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: April 8th, 2019
Rate ShowroomPublished RateLenderTermRate HoldPre-paymentsDouble-up
Option
Other Special
Conditions
 
2.95%3.95%5 Years120 Days20/20NoInsured Purchase/Transfer RateRequest Rate
2.95%2.95%
MCAP
5 Years120 Days20/20NoInsured SpecialRequest Rate
3.25%3.25%
Tangerine
5 Years120 Days25/25NoMax 25 Year AmortizationRequest Rate
3.35%4.15%Scotiabank
Scotiabank
5 Years120 Days15/15YesMax 25 year AmortizationRequest Rate
3.45%3.45%
TD - Canada Trust
5 Years120 Days15/20NoMax 25 year AmortizationRequest Rate
3.45%3.45%
Royal Bank
5 Years120 Days10/10YesNoRequest Rate
3.50%3.50%First National Financial LP
First National
5 Years120 Days15/15YesInsured Purchase/Transfer RateRequest Rate
3.70%3.70%Merix
Merix
5 Years120 Days20/20NoYesRequest Rate
3.95%3.95%
National Bank
5 Years90 Days10/20YesNoRequest Rate
3.95%3.95%
CIBC
5 Years90 Days10/10NoNoRequest Rate
4.10%4.10%
BMO
5 Years120 Days20/20NoNo<Request Rate

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