How It Works
I got a 90-percent home equity loan, which was exactly what I needed. The payments are low enough that I have no problem making the payments. If I ever need another loan, I know where to turn!
David G., Calgary, Alberta
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 Rates can be changed or withdrawn at any time.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.