How It Works
To continue living in my home, it needed serious renovations. A mortgage consultant at Capital Direct made me realize that a home equity loan was the way to go. I received good service, helpful and friendly.
Lydia L., Collingwood, Ontario
Survey of Mortgage Purchase Rates

Rates last updated: April 11th, 2017

    6 mnth 1 YR 2 YR 3 YR 4 YR 5 YR 7 YR 10 YR
Bank Posted Rates - BNS   4.55%  3.29%  3.09%  3.39%  3.89%  4.49%  5.29%  5.79% 
Lowest wholesale rates available through Capital Direct   4.55%  2.89%  2.24%  2.54%  2.64%  2.74%  3.19%  3.74% 
Bank Prime Rate 2.70%                 
Discount         0.40%         
Variable @ prime rate (-) 0.40%         2.30%         
All rates quoted above are semi-annual compounding. 
Corresponding annual effective equivalent rates 
Bank Posted   0.04601  0.03317  0.03113  0.03418  0.03927  0.04540 0.05359 0.05873
Lowest CDLC   0.04601  0.02910  0.02252  0.02556  0.02657  0.02758 0.03215 0.03774
Bank Prime 0.02718           
Variable rate         0.02313   

  • Amortizations may range from 5-25 years.
  • Amortizations up to 25 years are available.
  • High Ratio Mortgage insurance from CMHC or Genworth may be required by the funding instituition.
  • Mortgagors may be required to pay legal, title and valuation services and insurance as determined by the financial institution.
  • Any additional amounts for said required services will affect the effective equivalent rates upward.
  • Stated rates are subject to conventional approval requirements, property types and lending areas.
  • Rates fluctuate and may differ temporarily from institution's Prime until adjusted monthly to reflect the latest change in institution's Prime.
  • Rates are subject to change without notice at any time.
  • Rates are fixed unless otherwise stated as variable. Mortgages are locked in for the term stated.
  • Mortgages may be subject to early repayment penalties or interest rate differentials.
  • Applicable to new deals only. Rates can be changed or withdrawn at any time.
  • Rate commitment period is available for up to 90 or 120 days from the date of application.

    Any questions please contact your local representative at 1-800-625-7747 or look under contact us.