Variable Mortgage Rates

Historically, mortgagors have been better off with variable mortgage rates rather than a fixed rate mortgage.  However, our current rate environment is making history.  Fixed rates are at or near record lows and some variable rates do not offer much of a discount.  Variable rates continue to offer more flexibility with the availability to lock in any time or pay-out with only 3 months interest penalty.  Consult an Accredited Mortgage Professional (AMP) to find the mortgage term to best meet your needs.

Updated: July 6th, 2016
Rate Showroom
Published Rate
Lender
Term
Rate Hold
Pre-payments
Double-up
Option
Other Special
Conditions
 
2.35%2.35%5 Years90 Days20/20NoYes Request Rate
2.35%2.70%First National Financial LP
First National
5 Years120 Days15/15YesMarch 2019 Maturity DateRequest Rate
2.35%2.70%
TD - Canada Trust
5 Years120 Days15/20NoNoRequest Rate
2.35%2.70%Scotiabank
Scotiabank
5 Years120 Days15/15YesNoRequest Rate
2.70%2.70%Meridian
Meridian
5 Years90 Days20/20NoOntario Purchases and Refinances onlyRequest Rate
2.70%2.70%
National Bank
5 Years90 Days10/20YesNoRequest Rate
2.70%2.70%
Tangerine
5 Years120 Days25/25NoMax 25 Yr AmortizationRequest Rate
2.70%2.70%
BMO
5 Years120 Days10/10NoNo<Request Rate
2.70%2.70%
CIBC
5 Years90 Days10/10NoNoRequest Rate
2.70%2.70%Merix
Merix
5 Years120 Days20/20NoYesRequest Rate
2.70%2.70%
Royal Bank
5 Years120 Days10/10YesNoRequest Rate

Rates are subject to change without notice. All rates are subject to borrower qualification.