2-Year Fixed Mortgage Rates

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Mortgage Term:

Number of Years

Fixed or Variable

Mortgage Reason:
Home Price:
Down Payment:
%
Mortgage Amount:
Click to Open Additional Options
LenderRateMonthly Payment
MCAP
MCAP
1.54%
$1,909
Alterna Savings
Alterna Savings
1.54%
$1,909
nuborrow
nuborrow
1.55%
$1,911
HSBC
HSBC
1.74%
$1,954
Peoples Bank
Peoples Bank
1.74%
$1,954
Tangerine
Tangerine
1.78%
$1,963
First National
First National
1.84%
$1,977
motusbank
motusbank
1.99%
$2,011
Simplii Financial
Simplii Financial
1.99%
$2,011
Canadian Western
Canadian Western
1.99%
$2,011
CMLS
CMLS
1.99%
$2,011
Equitable
Equitable
2.24%
$2,069
TD
TD
2.24%
$2,069
First Ontario
First Ontario
2.24%
$2,069
RBC
RBC
2.29%
$2,081
Scotiabank
Scotiabank
2.34%
$2,093
ATB
ATB
2.49%
$2,129
DUCA
DUCA
2.59%
$2,153
Manulife
Manulife
2.69%
$2,177
CIBC
CIBC
2.89%
$2,225
Canada Life
Canada Life
2.89%
$2,225
National Bank
National Bank
2.94%
$2,238
Desjardins
Desjardins
2.94%
$2,238
National Bank
National Bank
2.94%
$2,238
BMO
BMO
2.94%
$2,238
Laurentian
Laurentian
2.94%
$2,238
ICICI
ICICI
3.19%
$2,300
Investors Group
Investors Group
3.20%
$2,302

Notes

  • Rates above apply to high-ratio insured mortgages only. You can select other mortgage rates by changing your mortgage reason or down payment.
  • Terms and conditions may apply. Promotional rates may apply only to customers with an established credit and employment history. For alternative mortgages, see Private Mortgages in Canada.

Mortgages Rates Between Different Provinces

Mortgage rates in Canada can differ from province to province depending on the availability of lenders, local housing market and mortgage conditions, and provincial regulations. While the Big 5 Banks offer mortgages in every province, many smaller lenders including credit unions, B lenders, and private mortgage lenders often operate in a single province only. A lender offering the best rate in Ontario may not be available in Saskatchewan, for example. Similarly, a smaller number of lenders in a province could mean less competition, leading to higher rates in general.

ProvinceBest 2-Year Fixed Rate
The calculators and content on this page are provided for general information purposes only. WOWA does not guarantee the accuracy of information shown and is not responsible for any consequences of the use of the calculator.