Fixed Rate Mortgages

If you would like to guarantee a fixed payment for the length of your term, a fixed rate mortgage would be best for you.


  • Enjoy the security of a set, competitive interest rate.
  • Repayment plans to suit your needs with a fixed payment.*
  • Available for both conventional and high ratio mortgages.**
  • Both open and closed options available:



1 Year Term Up to 7 Year Term
Pay off as much as you want above your regular monthly payment and/or as early as you want without prepayment penalties. Can prepay up to 15% of the original loan amount per calendar year and up to double your regular monthly payments before prepayment penalties apply.
Flexibility to switch to a closed mortgage.
Fixed Rate Mortgages Rates
1 Year Open 6.50%
6 Month Closed 3.75%
1 Year Closed 2.69%
2 Year Closed 2.69%
3 Year Closed 2.89%
4 Year Closed 2.99%
5 Year Closed 3.04%
7 Year Closed 3.99%
Cashback Mortgage 5.14%

*Payments can be made weekly, biweekly, semimonthly or monthly
**Conventional mortgages require a minimum down payment or equity position of 20%.

Mortgages with less are considered high-ratio and must be insured through Canada Mortgage and Housing Corporation (CMHC) or Genworth Corporation. Must meet certain approval conditions. Cost of credit and any fees associated with the loan will be disclosed at the time of approval.