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Mortgage Rates

Fixed or variable? Open or closed? Our team of experts will help you decide which options are best for your specific needs. 

Mortgage Rates

Fixed or variable? Open or closed? Our team of experts will help you decide which options are best for your specific needs.

4.94

5 Year - Fixed Term From

5.55

5 Year - Variable Term From

We work with Canada’s leading mortgage lenders to get you the lowest mortgage rates available. Qualification may depend on factors such as credit score, home equity, and current Canadian regulating guidelines. Contact us for more details, with no cost and no obligation!

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We Watch Mortgage Rates Daily

Every day we receive updates from our many lenders, providing us with promotional rates, products, and solutions for our client’s needs. Since mortgage rates often change, it is important to have the proper guidance helping you determine which is the best mortgage rate available for you! Since everyone’s scenario is different, it is important to understand the differences when it comes to mortgage rates.

Fixed vs Variable Rates

Choosing a fixed or variable rate will depend largely on your personal budget and financial goals. A fixed rate is better suited for people who are more comfortable with a set budgeted amount for their mortgage. Knowing what to expect can provide security, regardless of market and rate fluctuations.

On the other hand, you may want to take advantage of lower variable rates, provided you are comfortable accepting the changes in your mortgage payments. With fluctuating mortgage rates in the market, we can help you determine whether this is the time to lock in a fixed rate, or to choose a variable rate which can fluctuate over time.

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Open vs Closed Mortgages

Having an open mortgage means that you have more flexibility for the repayment of your loan. This allows you pay off as much as you want, any time, with zero penalty. If you’re considering selling your home soon, this may be a great option.

Closed mortgage rates are more suitable if you know that you intend to stay in your home or would prefer the security of a lower loan payment. These closed term mortgage rates are much lower and will often be the more popular choice.

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Insured vs Uninsured Mortgage Rates

Insured mortgages are those covered by default mortgage insurance, usually with either CMHC, Sagen, or Canada Guaranty.

Often known as high-ratio mortgages, they allow you to purchase with as low as 5% down, and often come with the lowest rates on the market. Since these mortgages are greater than 80% of the home value, the lenders in Canada require mortgage default insurance, and the insurance premium is paid by you – the borrower – and worked into your mortgage balance.

Uninsured mortgages (also known as conventional mortgages) are those with no default mortgage insurance. Lenders here are only able to finance up to 80% of the home’s value, therefore requiring a minimum of 20% down for a purchase. Although rates may be slightly higher than insured rates, the benefit is avoiding the additional premium that is added to the mortgage. It is also important to note that a refinance can only ever be uninsured.

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Insured vs Uninsured Mortgage Rates

Insured mortgages are those covered by default mortgage insurance, usually with either CMHC, Sagen, or Canada Guaranty.

Often known as high-ratio mortgages, they allow you to purchase with as low as 5% down, and often come with the lowest rates on the market. Since these mortgages are greater than 80% of the home value, the lenders in Canada require mortgage default insurance, and the insurance premium is paid by you – the borrower – and worked into your mortgage balance.

Uninsured mortgages (also known as conventional mortgages) are those with no default mortgage insurance. Lenders here are only able to finance up to 80% of the home’s value, therefore requiring a minimum of 20% down for a purchase. Although rates may be slightly higher than insured rates, the benefit is avoiding the additional premium that is added to the mortgage. It is also important to note that a refinance can only ever be uninsured.

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Length of Your Mortgage Term

The term you select is important, too. Short term mortgages are appropriate if you believe interest rates will be lower at renewal time. Long term mortgages are suitable if you feel current rates are reasonable and you want the security of budgeting for the future. This is especially important for first time homebuyers. Most popular are 5 year terms, as this is where most lenders will offer the best rates available.

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Pre-payment and Repayment Schedules

Planning at the mortgage negotiation stage can help you to achieve your financial goals. We can help you assess your needs – whether you would like the ability to make pre-payments on your loan, to increase your payment frequency to pay down your mortgage faster, or simply to service your loan while keeping cash flow at a maximum.

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Our Process is Simple

Find the best mortgage to suit your needs!

Simply Click ‘Apply Now’

or contact us if you have any questions.

Reviewing Your Application

We’ll then contact you to evaluate your needs.

We’ll Find You the Best Rate

We’ll find you the best mortgage rate & features.

We’ll Submit Your Application

We’ll forward your application to the lender.

Last – You’re Approved!

You simply sign the forms, and you’ve got your mortgage.