A Home Equity Line of Credit (HELOC) is a line of credit secured under the equity of your home. With the recent changes in government rules, HELOC's cannot exceed 65% of your home's value.

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 HELOC Rates

Rate Get Rate
Prime +0.60
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* All rates listed are subject to change with or without notice and subject to credit approval and guidelines.

History of Prime Rate

History of Prime Rate


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