Canadian Mortgage Rates
We provide the most competitive mortgage rates from banks, brokers, and lenders in Canada. When you are in the market for a Canadian mortgage, you have several mortgage rate options to consider. Although final mortgage rates are based on your credit history, there are different rate structures that offer distinct benefits for specific needs. This guide will help you understand each of the rate types better so that you can make the rate choice that is right for you. Use our Canadian mortgage rate chart to quickly find the current mortgage rates in your area.
Find your customized rate
Mortgage providers include lenders and mortgage brokers. Lenders will provide the funding for your mortgage whereas mortgage brokers will shop your mortgage around for the best rate.
The mortgage rate is the amount of interest you will pay on the principal balance of your mortgage. This rate will vary depending on whether you choose a fixed or variable mortgage rate.
The rate hold is the length of time (usually 30-120 days) a lender will guarantee the current mortgage rate being offered.
The mortgage prepayment options allow you to either make a lump sum payment against your mortgage principal without penalty or increase your original monthly mortgage payments by a specific percentage.
The monthly mortgage payment is calculated based on the mortgage amount, amortization period, and the associated mortgage interest rate.
The details of the mortgage include the mortgage type and term. The mortgage prepayment options allow you to either make a lump sum payment against your mortgage principal without penalty or increase your original monthly mortgage payments by a specific percentage.