Survey of Mortgage Purchase Rates
Rates last updated: 2019-10-29
| 6 mnth | 1 YR | 2 YR | 3 YR | 4 YR | 5 YR | 7 YR | 10 YR | ||
| Bank Posted Rates - BNS | 4.75% | 3.64% | 3.74% | 4.39% | 4.59% | 5.19% | 5.69% | 6.19% | |
| Lowest wholesale rates available through Capital Direct | 4.75% | 3.33% | 3.07% | 2.98% | 3.02% | 3.05% | 3.50% | 3.75% | |
| Bank Prime Rate 0.0395 | |||||||||
| All rates quoted above are semi-annual compounding Corresponding annual effective equivalent rates |
|||||||||
| Bank Posted | 0.04806 | 0.03673 | 0.03775 | 0.04438 | 0.04643 | 0.05257 | 0.05771 | 0.06286 | Lowest CDLC | 0.04806 | 0.03358 | 0.03094 | 0.03002 | 0.03043 | 0.03073 | 0.03531 | 0.03785 |
| Bank Prime 0.03989 | |||||||||
- 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 institutions Prime until adjusted monthly to reflect the latest change in institutions 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 Rates can be changed or withdrawn at any time.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.
