3 Year Fixed Rate
Rate updated June 4th 2019
Rate
Provider
2.92%
Jerry Brar Mortgages
Featured Listing
[Wow-Modal-Windows id=1]
3.19%
TD Bank
3.24%
MortgagePal.ca
3.29%
![canwise-financial[1]](https://financebc.ca/wp-content/uploads/2019/02/canwise-financial1-75x75.png "canwise-financial[1]")
CanWise Financial
5 Year Fixed Rate
Rate updated Mar 25th 2019
Rate
Provider
2.94%
Jerry Brar Mortgages
Featured Listing
3.29%
MortgagePal.ca
2.99%
Canwise Financial
3.24%
Equitable Bank
10 Year Fixed Rate
Rate updated Mar 25th 2019
Rate
Provider
3.44%
Jerry Brar Mortgages
3.64%
MortgagePal.ca
3.89%
Canwise Financial
What is a Fixed Rate Mortgage?
A fixed rate mortgage is a mortgage product where the interest rate is locked in over a set term. These terms are usually 3, 5 and 10 year terms. This should not be confused with the amortization period, which is the term that you pay off the entirety of your mortgage.
3 Year Variable Rate
Rate updated Mar 25th 2019
Rate
Provider
3.80%
Canwise Financial
3.85%
MortgagePal.ca
[Wow-Modal-Windows id=1]
4.10%
Scotia Bank
4.15%
CMLS Financial
5 Year Variable Rate
Rate updated Mar 25th 2019
Rate
Provider
2.90%
Jerry Brar Mortgages
Featured Listing
2.65%
Canwise Financial
2.70%
MortgagePal.ca
2.90%
Equitable Bank
3.00%
CMLS Financial
What is a Variable Rate Mortgage
A variable rate mortgage differs from from a fixed rate mortgage. In a variable rate mortgage your interest rate changes based on the current market rates rather than being set for a period of time. If the market rate changes during your variable mortgage term then so does your interest rate.