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Mortgage Rates
Mortgages

Compare our mortgage rates

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Your dream home is waiting. Whether you’re a first-time buyer, ready to downsize or looking to refinance, we've got you covered with rates and options to suit your unique situation.

Check out our featured rates:

3-year fixed rate mortgage

(closed)

5.44%

5-year fixed rate mortgage

(insured)

4.74%

5-year variable rate mortgage

(insured)

6.00%

All available mortgage rates:

List of rates for Featured Mortgages
Featured Mortgages Rate
5-Year Variable Rate Closed - Insured (2)
6.00%
5-Year Fixed Rate Closed - Insured (1)
4.74%
List of rates for Fixed Rate Mortgages
Fixed Rate Mortgages Rate
1-Year Open
9.00%
1-Year Closed
6.89%
2-Year Closed
6.39%
3-Year Closed
5.44%
4-Year Closed
5.29%
5-Year Closed
5.24%
5-Year Closed - Insured (4)
4.74%
7-Year Closed
5.59%
10-Year Closed
5.84%
List of rates for Variable Rate Mortgages (2)
Variable Rate Mortgages (2) Rate
5 Year Closed
6.54%
5 Year Closed - Insured (4)
6.00%
List of rates for Special Rates (3)
Special Rates (3) Rate
1 Year Closed
6.89%
2 Year Closed
6.39%
3 Year Closed
5.39%
4 Year Closed
5.29%
5 Year Closed
5.04%
5 Year Variable
6.30%
*Special rates subject to special qualifications and approval, contact a mortgage expert with any questions or to see if you qualify.


Overwhelmed by the numbers? Not sure what it all means? Not a problem. Our local mortgage experts are here to provide more information and guide you through the decision-making process.

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Key mortgage terms

A Fixed-Rate Mortgage is a type of home loan that has a single interest rate for the entire term, or length, of the loan.
A Variable Rate Mortgage is a type of home loan where the interest rate is not fixed, but instead, it adjusts at a level above a specific benchmark or reference rate throughout the loan’s term.
Open mortgage rates: These are flexible mortgage rates that allow you to repay any part of your mortgage at any time without a prepayment charge, but often have higher interest rates.

Closed mortgage rates:
 These are fixed-term mortgage rates with lower interest rates, but they may include prepayment penalties if you pay more than the agreed amount before the term ends.
Open term mortgage: This is a flexible mortgage that allows you to borrow more money from the lender at a later time.

Closed term mortgage: This is a fixed-term mortgage where you cannot increase the principal amount and must repay it by a certain date.
Insured mortgage: This is a mortgage that is protected by mortgage default insurance, typically required when the down payment is less than 20% of the home’s purchase price.

Uninsured mortgage: This is a mortgage that does not have mortgage default insurance, typically applicable when the down payment is more than 20% of the home’s purchase price. Since these home buyers have a larger proportion of equity in their home, they are not required to take out mortgage default insurance.
Mortgage amortization: It’s the process of paying off your home loan in regular monthly payments over a fixed period of time, where initially most of the payment goes towards interest and later, most of it reduces the principal debt.
 

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Additional mortgage resources

First-time home buyer’s toolkit

Tips for when you purchase a home

The B.C. housing market over the decades

View additional housing articles in our Online Advice Centre.
 
 


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