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What our users say:

July 8
Instant
Instant, attentative, and fair.
Steve, Canada
July 7
Insurance
Very pleasant to deal with. Took the time to explain things to me even when in i...
Peter Blackburn
July 4
It is as easy as 1,2,3.
It was so simple and easy.
Helen Snider
July 4
Very helpful
Very helpful, It save me a lot.
Karma Wangchok
July 4
Efficient and professional
Efficient and professional
Brent Patterson
July 3
Very convenient
Very convenient, quick
Naveen Subramaniam
July 3
Very impressed with the knowledge and…
Very impressed with the knowledge and professionalism of the agent.
Maria
July 2
Very fast and right to the point and…
Very fast and right to the point and very pleasant
Tommy Wood
July 2
Enrique was quick to respond and got me…
Enrique was quick to respond and got me exactly what I needed. Very pleasant to ...
Dave Topping
June 30
Victor is helpful and easy to work with
Victor is helpful and easy to work with
Jeff Neely
June 30
It is very low rate.
It is very low rate.
quoc nhi Chau
June 27
Good service
Good service , professional customer support
arestomyahoo.com
June 26
Got an honest answer for my quote
Got an honest answer for my quote
Pauline Von Rhedey
June 26
quick,easy
quick, easy
quentin zientara
June 26
The agent was very helpful
The agent was very helpful
Lahsen Oujaa

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The best current mortgage rates in Canada

Check out today's best mortgage rates in Canada by type and term.

Rates are based on an average mortgage of $300,000
 Insured ?

The rates in this column apply to borrowers who have purchased mortgage default insurance. This is required when you purchase a home with less than a 20% down payment. The home must be owner-occupied and the amortization must be 25 years or less.

80% LTV ?

The rates in this column apply to mortgage amounts between 65.01% and 80% of the property value. The home must be owner-occupied and have an amortization of 25 years or less. You must have purchased it for less than $1 million. These rates are not available on refinances. Refinances require "Uninsured" rates.

65% LTV ?

The rates in this column apply to mortgage amounts that are 65% of the property value or less. The home must be owner-occupied and have an amortization of 25 years or less. You must have purchased it for less than $1 million. These rates are not available on refinances. Refinances require "Uninsured" rates.

Uninsured ?

The rates in this column apply to purchases over $1 million, refinances and amortizations over 25 years. More info on the differences between insured and uninsured rates.

Bank Rate ?

Bank Rate is the mortgage interest rate posted by the big banks in Canada.

 
1-year fixed rate
Insured
4.69%
80% LTV
4.19%
65% LTV
4.19%
Uninsured
5.59%
5.49%
 
2-year fixed rate
Insured
4.04%
80% LTV
3.89%
65% LTV
3.89%
Uninsured
4.54%
4.79%
 
3-year fixed rate
Insured
3.87%
80% LTV
3.99%
65% LTV
3.99%
Uninsured
4.24%
4.29%
 
4-year fixed rate
Insured
3.99%
80% LTV
3.99%
65% LTV
3.99%
Uninsured
4.44%
4.39%
 
5-year fixed rate
Insured
3.91%
80% LTV
3.89%
65% LTV
3.89%
Uninsured
3.91%
4.09%
 
7-year fixed rate
Insured
4.39%
80% LTV
4.24%
65% LTV
4.24%
Uninsured
5.19%
5%
 
10-year fixed rate
Insured
5.04%
80% LTV
4.34%
65% LTV
4.34%
Uninsured
5.29%
6.09%
 
3-year variable rate
Insured
4.15%
80% LTV
4.3%
65% LTV
4.3%
Uninsured
4.4%
6.35%
 
5-year variable rate
Insured
3.95%
80% LTV
3.95%
65% LTV
3.95%
Uninsured
4.05%
4.25%
 
HELOC rate
Insured
N/A
80% LTV
N/A
65% LTV
N/A
Uninsured
N/A
N/A
 
Stress test
Insured
5.25%
80% LTV
5.25%
65% LTV
5.25%
Uninsured
5.25%
N/A

About variable closed mortgage rates.

Take advantage of today's rock-bottom rates with a variable closed interest rate mortgage. Why? For starters, variable closed mortgages usually have lower interest rates than fixed rate mortgages do. Plus, with most variable closed mortgages, you can still convert to a fixed rate mortgage if you expect interest rates to rise in the future.

So if you're in the market for the lowest rate, consider shopping for a variable closed mortgage.

Compare the top variable closed products right here at LowestRates.ca. You can get started by selecting a product from the rate chart above.

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