Best Mortgage Rates

The Best Mortgage Rates in Canada Today

Alberta Equity aims to help you find the lowest rates in the country with ease. Compare the best rates offered on the most popular products by Canada's top lenders in the rates charts below. Not sure which product will amount to the most savings on your home financing? Pop the mortgage rate into an online mortgage calculator to deduce your future monthly payments. Shopping for the best mortgage rate was never so straightforward.

Current Mortgage Rates


Mortgage Term Current Rates (%) Previous Rates (%) Change (%) Date Changed
Variable2.202.090.11mortgage rate risenOct 13, 2017
6 month3.103.95-0.85mortgage rate loweredDec 31, 2015
1 year2.642.440.20mortgage rate risenSep 13, 2017
2 years2.542.140.40mortgage rate risenJul 20, 2017
3 years2.842.640.20mortgage rate risenSep 27, 2017
4 years2.942.840.10mortgage rate risenSep 28, 2017
5 years2.842.97-0.13mortgage rate loweredSep 26, 2017
7 years3.243.44-0.20mortgage rate loweredJan 16, 2017
10 years3.743.79-0.05mortgage rate loweredApr 7, 2017
Note: Some mortgage rates may not be available in certain areas. Call 1-800-604-1864 for details.

Our Mortgage Rates vs Bank Posted Rates


Mortgage Term Our Rates (%) Bank Rates (%) Difference (%) Savings Over Term 1 (Ours vs Posted) Savings Per Year 1 (Ours vs Posted)
Variable2.202.700.50N/AN/A
6 month3.103.140.04$44.28N/A
1 year2.643.140.50$1,103.07$1,103.07
2 years2.543.040.50$2,186.06$1,093.03
3 years2.843.650.81$5,272.38$1,757.46
4 years2.944.391.45$12,509.40$3,127.35
5 years2.844.641.80$19,262.00$3,852.40
7 years3.245.302.06$30,533.34$4,361.91
10 years3.746.102.36$49,190.92$4,919.09
1 Calculation based on a $225,000.00 mortgage over a 25 year amortization using a monthly payment schedule.

Current Top Lender Mortgage Rates: Variable, 6 Month - 5 Year Fixed


Mortgages: Closed, variable to 5 Year
Financial Institution
Mortgage Term
Variable 6 Mth 1 Year 2 Year 3 Year 4 Year 5 Year
Alberta Equity Mortgage 2.20 3.10 2.64 2.54 2.84 2.94 2.84
ATB Financial 2.750 4.100 2.990 2.990 3.090 3.190 3.290
Alterna Bank 2.950 4.000 2.990 2.840 3.050 3.000 3.090
Alterna Savings 3.050 4.000 2.990 2.840 3.050 3.100 3.190
Bank of Montreal (BMO) 3.200 4.200 3.250 3.290 3.790 4.240 4.840
Bank of Nova Scotia
3.200 4.750 3.490 3.190 3.640 3.990 4.940
CIBC Mortgages 3.200 3.750 3.140 3.090 3.540 4.190 4.890
Canadian Western Bank 3.000 6.390 2.840 2.790 2.890 3.040 3.040
Canadian Western Trust 2.900 4.000 3.140 3.040 3.650 4.200 4.740
Comtech Credit Union - 6.200 2.840 2.890 2.950 2.990 3.040
Desjardins - Caisses 3.200 4.400 3.390 3.390 3.740 4.090 4.990
Effort Trust - 4.500 4.000 4.100 4.300 5.000 5.100
Equitable Bank - - 3.240 3.290 3.850 4.740 4.990
First Calgary Financial - 4.090 2.990 2.990 3.040 3.140 3.290
First National Financial LP 3.200 3.100 3.990 3.640 3.490 3.590 3.640
FirstOntario Credit Union 3.200 4.840 3.440 3.090 3.190 3.340 3.390
HSBC Bank Canada 2.290 3.690 2.940 2.940 2.990 3.040 3.040
Home Trust Company-Agent - - 3.240 3.290 3.900 4.640 4.890
ICICI Bank Canada 3.050 - 2.640 2.640 2.640 3.190 3.290
Investors Group Trust 3.200 4.200 3.150 3.150 3.590 4.090 4.890
Kindred Credit Union 3.200 - 3.650 3.650 3.700 3.700 3.740
Laurentian Bank Canada 3.200 4.400 3.240 3.240 3.590 4.090 4.890
League Savings & Mortgage - 4.450 3.100 3.150 3.250 3.350 3.400
Libro Credit Union - 3.750 3.150 3.150 3.200 3.200 3.240
London Life 3.200 4.200 3.150 3.150 3.590 4.090 4.890
Manulife Bank 3.200 4.450 3.140 3.240 3.340 3.444 3.490
Manulife Trust - 4.450 3.140 3.240 3.340 3.440 3.490
Meridian Credit Union 2.800 4.000 2.840 2.220 3.390 3.890 3.150
National Bank 3.200 4.400 3.240 3.240 3.590 3.890 4.890
PACE Savings & CU 2.700 3.140 3.140 3.190 3.800 4.540 4.790
Parama Credit Union 3.150 - 2.990 3.040 3.140 3.290 3.440
Peace Hills Trust - 4.500 3.150 3.500 3.750 3.850 3.950
President's Choice Financial
3.200 6.190 3.440 3.090 3.490 4.090 4.540
Rapport Credit Union 2.700 6.000 3.090 3.140 3.540 4.190 4.840
Royal Bank of Canada (RBC) 3.200 3.340 3.340 3.390 4.000 4.740 4.990
Steinbach Credit Union - - 2.790 2.790 2.990 3.090 3.190
Street Capital Bank 2.550 - 3.090 3.090 3.190 3.190 3.240
TD CanadaTrust 3.350 3.140 3.040 3.240 3.440 3.890 4.990
Tangerine 2.900 - 3.290 2.940 3.040 3.140 3.240
Your Neighbourhood CU - - 2.790 2.890 3.090 3.190 2.890
Last Update: 2017-10-20