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…The big Canadian banks increased their fixed-rate mortgages to 5.14 per cent from 4.99 per cent last week, even before the Bank of Canada announced the quarter per cent increase that triggered the rise in variable loan costs…Source: thestar.com
| Term | Posted Rates | Our Rates * | |
|---|---|---|---|
| Open | 1 year | 6.30% | 6.30% |
| Fixed | 1 year | 3.04% | 2.99% |
| Fixed | 2 year | 3.24% | 2.19% |
| Fixed | 3 year | 3.44% | 3.04% |
| Fixed | 4 year | 3.89% | 2.39% |
| Fixed | 5 year | 5.14% | - 3.19% - |
| Fixed | 7 year | 5.30% | 3.39% |
| Fixed | 10 year | 6.10% | 3.84% |
| Variable | 2.40% | ||
| Prime | 3.45% - | 3.45% | |
| Benchmark | 5.14% - | 5.14% |
Rates may vary provincially and are subject to change without notice OAC.
