Buying a Home in Canada

Mortgage Rates

Discounted rates found on the internet on April 19, 2019.

Fixed-Rate Mortgages

1-year closed: 3.09% (3.09%)
2-year closed: 3.09% (3.09%)
3-year closed: 2.94% (2.94%)
4-year closed: 3.09% (3.09%)
5-year closed: 2.74% (2.74%)
7-year closed: 3.59% (3.59%)
10-yr closed:   3.44% (3.44%)
Qualify. Rate:  5.34% (5.34%)

Variable-Rate Mortgages

BofC’s Target:   1.75% (1.75%)
Banks' Prime:    3.95% (3.95%)

5-year: Prime - 1.30% or 2.65%

Some rates may only be available to people with top credit living in specific areas. BofC stands for Bank of Canada. The "Qualifying Rate" is used to qualify borrowers choosing terms of 4 years or less. The rates in bracket are from April 12, 2019.


The BAHIC® Network

Are you looking for a mortgage specialist that can match the above rates? A home inspector, lawyer, REALTOR® or any other real estate service provider? A member of the BAHIC® Network may be able to help. Click on the "Find a Local Service Provider" button to see who is available in your area. 


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