.25
3.30
-0.05
Aug 13, 2010
No Money Down
3 years
3.49
3.50
-0.01
Aug 17, 2010
4 years
3.89
4.24
-0.35
Jul 27, 2010
5 years
3.74
3.79
-0.05
Aug 26, 2010
7 years
4.85
4.95
-0.10
Aug 13, 2010
10 years
5.19
5.29
-0.10
Aug 13, 2010
15 years
9.25
9.45
-0.20
Jun 11, 2009
18 years
9.25
9.45
-0.20
Jun 11, 2009
25 years
7.85
9.35
-1.50
Sep 14, 2009
* Mortgages and rates subject to change without notice. Note: Some rates may not be available in certain areas. Call 1-888-818-4262 for details.
Last update: Sep 2, 2010
CanEquity Mortgage Rates vs Conventional Rates (with savings)
Mortgage Term
CanEquity Mortgage Rates (%) *
Conventional (Bank Posted) Rates (%)
Difference (%)
Savings Over Term 1 (CanEquity vs Posted)
Savings Per Year 1 (CanEquity vs Posted)
Variable
2.10
2.95
0.85
N/A
N/A
6 month
4.00
4.95
0.95
$1,163.90
N/A
1 year
2.60
3.70
1.10
$2,695.47
$2,695.47
2 years
3.25
4.05
0.80
$3,891.99
$1,945.99
3 years
3.49
4.60
1.11
$8,054.16
$2,684.72
4 years
3.89
5.64
1.75
$16,883.23
$4,220.81
5 years
3.74
5.99
2.25
$27,000.23
$5,400.05
7 years
4.85
6.95
2.10
$35,224.20
$5,032.03
10 years
5.19
7.10
1.91
$45,158.31
$4,515.83
15 years
9.25
N/A
N/A
N/A
N/A
18 years
9.25
N/A
N/A
N/A
N/A
25 years
7.85
8.35
0.50
$24,003.90
$960.16
1 Calculation based on a $250,000.00 mortgage over a 25 year amortization using a monthly payment schedule (mortgage needed for an average Calgary inner-city two-story home). * Mortgages and rates subject to change without notice.
Ten Year History for 1, 3 and 5 Year Fixed Rates (with poly. trend)
Variable Mortgage vs 5 Year Fixed Rate
Current Top Lender Mortgage Rates: Variable, 6 Month - 5 Year Fixed
Financial Institution
Mortgage Term
Variable
6 Mth
1 Year
2 Year
3 Year
4 Year
5 Year
CanEquity Mortgage
2.10*/2.10
4.00
2.60
3.25
3.49
3.89
3.74
AGF Trust
-
4.65
2.85
3.35
3.75
3.89
3.69
ATB Financial
2.35
4.55
3.30
3.55
4.10
5.04
3.99
Alterna Bank
2.24
4.40
2.90
3.30
3.60
3.89
3.95
Alterna Savings
2.24
4.40
2.90
3.30
3.60
3.89
3.95
Bank of Montreal (BMO)
2.65
4.55
3.30
3.55
4.10
5.04
5.39
Bank of Nova Scotia
2.60
4.65
4.30
3.95
4.40
5.04
5.39
Bridgewater Bank
-
-
5.99
5.75
3.59
-
3.99
CIBC Mortgages
2.60
4.55
3.30
3.55
4.20
5.04
5.39
Caisses Desjardins
-
3.75
3.50
3.75
4.20
5.04
5.39
Canadian Western Bank
2.75
4.55
3.30
3.55
4.20
5.04
5.39
Canadian Western Trust
2.75
4.55
3.30
3.55
4.20
5.04
5.39
Comtech Credit Union
-
6.60
2.89
3.99
3.99
4.09
4.09
Concentra Financial
-
4.55
3.30
3.55
4.10
5.04
5.39
DUCA Financial Services
2.15
4.40
2.80
3.45
3.75
3.85
3.85
Effort Trust
-
3.60
3.30
3.55
4.20
5.00
5.35
Equitable Trust
-
-
3.30
3.55
4.20
5.04
5.39
First Calgary Savings
-
4.55
2.99
3.55
3.75
3.75
3.99
First National Financial LP
2.10
4.45
2.60
3.25
3.70
3.89
3.89
FirstLine Mortgages
2.45
4.75
3.20
3.55
3.95
4.19
4.29
FirstOntario Credit Union
2.45
4.40
2.90
3.50
3.75
3.95
4.00
HSBC Bank Canada
2.75
4.55
3.40
3.75
4.40
5.24
5.59
Home Trust Company
-
-
2.60
-
3.45
-
3.99
ICICI Bank Canada
2.15
-
3.05
3.55
3.89
4.10
4.14
ING Direct
2.10
-
2.80
3.45
3.79
3.99
3.89
Investors Group Trust
2.35
4.55
3.30
3.55
4.20
5.04
5.39
Key Savings & CU
-
5.05
2.99
3.59
3.99
4.29
4.59
Laurentian Bank Canada
2.60
3.95
3.30
3.55
4.10
5.04
5.39
League Savings & Mortgage
-
4.55
3.30
3.55
4.20
5.04
5.39
Libro Financial Group
-
4.20
3.25
3.50
4.10
4.65
4.80
London Life
2.35
4.55
3.30
3.55
4.20
5.04
5.39
Macquarie Financial Ltd.
2.55
-
3.09
-
3.59
-
3.99
Manulife Bank
-
4.40
2.75
3.25
3.50
3.75
3.85
Meridian Credit Union
2.15
4.55
3.30
3.55
4.10
3.75
3.78
National Bank
2.75
4.50
3.30
3.55
4.10
5.04
5.39
Ontario Civil Service CU
-
6.00
2.50
4.00
3.79
4.24
4.09
PACE Savings & CU
-
4.55
3.30
3.55
4.10
5.04
5.39
Parama Credit Union
2.50
-
2.95
3.45
3.90
4.50
4.80
Peace Hills Trust
-
6.00
4.00
4.00
4.40
5.24
5.50
President's Choice Financial
2.25
6.04
2.90
3.35
3.70
3.89
3.94
ResMor Trust
-
-
3.64
-
3.75
-
3.95
Royal Bank of Canada (RBC)
2.65
4.55
3.30
3.55
4.10
5.04
5.39
Servus Credit Union
-
4.55
3.30
3.55
4.10
5.04
5.39
So-Use Credit Union
-
6.30
2.75
3.85
4.00
4.50
4.60
Steinbach Credit Union
-
-
3.20
3.40
3.60
3.70
3.80
TD CanadaTrust
2.60
4.45
3.50
3.90
4.45
5.04
5.39
Ukrainian Credit Union
-
4.25
2.54
3.65
3.99
4.49
4.39
Virtual One Credit Union
-
-
2.80
3.45
3.75
3.85
3.85
Windsor Family CU
-
4.55
3.30
3.65
4.20
5.25
5.59
Your Credit Union
3.50
-
3.50
3.70
4.20
3.89
3.99
Your Neighbourhood CU
-
-
3.20
3.50
4.10
4.80
4.90
* Introductory variable rate mortgage. Last Update: 2010-09-02
