7 million Canadians have compared and saved

1-866-462-4779

The Best 1 Year Fixed Open Mortgage Rates

  1. Advanced Search

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!

What is an Open Mortgage?

Most mortgage agreements come with conditions governing how fast you can pay off your mortgage or how much you can pay at once. That's not the case with open mortgage rates. You can pay as much as you like. This arrangement makes these kinds of mortgages ideal for someone with a very high income or a windfall on the way.

Save While You Spend With a Variable Rate

Variable rates are generally lower than fixed rates, meaning you'll spend less month to month. Though variable rates can fluctuate as the market changes, a short term guarantees that you won't be with the same mortgage for long. Even if your plan is to pay off your mortgage as fast as possible, a lower rate can still help you save.

Stay Ahead of the Game with a Renewal Reminder

A one year mortgage term will be up before you know it. Stay ahead of the mortgage game by signing up for our mortgage renewal reminder . You'll know when to start shopping for a new rate.

Read More on MoneyWise

Get All the News from Our MoneyWise Blog

MoneyWise is the official news magazine of RateSupermarket.ca. Looking to learn about Canadian finances? You've come to the right place.

Subscribe to the Friday Roundup

Sign up to our weekly newsletter and you’ll get the latest in Canadian personal finance - every Friday.