Mortgages
| Fixed Rate Mortgages (Taux en vigueur au 2024-02-28) | Taux |
|---|---|
| 1 year | 7,69 % |
| 2 years | 7,29 % |
| 3 years | 6,99 % |
| 3 year special rate | 5,79 % |
| 4 years | 6,79 % |
| 5 years | 6,89 % |
| 5 year special rate | 5,59 % |
| 5 year CMHC insured | 5,09 % |
Term: 1, 2, 3, 4 and 5 years
Interest Rate: Fixed for the full term selected
Financing Available: Conventional and high-ratio
Payment Options: Weekly, biweekly, semi-monthly, monthly
Rapid Paydown: Payments can be increased by up to 100% over the term without charge
Prepayment Option: Up to 15% each year
| Open Mortgages (Taux en vigueur au 2024-02-28) | Taux |
|---|---|
| 1 year | 7,50 % |
Term: 1 year
Interest Rate: Fixed for 1 year
Financing Available: Conventional and high-ratio
Payment Options: Weekly, biweekly, semi-monthly, monthly
Rapid Paydown: Payments can be increased by up to 100% over the term without charge
Prepayment Option: Full or partial prepayments on any date without charge
| Variable Interest Rate Mortgages Closed (Taux en vigueur au 2024-02-28) | Taux |
|---|---|
| VIRM 5 year Closed | 7,20 % |
Rate is FNBC Prime +0.00%
Term: 5 years (closed)
Interest Rate: VIRM where the rate is set on the first day of each month
Financing Available: Conventional or high-ratio.
Payment Options: Weekly, biweekly, semi-monthly, monthly
Rapid Paydown: Payments can be increased by up to 100% over the term without charge
Prepayment Option: Up to 15% each year
Fixed Rate Option: Convert to a fixed rate option at any time as long as the term is at least the lesser of 3 years or the current remaining term
| Variable Interest Rate Mortgages Open (Taux en vigueur au 2024-02-28) | Taux |
|---|---|
| VIRM 5 year Open | 10,50 % |
Rate is FNBC Primes +3.30%
Term: Five years (open)
Interest Rate: VIRM where the rate is set on the first day of each month
Financing Available: Conventional or high-ratio.
Payment Options: Weekly, biweekly, semi-monthly, monthly
Rapid Paydown: Payments can be increased to any amount over the term without charge
Prepayment Option: Full or partial prepayments on any date. Full prepayment subject to an administration fee. First year = $500; Second year = $250; After two years = $0
Fixed Rate Option: Convert to a fixed rate option at any time
