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The Best 2 Year Fixed Closed Mortgage Rates

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Ready to find your best mortgage rate?

CIBC
President's Choice Financial
RBC Royal Bank
Scotiabank
Tangerine
TD Canada Trust
BMO Bank of Montreal
True North

To get started, tell us a bit about your location and borrowing needs - and we'll do the rest! Your personalized results will include the best rates from lenders and mortgage brokers, right in your region. Simply pick a product you like, and we'll put you in touch for more info by email, website or phone - no obligation or purchase required.

What is a mortgage broker - and why would I work with one instead of a bank?

Think of a mortgage broker as your personal mortgage shopper - they've got access to a number of rates offered by multiple lenders, and do the legwork to connect you with your best match. Brokers work with your unique financial institution, and will help negotiate the best rate on your behalf - best of all, their services are absolutely free!

The Advantage of a Short Term Fixed Rate

A fixed mortgage rate doesn't change for the duration of its mortgage term. But while you're shopping you'll notice these rates changing constantly. Having a short term mortgage is a good way to get a low rate and take advantage of the changing market when it's time to renew your mortgage. Keep an eye on things by signing up for our Rate Alert.

I Don't Recognize Some of the Lenders in the Grid. Why?

It's no secret that banks offer mortgages, but you can also take advantage of the expertise of a mortgage broker. Brokers can offer a range of rates from different lenders, often giving them a market advantage when finding lower rates.

Why Not Try a Variable?

The typical Canadian mortgage customer tends to shy away from variable rates because, unlike fixed rates, they fluctuate with the market. But despite their instability they are often lower than fixed rates. Especially if you only want a mortgage for a few years, a variable rate could be your best option.

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