Buying a Home in Canada

Home Buying Manual

Click here for the most recent version of the manual (December 2012).

Mortgage Rates

Discounted rates found on the internet on June 14, 2019.

Fixed-Rate Mortgages

1-year closed: 2.90% (3.09%)
2-year closed: 2.74% (2.89%)

3-year closed: 2.77% (2.77%)
4-year closed: 2.74% (2.74%)
5-year closed: 2.59% (2.69%)
7-year closed: 2.99% (2.94%)
10-yr closed:   2.99% (2.99%)
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 June 7, 2019.

HBI - Home Buyers Incorporated 22 Giberson Drive, Dartmouth, Nova Scotia B2W 6J6, Tel: 902-452-0969, Fax: 902-435-4701 | Halifax Web Design by: immediaC