Fixed Rates

Closed Fixed Rate Mortgages have a set rate for the specified term. If you exceed the pre-payment allowed, you will have to pay a penalty.

Bank of Canada Rates

Prime Rate Qualifying Rate
2.70% 4.64%
Prime rate is the lending rate issued by the Bank of Canada that is used as a benchmark by lenders. Qualifying rate is the rate used in calculating affordability of a mortgage when a variable rate mortgage, or a 1-4 year fixed term mortgage, is taken.

Best Closed Fixed Rates

Term Mortgage Rate Rate Hold Pre-payment Get Rate
1 year(s) 2.29% 120 days Lump Sum: 20%
Monthly: 20%;
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2 year(s) 2.19% 120 days Lump Sum: 20%
Monthly: 20%;
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3 year(s) 2.39% 120 days Lump Sum: 20%
Monthly: 20%;
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4 year(s) 2.54% 120 days Lump Sum: 20%
Monthly: 20%;
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5 year(s) 2.59% 120 days Lump Sum: 20%
Monthly: 20%;
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7 year(s) 3.39% 120 days Lump Sum: 20%
Monthly: 20%;
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10 year(s) 3.84% 120 days Lump Sum: 20%
Monthly: 20%;
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* All rates listed are subject to change with or without notice and subject to credit approval and guidelines.

History of Fixed Rates

History of Fixed Rates
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