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
Variable2.362.200.16mortgage rate risenJan 22, 2018
6 month4.093.100.99mortgage rate risenFeb 20, 2018
1 year2.993.19-0.20mortgage rate loweredFeb 20, 2018
2 years3.043.29-0.25mortgage rate loweredFeb 20, 2018
3 years3.393.090.30mortgage rate risenFeb 20, 2018
4 years3.443.59-0.15mortgage rate loweredFeb 20, 2018
5 years3.243.140.10mortgage rate risenFeb 20, 2018
7 years3.693.240.45mortgage rate risenOct 25, 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)
Variable2.362.700.34N/AN/A
6 month4.093.14-0.95$1,050.22N/A
1 year2.993.140.15$330.85$330.85
2 years3.043.040.00$0.00$0.00
3 years3.393.650.26$1,694.51$564.84
4 years3.444.390.95$8,210.28$2,052.57
5 years3.244.641.40$15,011.43$3,002.29
7 years3.695.301.61$23,939.46$3,419.92
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 2.36 4.09 2.99 3.04 3.39 3.44 3.24
ATB Financial 3.000 4.500 3.090 3.190 3.340 3.390 3.390
Alterna Bank 3.150 4.000 3.290 3.240 3.290 3.250 3.350
Alterna Savings 3.200 4.000 3.290 3.240 3.290 3.390 3.490
Bank of Montreal (BMO) 3.600 4.200 3.290 3.500 4.050 4.790 5.140
Bank of Nova Scotia
3.450 4.750 3.690 3.490 3.940 4.290 5.140
CIBC Mortgages 3.450 3.750 3.290 3.240 3.640 4.290 4.990
Canadian Western Bank 3.000 6.390 2.990 2.990 3.190 3.270 3.400
Canadian Western Trust 2.900 4.000 3.140 3.040 3.650 4.200 4.740
Comtech Credit Union - 6.200 3.050 3.100 3.150 3.200 3.290
Desjardins - Caisses 3.450 4.400 3.440 3.590 4.150 4.590 5.140
Effort Trust Company - 4.500 4.000 4.100 4.150 4.600 4.850
Equitable Bank - - 3.340 3.390 3.950 4.890 5.140
First Calgary Financial - 4.090 3.240 3.240 3.290 3.340 3.440
First National Financial LP 3.450 4.090 4.090 3.790 3.640 3.640 3.690
FirstOntario Credit Union 3.300 4.940 3.590 3.240 3.340 3.490 3.490
HSBC Bank Canada 2.690 3.690 2.940 2.990 3.040 3.190 3.290
Home Trust Company-Agent - - 3.240 3.290 3.900 4.640 4.890
ICICI Bank Canada 3.050 - 3.190 3.190 3.940 4.290 5.140
Investors Group Trust 3.450 4.200 3.350 3.350 3.740 4.240 5.140
Kindred Credit Union 3.450 - 3.950 3.950 3.950 4.000 4.040
Laurentian Bank Canada 3.450 4.400 3.390 3.590 4.150 4.590 5.140
League Savings & Mortgage - 4.450 3.050 3.150 3.300 3.400 3.500
Libro Credit Union - 3.750 3.450 3.450 3.450 3.490 3.540
London Life 3.450 4.200 3.350 3.350 3.740 4.240 5.140
Luminus Financial 4.000 - 4.100 4.200 4.350 4.500 4.990
Manulife Bank 3.950 4.450 3.240 3.340 3.440 3.540 3.640
Manulife Trust - 4.450 3.240 3.340 3.440 3.540 3.640
Meridian Credit Union 3.050 4.000 3.040 3.140 3.390 3.890 3.490
National Bank 3.200 4.400 3.340 3.590 4.150 4.590 5.140
PACE Savings & CU 2.700 3.140 3.340 3.590 4.150 4.890 5.140
Parama Credit Union 3.400 - 3.090 3.190 3.290 3.490 3.690
Peace Hills Trust - 4.500 3.350 3.500 3.750 4.050 4.250
Rapport Credit Union 3.450 6.000 3.090 3.250 3.890 4.250 5.140
Royal Bank of Canada (RBC) 3.450 3.340 3.340 3.590 4.150 4.890 5.140
Simplii Financial 3.450 6.190 3.440 3.240 3.590 4.190 4.640
Steinbach Credit Union - - 3.090 3.190 3.290 3.390 3.490
Street Capital Bank 2.450 - 3.290 3.290 3.440 3.440 3.440
TD CanadaTrust 3.600 3.140 3.040 3.340 3.490 3.890 5.140
Tangerine 2.950 - 3.290 3.240 3.290 3.390 3.490
Your Neighbourhood CU - - 3.090 3.190 3.390 3.490 3.690
Last Update: 2018-02-22