CURRENT RATES

5 Year Mortgage Rates
Term TypeRatePromo & Info
5 YearFixed (standard)2.49%
5 YearFixed (promo)2.29%-*call for restrictions
-High Ratio Only
-Meet property guidelines
5 YearFixed (promo)2.49% & -Condo Doc Review, Reimbursement $500 *call
5 YearVariable (promo)2.10%
* Subject to change without notice *OAC *Some Underwriting Restrictions Apply
Our Mortgage Rates
TermTypeRate
2 YearFixed2.19%
3 YearFixed2.29%
4 YearFixed2.39%**High Ratio Only
5 YearFixed2.29%**restricted, call for details
6 YearFixed2.99%
7 YearFixed2.99%
10 YearFixed3.54%

  • slide

    Quick 2 Minute Application!

    Click here
  • slide

    RATE SHOPPING MADE EASY

    Get your 5 year options here

    Click here
  • slide

    RATE WATCH

    Stress free updates with rates that aren’t hard on the eyes.

    Click here
  • slide

    SHOWER YOURSELF WITH SAVINGS.

    5 years into the future!

    Click here
  • slide

    THINKING ABOUT A PURCHASE?

    Eliminate Interest Rate Risk with a rate hold today!

    Click here

SECOND HOME MORTGAGE

Purchase a 2nd home with only 5% down payment!!!

It just simply isn’t true that you require 20% of the purchase price as a down payment for a second property. If you or a family member intends to occupy the home on a rent free basis the possibility exists to purchase a second home with a little as a 5% down payment.

Why some people utilize this program:
  • A downtown condo is more convenient that their acreage during the week
  • Husband works 10 days on 4 days off in another city and finds it more beneficial to own than pay rent where his job takes him
  • Mom and Dad want to purchase a residence for their daughter who is attending university in another city
  • A family wanted a summer home in the Okanagan and didn’t want to wait until the kids were gone to save up for their vacation property

By law in Canada mortgages that are greater than 80% loan to value must have mortgage default insurance. As such if you have a down payment of less than 20% of the purchase price your loan will require mortgage default insurance from Canada Mortgage and Housing Corporation, Genworth, or Canada Guarantee.

The second home mortgage products are perfect for anyone needing or wanting a second home but do not possess the funds to make a large down payment.