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
Variable2.152.20-0.05mortgage rate loweredJul 25, 2017
6 month3.103.95-0.85mortgage rate loweredDec 31, 2015
1 year2.442.390.05mortgage rate risenJul 18, 2017
2 years2.542.140.40mortgage rate risenJul 20, 2017
3 years2.642.69-0.05mortgage rate loweredAug 11, 2017
4 years2.842.790.05mortgage rate risenAug 4, 2017
5 years2.842.590.25mortgage rate risenJul 20, 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)
Variable2.152.700.55N/AN/A
6 month3.103.140.04$44.28N/A
1 year2.443.140.70$1,544.46$1,544.46
2 years2.543.040.50$2,186.06$1,093.03
3 years2.643.651.01$6,570.90$2,190.30
4 years2.844.391.55$13,367.14$3,341.78
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 2.44 2.54 2.59 2.79 2.84
ATB Financial 2.200 4.100 2.990 2.390 2.640 2.740 2.990
Alterna Bank 2.700 4.000 2.790 2.740 2.840 2.650 2.700
Alterna Savings 2.800 4.000 2.790 2.740 2.840 2.940 2.990
Bank of Montreal (BMO) 2.950 4.200 3.090 3.190 3.590 4.090 4.840
Bank of Nova Scotia
2.950 4.550 3.290 3.090 3.390 3.890 4.640
CIBC Mortgages 2.950 3.140 2.840 2.790 3.390 4.090 4.790
Canadian Western Bank 2.500 3.700 2.440 2.240 2.380 2.540 2.640
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 2.890
Desjardins - Caisses 2.950 4.400 3.140 3.240 3.390 3.890 4.740
Effort Trust - 4.500 4.000 4.100 4.300 5.000 5.100
Equitable Bank - - 3.140 3.040 3.650 4.390 4.640
First Calgary Financial - 3.990 2.490 2.540 2.690 2.940 2.790
First National Financial LP 2.950 3.100 3.690 3.390 3.240 3.340 3.390
FirstOntario Credit Union 2.700 4.340 2.790 2.490 2.640 2.790 2.890
HSBC Bank Canada 1.990 3.390 2.290 2.390 2.590 2.690 2.590
Home Trust Company-Agent - - 3.140 3.040 3.650 4.390 4.640
ICICI Bank Canada 3.050 - 2.640 2.640 2.640 3.190 3.290
Investors Group Trust 3.050 4.200 3.040 2.890 3.390 3.890 4.640
Kindred Credit Union 2.950 - 3.400 3.400 3.450 3.450 3.490
Laurentian Bank Canada 2.950 4.400 2.890 3.040 3.390 3.890 4.740
League Savings & Mortgage - 4.450 2.990 2.650 2.800 2.950 3.050
Libro Credit Union - 3.750 2.900 2.900 2.950 2.950 2.990
London Life 3.050 4.200 3.090 2.890 3.390 3.890 4.640
Manulife Bank 2.950 4.450 3.000 2.940 2.990 3.040 3.090
Manulife Trust - 4.450 3.000 2.940 2.990 3.040 3.090
Meridian Credit Union 2.550 4.000 2.840 2.790 3.390 3.890 2.740
National Bank 2.950 4.400 3.140 3.040 3.390 3.890 4.740
PACE Savings & CU - 5.000 3.140 3.040 3.650 4.390 4.640
Parama Credit Union 2.900 - 2.800 2.850 2.950 3.050 3.150
Peace Hills Trust - 4.500 3.150 3.500 3.750 3.850 3.950
President's Choice Financial
2.950 6.040 3.140 2.790 3.340 3.990 4.440
Rapport Credit Union 2.700 6.000 3.090 3.040 3.390 3.890 4.640
Royal Bank of Canada (RBC) 2.950 3.140 3.140 3.040 3.650 4.390 4.640
Steinbach Credit Union - - 2.540 2.540 2.540 2.640 2.740
Street Capital Bank 2.300 - 2.840 2.840 2.940 2.940 3.090
TD CanadaTrust 3.100 3.140 3.040 2.840 3.440 3.890 4.840
Tangerine 2.550 - 3.290 2.640 2.740 2.840 2.890
WFCU Credit Union - 4.450 3.000 3.040 3.650 4.390 4.640
Your Neighbourhood CU - - 2.790 2.890 3.090 3.190 2.890
Last Update: 2017-07-25