Variable Mortgage Rates

Historically, mortgagors have been better off with variable mortgage rates rather than a fixed rate mortgage. Variable rates offer 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: June 28th, 2019
Rate ShowroomLenderTermRate HoldPre-paymentsDouble-up
Option
Other Special
Conditions
 
3.1%
MCAP
5 Years120 Days20/20NoInsured Purchase/TransferRequest Rate
3.25%Scotiabank
Scotiabank
5 Years120 Days15/15YesClosed Insured SpecialRequest Rate
3.25%
Tangerine
5 Years120 Days25/25NoNoRequest Rate
3.3%First National Financial LP
First National
5 Years120 Days15/15YesConventional/InsuredRequest Rate
3.35%
Royal Bank
5 Years120 Days10/10YesNoRequest Rate
3.35%
TD - Canada Trust
5 Years120 Days15/20NoClosedRequest Rate
3.8%Merix
Merix
5 Years120 Days20/20NoNoRequest Rate
3.95%
National Bank
5 Years90 Days10/20YesNoRequest Rate
3.95%
CIBC
5 Years90 Days10/10NoNoRequest Rate
4.1%
BMO
5 Years120 Days20/20NoAmortization over 25 years<Request Rate

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