Looking for the best mortgage rate? If so, this page is for you! We get you the best mortgage rates across Canadian banks, large lenders and mortgage brokerages. Your search includes fixed or variable mortgage rates and is tailored to the term, amount, amortization and other variables that you need. Not all mortgages are the same. The two main mortgage types are:
* Results may vary based on many factors. Please verify rates and program terms directly with an agent or broker from the financial institution.
The calculators are provided for information only. We assume no responsibility for the accuracy, timeliness, or completeness of such estimates, reports, or information.
Rebates and Special Programs are Available: First-time homebuyers in Canada may qualify for special savings and programs, including the First Time Homebuyer tax credit and the opportunity to use RRSP to buy a home. As your mortgage agent, I will strive to keep you informed about all the latest refunds, rebates and other resources to save money on your home purchase.
Different Types of Mortgages: First-time buyers may choose from conventional mortgages, in which the lender provides as much as 80% of the home’s appraised value, or insured mortgages, in which the lender finances as much as 95% of the home’s appraised value. In the case of an insured mortgage (also known as a high-ratio mortgage), the homebuyer must secure additional insurance from one of the qualifying institutions, including CMHC, Genworth or Canada Guaranty.
