Compare mortgage rates offered by all major Canadian banks and lenders. If you are interested in applying for one of these rates below simply click on the rate and complete the online mortgage application to lock in today's best rates! All of our Canadian mortgage rates are updated daily.

Financial Institution Variable 1 Year 2 Year 3 Year 4 Year 5 Year 7 Year 10 Year
Lowest Rates in Canada 2.25% 2.19% 2.19% 2.29% 2.49% 2.44% 3.24% 3.74%
Mortgage Pre-Approval Mortgage Pre-Approval Mortgage Pre-Approval Mortgage Pre-Approval Mortgage Pre-Approval Mortgage Pre-Approval Mortgage Pre-Approval Mortgage Pre-Approval
ATB Financial 2.60% 2.94% 2.64% 2.69% 2.74% 2.94% 4.44% -
B2B Bank 2.55% 2.94% 2.44% 2.54% 2.74% 2.74% 3.44% 3.84%
Bank of Montreal 2.70% 2.89% 2.99% 3.39% 3.89% 2.89% 5.30% 3.74%
Bridgewater Bank 2.85% 4.75% 4.65% 4.70% 5.15% 5.00% - -
Canadian Western Bank 3.20% 3.14% 3.04% 3.75% 4.39% 4.99% - -
Canadiana Financial 2.35% 2.19% 2.24% 2.29% 2.49% 2.59% - -
CFF Bank 2.35% 2.69% 2.24% 2.39% 2.59% 2.74% - -
CIBC 2.70% 2.84% 2.79% 3.39% 4.09% 4.79% 3.59% 6.09%
CMLS Financial 2.45% 2.29% 2.19% 2.34% 2.74% 2.64% 4.34% 4.84%
Equitable Bank 2.35% 2.39% 2.29% 2.34% 2.54% 2.69% - -
First National Financial 2.40% 2.29% 2.24% 2.49% 2.64% 2.49% 3.44% 3.84%
Home Trust 2.35% 2.69% 2.24% 2.39% 2.59% 2.74% - -
HSBC 2.69% 3.14% 2.44% 3.54% 4.24% 2.80% 5.74% 6.04%
ICICI Bank 2.45% 3.15% 3.65% 3.64% 3.69% 2.64% - -
Laurentian Bank 2.45% 2.89% 2.84% 3.39% 3.89% 3.19% 5.30% 6.10%
Manulife Bank 2.40% 3.00% 2.94% 2.84% 2.79% 2.89% 3.89% 3.99%
MCAP 2.50% 2.89% 2.39% 2.49% 2.59% 2.74% 4.19% 3.84%
Merix Financial 2.25% 2.29% 2.29% 2.39% 2.49% 2.44% 6.25% 6.45%
National Bank of Canada 2.60% 2.94% 2.54% 2.64% 2.74% 2.89% 3.59% 3.89%
Optimum Mortgage 2.90% 2.69% 2.59% 2.69% 2.99% 3.29% - -
PC Financial 2.70% - 2.79% 3.34% 3.99% 2.82% 3.24% 5.70%
Radius Financial 2.55% 2.89% 2.64% 2.64% 2.74% 2.69% - -
Royal Bank of Canada 2.60% 3.14% 2.39% 2.64% 2.79% 2.99% 3.59% 3.99%
RMG Mortgages 2.45% 3.19% 2.39% 2.49% 2.59% 2.79% - -
Scotiabank 2.60% 2.94% 2.44% 2.64% 2.79% 2.99% 3.64% 4.14%
Street Capital Financial 2.35% 2.29% 2.24% 2.44% 2.59% 2.54% - -
Tangerine 2.70% 3.19% 3.24% 3.49% 3.69% 3.79% 4.44% 4.69%
TD Canada Trust 2.50% 2.94% 2.19% 2.39% 2.59% 2.74% 3.44% 3.84%
TCU Financial Group 2.70% 2.89% 2.94% 2.79% 2.85% 2.94% 4.19% -

Rates last updated July 13, 2016