Rates
4.95%
Current Prime Rate
4.30%
Current Variable Rate
Fixed Residential Rate
| Bank Rates | Mortgage Term | OUR RATES |
|---|---|---|
| 6.15% | Fixed 1 Year | 5.09% |
| 5.44% | Fixed 2 Years | 4.54% |
| 4.62% | Fixed 3 Years | 4.24% |
| 6.01% | Fixed 4 Years | 4.34% |
| 4.56% | Fixed 5 Years | 4.24% |
| 6.41% | Fixed 7 Years | 5.19% |
| 6.81% | Fixed 10 Years | 5.29% |
Disclaimer
Rates subject to change without notice, Subject to credit approval and income verification
BOC qualifying rate will vary based on the lender contract rate other rates and terms maybe available, Amortization over 30 years may be available from certain lender.
Mortgage Default Insurance (CMHC)
Mortgage default insurance is required if your down payment is less than 20%. This insurance protects the lender if you default on your mortgage. In Canada, there are three main institutions that provide this coverage:
CMHC (Canada Mortgage & Housing Corporation)
The most well-known, government-backed insurer.
Sagen (formerly Genworth Financial)
A private insurer that offers similar protection with different terms and costs.
Canada
Guaranty
Another private insurer offering competitive rates and flexible terms.
Your best mortgage rate can save you thousands. What are you waiting for?
Apply now to get your best rate — or give us a call.
It’s free and no obligation to see what we can do for you. Whether you’re looking for a home or vacation or investment property, we will work to find you best mortgage rate based on your needs. Plus, we can explain the ins and outs of how lenders see your application and what you can do to get an even better rate and what documentation that will be required. No one does it better that CENTUM Financial Services LP-SkyReach Capital Group and, if you have more complex mortgage needs that a traditional bank can’t help you with — we have the flexibility to help find a short-term mortgage solution to see you through.
