Current Mortgage Rates (with last date of rate change)
Mortgage Term
Current Mortgage Rates (%) *
Previous Mortgage Rates (%)
Change (%)
Date of Change
Special Products
Current Mortgage Rates (%) *
Variable
4.10
4.60
-0.50
Apr 23, 2008
Introductory Variable
2.24
6 month
4.75
4.60
0.15
May 8, 2008
Adjustable Rate
1 year
5.10
4.65
0.45
Jun 16, 2008
Low Documentation
2 years
5.50
5.40
0.10
Jun 16, 2008
No Money Down
3 years
5.50
5.15
0.35
Jun 16, 2008
4 years
5.65
5.79
-0.14
Jun 16, 2008
5 years
5.45
5.25
0.20
Jun 16, 2008
7 years
6.20
5.90
0.30
Jun 16, 2008
10 years
6.20
6.25
-0.05
Jun 16, 2008
15 years
6.75
6.85
-0.10
Jun 16, 2008
18 years
6.75
6.85
-0.10
Jun 16, 2008
25 years
6.85
6.95
-0.10
Jun 16, 2008
* Mortgages and rates subject to change without notice. Note: Some rates may not be available in certain areas. Call 1-888-818-4262 for details.
Last update: Jul 4, 2008
CanEquity Mortgage Rates vs Conventional Rates (with savings)
Mortgage Term
CanEquity Mortgage Rates (%) *
Conventional (Bank Posted) Rates (%)
Difference (%)
Savings Over Term 1 (CanEquity vs Posted)
Savings Per Year 1 (CanEquity vs Posted)
Variable
4.10
4.75
0.65
N/A
N/A
6 month
4.75
6.21
1.46
$1,783.01
N/A
1 year
5.10
6.15
1.05
$2,561.20
$2,561.20
2 years
5.50
6.15
0.65
$3,164.28
$1,582.14
3 years
5.50
6.15
0.65
$4,736.42
$1,578.81
4 years
5.65
6.59
0.94
$9,116.62
$2,279.15
5 years
5.45
6.65
1.20
$14,504.88
$2,900.98
7 years
6.20
7.35
1.15
$19,429.34
$2,775.62
10 years
6.20
7.45
1.25
$29,830.79
$2,983.08
15 years
6.75
N/A
N/A
N/A
N/A
18 years
6.75
N/A
N/A
N/A
N/A
25 years
6.85
8.55
1.70
$80,567.75
$3,222.71
1 Calculation based on a $250,000.00 mortgage over a 25 year amortization using a monthly payment schedule (mortgage needed for an average Calgary inner-city two-story home). * Mortgages and rates subject to change without notice.
Ten Year History for 1, 3 and 5 Year Fixed Rates (with poly. trend)
Variable Mortgage vs 5 Year Fixed Rate
Current Top Lender Mortgage Rates: Variable, 6 Month - 5 Year Fixed
Financial Institution
Mortgage Term
Variable
6 Mth
1 Year
2 Year
3 Year
4 Year
5 Year
CanEquity Mortgage
2.24*/4.10
4.75
5.10
5.50
5.50
5.65
5.45
AGF Trust
-
6.15
6.95
6.99
6.99
6.85
6.95
AMA Financial
4.70
-
6.65
5.94
5.55
5.99
5.59
ATB Financial
4.15
6.60
6.40
6.65
6.65
6.99
6.09
Alterna Bank
-
6.35
5.35
5.40
5.45
5.64
5.55
Alterna Savings
-
6.35
5.35
5.40
5.45
5.64
5.55
Bank of Montreal (BMO)
4.296
6.21
6.95
7.00
7.00
6.99
7.15
Bank of Nova Scotia
4.25
6.60
6.55
6.65
6.65
6.99
7.15
Bridgewater Bank
4.75
-
6.70
5.99
5.60
-
5.64
CIBC Mortgages
4.38
7.10
6.40
6.55
6.55
6.84
6.95
Caisses Desjardins
-
6.90
6.30
6.65
6.65
6.85
7.10
CanEquity Mortgage
4.10
4.75
5.10
5.50
5.50
5.65
5.45
Canadian Western Bank
4.25
6.60
6.55
6.65
6.65
6.99
7.15
Canadian Western Trust
4.25
6.60
6.55
6.65
6.65
6.99
7.15
Cataract Savings & CU
-
-
6.25
-
-
-
5.89
Citibank
-
6.60
6.95
7.00
7.00
6.99
7.15
Citizens Bank of Canada
4.75
5.95
5.95
5.95
5.95
5.95
5.95
Common Wealth Credit Union
4.25
-
6.05
5.55
5.55
5.92
6.08
Comtech Credit Union
-
6.60
5.09
7.15
7.20
7.20
5.50
Concentra Financial
-
6.50
6.55
6.65
6.65
6.99
7.15
DUCA Financial Services
4.25
5.60
5.25
5.35
5.45
5.55
5.45
Effort Trust
-
6.60
6.60
6.60
6.60
6.95
7.10
Equitable Trust
-
-
6.95
7.00
7.00
6.99
7.15
First Calgary Savings
-
6.20
6.55
6.65
6.65
6.99
7.15
First National Financial LP
4.15
6.20
5.10
5.50
5.505
5.65
5.65
FirstLine Mortgages
4.75
7.80
7.20
6.05
5.95
6.00
5.89
FirstOntario Credit Union
4.20
5.65
5.70
5.70
5.80
5.80
5.70
HSBC Bank Canada
4.25
6.21
6.75
6.75
6.75
6.99
7.15
Home Trust Company
-
-
6.65
6.65
6.65
6.99
7.15
ICICI Bank Canada
4.25
-
5.70
5.75
5.80
5.85
5.75
ING Direct
4.20
-
5.30
5.25
5.50
5.55
5.55
Investors Group Trust
3.75
6.60
6.65
6.65
6.65
6.99
7.15
Key Savings & CU
-
6.21
6.30
6.35
6.30
6.54
6.65
Lambton Financial CU
4.45
-
5.75
5.80
5.85
5.90
5.95
Laurentian Bank Canada
4.75
6.50
6.40
6.65
6.65
6.90
7.10
League Savings & Mortgage
-
6.60
6.65
6.65
6.65
6.99
7.15
Libro Financial Group
-
6.20
6.45
6.45
6.45
6.85
6.90
London Life
3.75
6.60
6.65
6.65
6.65
6.99
7.15
Manulife Bank
-
6.20
5.30
5.30
5.40
5.50
5.50
Meridian Credit Union
-
6.06
6.25
6.40
6.40
6.69
5.89
National Bank
4.75
6.50
6.50
6.65
6.65
7.00
7.00
Ontario Civil Service CU
-
6.00
5.30
5.90
5.65
5.99
6.15
PACE Savings & CU
-
6.50
6.55
6.65
6.65
6.99
7.15
Parama Credit Union
-
-
5.25
5.45
5.55
5.80
6.15
Peace Hills Trust
-
6.60
6.65
6.65
6.65
6.99
7.15
President's Choice Financial
4.30
6.99
6.39
5.70
5.70
5.69
5.69
Promutuel Capital
-
6.80
6.49
6.55
6.55
6.75
6.05
ResMor Trust
4.25
-
6.25
5.80
5.85
5.90
5.74
Royal Bank of Canada (RBC)
4.40
6.60
6.65
6.65
6.65
6.99
7.15
Servus Credit Union
-
6.21
6.65
6.65
6.65
6.99
6.40
So-Use Credit Union
-
6.30
5.25
5.15
5.95
6.10
5.60
Steinbach Credit Union
-
-
5.00
5.10
5.20
5.40
5.50
TD CanadaTrust
4.40
6.20
6.95
7.00
7.00
6.99
7.15
Virtual One Credit Union
-
-
4.95
5.65
5.70
5.84
5.75
Windsor Family CU
-
6.00
5.95
6.00
6.10
6.15
6.20
Your Credit Union
4.50
-
6.15
6.15
6.15
6.30
5.49
Your Neighbourhood CU
-
-
6.00
6.20
6.40
6.50
6.55
* Introductory variable rate mortgage. Last Update: 2008-07-04
