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: August 28, 2020
Rate ShowroomLenderTermRate HoldPre-paymentsDouble-up
Option
Other Special
Conditions
 
1.85%
MCAP
5 Years120 Days20/20NoInsured Purchase/TransferRequest Rate
1.95%
TD - Canada Trust
5 Years120 Days15/20NoInsured Special OfferRequest Rate
1.95%First National Financial LP
First National
5 Years120 Days15/15YesConventional/InsuredRequest Rate
1.95%Scotiabank
Scotiabank
5 Years120 Days15/15YesClosedRequest Rate
2.03%
CIBC
5 Years90 Days10/10NoSpecial OfferRequest Rate
2.05%
Tangerine
5 Years120 Days25/25NoNoRequest Rate
2.15%
BMO
5 Years120 Days20/20NoAmortization over 25 years<Request Rate
2.18%
Royal Bank
5 Years120 Days10/10YesClosedRequest Rate
2.45%
National Bank
5 Years90 Days10/20YesNoRequest Rate
2.90%Merix
Merix
5 Years120 Days20/20NoNoRequest Rate

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