Interest Rates

Current Rates on November 26, 2019

Find the mortgage rate that best meets your needs. Use our Mortgage Payment Calculator to find out the amount of your mortgage payments.

Mortgage Rates

Term Special Rate Posted Rate
6-12 months – Open 5.95% 6.95%
6 months 4.40% 4.40%
12 months 3.64% 3.69%
24 months 3.29% 3.89%
36 months 3.49% 4.34%
48 months 3.49% 4.89%
60 months 3.29% 5.19%
60 months – CMHC insured 3,04% 5.19%

Notes: Rates are subject to change without prior notice. Rates may vary according to your credit rating, the amount borrowed, guarantees offered and other factors. Certain conditions may apply.

Rates may differ if the amortization of your mortgage is greater than 25 years.

All interest rates are annualized.

Conventional Term Deposits

Term Posted Annual Rate
1 year 1.40%
2 years 1.45%
3 years 1.60%
4 years 1.65%
5 years 2.00%

Short Term Deposits

Term Posted Annual Rate
30-59 days 0.20%
60-89 days 0.40%
90-119 days 0.50%
120-179 days 0.55%
180-269 days 0.60%
270-364 days 0.65%

Progressive GIC – Redeemable Annually

Term Annual Interest Rate
1 year 1.25%
2 years 1.55%
3 years 1.85%
4 years 2.10%
5 years 3.00%

Progressive GIC – Non-Redeemable

Term Annual Interest Rate
1 year 1.50%
2 years 1.75%
3 years 2.00%
4 years 2.25%
5 years 3.20%

Special Offers on Term Deposits

Term Annual Interest Rate
6 months 1.75%
16 months 2.00%
60 months 2.20%

 

GIC Redeemable at any Time

Term Annual Interest Rate
12 months ($1,000 minimum)  0.90%