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The Best 3 Year Variable Open 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!

Expecting Market Rewards?

Variable rates are generally lower than fixed rates, the difference being that variable rates may go up and down during your mortgage terms. Mortgage shoppers choose variable rates in the hopes that they will stay the same for the duration of the term. They may drop even lower!

Expecting a Personal Windfall?

Unlike a closed mortgage, there are no terms and conditions by which you have to pay off your mortgage. You could pay the entire balance tomorrow without fear of penalty. This makes an open mortgage ideal for those expecting a large windfall such as the sale of a business, an inheritance, or the release of a personal fund.

Want More Options?

As you can see the list of 3 Year Variable Open Mortgage Rates is not a long one. Fortunately RateSupermarket.ca compares not only rates offered by banks, but mortgage brokers, credit unions and specialty lenders. You'll find more options by searching in the much more popular five year category. If you are committed to a three year term, you might want to compare fixed rates or closed mortgages.

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