3-Year Variable 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
nuborrow
nuborrow
1.55%
$1,911
CIBC
CIBC
2.45%
$2,119
Laurentian
Laurentian
2.45%
$2,119
CMLS
CMLS
2.95%
$2,240
Scotiabank
Scotiabank
3.20%
$2,302
DUCA
DUCA
3.45%
$2,365
Alterna Savings
Alterna Savings
3.55%
$2,391
HSBC
HSBC
3.95%
$2,494
BMO
BMO
4.15%
$2,547

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 3-Year Variable Rate
Alberta
Alberta
British Columbia
British Columbia
Ontario
Ontario
Quebec
Quebec
Manitoba
Manitoba
Saskatchewan
Saskatchewan
Nova Scotia
Nova Scotia
Prince Edward Island
Prince Edward Island
Newfoundland & Labrador
Newfoundland & Labrador
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.