The Best Mortgage Rates in Canada
Find the best mortgage rates in Canada for you. You can compare mortgage rates from 100+ banks, credit unions, mortgage brokers, and specialty lenders, or quickly access the best mortgage rate in your area.
Rates Updated December 12, 2013 08:18 EST
|Best Closed Mortgage Rates|
|Best Fixed Rates||Best Variable Rates|
|Best HELOC Mortgage Rates|
|Best Open Mortgage Rates|
|Best Fixed Rates||Best Variable Rates|
Frequently Asked Questions
Why don't I see my bank?
RateSupermarket.ca compares 100+ lenders across Canada including banks, brokers, and credit unions so that you're seeing the current best mortgage rate on the market (which might not always be from one of the top five banks).
What is the difference between a fixed mortgage rate and a variable mortgage rate?
With a fixed mortgage rate you are ‘locked in’ to that rate for a set period of time, while with a variable mortgage rate the rate changes based on the mortgage lender's prime rate.
If you are unsure about whether a rate is best suited for your needs, we recommend speaking with a mortgage expert, or select ‘Get Rate’ above and fill out your contact details to be put in touch with a mortgage expert.
What is the most popular mortgage rate?
The most popular mortgage rate is a five year fixed mortgage rate.
How do I find the best mortgage rate?
Above you can view the current lowest rate in your region, however, lowest doesn't necessarily mean best. Select ‘View All’ to view a complete list of all of the rates for that term in your area and see how your rate stacks up.
What is a Mortgage Broker?
A mortgage broker is a professional who is trained to represent you when you're seeking financing from a lender. Mortgage brokers work for you (the customer), have access to a variety of rates and lenders, and are absolutely free to use.
I have a question about one of these rates - what should I do?
If you have a question about any of the above rate, select ‘Get Rate’, fill out your contact details and we'll put you in touch with a mortgage expert who can best answer your questions.
Is my information secure?
Any personal information you share with the site is securely passed using SSL (Secure Socket Layer) protocol. We are Norton Secured, the world's leading provider of online security, and powered by VeriSign.
How do I calculate my mortgage payments?
Use the Mortgage Calculator to see how your mortgage rate stacks up, and to determine your monthly payments. Enter your current mortgage rate, and compare your results with the best mortgage rates in the province. Canadians who compare their mortgage rate can save thousands of dollars.
You can also use the mortgage calculator to see how payment options like rapid and lump sum payments can decrease your mortgage amortization and save you thousands of dollars in interest!
How do I know how much I can afford?
The Mortgage Affordability Calculator can help you determine how much of a mortgage you can afford, and how big your monthly payments should be. Enter your gross household income, monthly expenses, debts, and other additional costs to determine your affordability options.
Using the Affordability Calculator is an effective way to create a home buying budget, refinance your current home, or choose the best mortgage rate for you.
How much will it cost to break my mortgage?
Depending on your mortgage agreement, refinancing or paying off your mortgage early could have associated fees and costs. Use the Mortgage Penalty Calculator to determine the penalty amount for breaking your mortgage. Enter your mortgage value, current mortgage rate, and the length of time remaining on your mortgage contract. Generally, you can expect to pay the equivalent of 3 months of your mortgage's monthly interest, or the Interest Rate Differential Amount.
Do you have questions about the penalties associated with breaking your mortgage? Connect with a mortgage expert for answers. It's free, and you have no obligations.
As seen on
RateSupermarket.ca is Canada's independent personal finance rate comparison site. Over 2.5 million Canadians have saved by comparing the market on RateSupermarket.ca and finding the best rate for their mortgage, credit card, bank account, savings accounts, GICs, and insurance quotes.
3+ Million Canadians have compared mortgage rates and saved thousands on their mortgage on RateSupermarket.ca
Popular Mortgage Types
- 6 Month Fixed Closed Mortgage Rates
- 1 Year Fixed Closed Mortgage Rates
- 2 Year Fixed Closed Mortgage Rates
- 3 Year Fixed Closed Mortgage Rates
- 4 Year Fixed Closed Mortgage Rates
- 6 Year Fixed Closed Mortgage Rates
- 7 Year Fixed Closed Mortgage Rates
- 8 Year Fixed Closed Mortgage Rates
- 9 Year Fixed Closed Mortgage Rates
- 10 Year Fixed Closed Mortgage Rates
- 15 Year Fixed Closed Mortgage Rates
- 25 Year Fixed Closed Mortgage Rates
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