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 years3.143.18-0.04mortgage rate loweredMay 8, 2018
3 years3.243.39-0.15mortgage rate loweredMay 8, 2018
4 years3.293.44-0.15mortgage rate loweredMay 8, 2018
5 years3.243.190.05mortgage rate risenMay 7, 2018
7 years3.443.390.05mortgage rate risenMay 3, 2018
10 years3.993.890.10mortgage rate risenMay 3, 2018
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 years3.143.04-0.10$437.49$218.75
3 years3.243.650.41$2,671.24$890.41
4 years3.294.391.10$9,501.77$2,375.44
5 years3.244.641.40$15,011.43$3,002.29
7 years3.445.301.86$27,608.60$3,944.09
10 years3.996.102.11$44,089.98$4,409.00
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 3.14 3.24 3.29 3.24
ATB Financial 3.050 4.500 3.140 3.390 3.490 3.590 3.690
Alterna Bank 2.850 4.400 3.190 3.344 3.440 3.490 3.490
Alterna Savings 2.900 5.200 3.190 3.340 3.440 3.490 3.490
Bank of Montreal (BMO) 3.850 4.200 3.440 3.600 4.150 4.890 5.190
Bank of Nova Scotia
3.900 4.750 3.690 3.590 4.340 4.490 5.340
CIBC Mortgages 3.700 3.750 3.390 3.340 3.640 4.290 5.140
Canadian Western Bank 3.500 6.390 2.990 3.140 3.290 3.340 3.310
Canadian Western Trust 2.900 4.000 3.140 3.040 3.650 4.200 4.740
Comtech Credit Union - 6.200 3.050 3.210 3.300 3.400 3.450
Desjardins - Caisses 3.700 4.400 3.490 3.740 4.300 4.940 5.490
Effort Trust - 4.500 4.000 4.100 4.150 4.600 4.850
Equitable Bank - - 3.490 3.690 4.300 5.040 5.340
First Calgary Financial - 4.090 3.390 3.410 3.490 3.550 3.590
First National Financial LP 3.700 4.500 4.090 3.640 3.640 3.690 3.790
FirstOntario Credit Union 3.450 4.940 3.590 3.540 3.590 3.900 3.690
HSBC Bank Canada 2.790 3.690 3.040 3.240 3.290 3.440 3.440
Home Trust Company-Agent - - 3.490 3.740 4.300 5.040 5.340
ICICI Bank Canada 3.050 - 3.190 3.190 3.940 4.290 5.140
Investors Group Trust 3.700 4.200 3.490 3.590 4.140 4.890 5.340
Kindred Credit Union 3.700 - 4.050 4.050 4.100 4.200 4.300
Laurentian Bank Canada 3.700 4.400 3.490 3.740 4.150 4.890 5.490
League Savings & Mortgage - 4.450 3.250 3.350 3.500 3.550 3.600
Libro Credit Union - 4.250 3.700 3.700 3.700 3.740 3.790
London Life 3.700 4.200 3.490 3.590 4.140 4.890 5.340
Luminus Financial 4.000 - 4.100 4.200 4.350 4.800 5.340
Manulife Bank 4.200 4.450 3.340 3.440 3.540 3.640 3.840
Manulife Trust - 4.450 3.340 3.440 3.540 3.640 3.840
Meridian Credit Union 2.700 4.000 3.040 3.290 2.990 3.890 3.490
National Bank 3.700 4.400 3.490 3.740 4.300 4.890 5.340
PACE Savings & CU 2.700 3.140 3.890 3.990 4.150 4.890 5.140
Parama Credit Union 3.400 - 3.390 3.490 3.590 3.790 3.890
Peace Hills Trust - 4.500 3.350 3.500 3.750 4.050 4.250
Rapport Credit Union 3.700 6.000 3.540 3.590 4.040 4.440 5.350
Royal Bank of Canada (RBC) 3.700 3.490 3.490 3.740 4.300 5.040 5.340
Simplii Financial 3.700 6.190 3.540 3.340 3.590 4.190 4.790
Steinbach Credit Union - - 3.040 3.190 3.290 3.390 3.440
Street Capital Bank 2.950 - 3.690 3.690 3.790 3.790 3.740
TD CanadaTrust 3.850 3.140 3.040 3.540 3.690 3.890 5.590
Tangerine 3.200 - 3.290 3.340 3.390 3.490 3.590
Your Neighbourhood CU - - 3.340 3.440 3.640 3.740 3.990
Last Update: 2018-09-06