Mortgage Rates in Gatineau.

As of February 26th, 2021
Gatineau-city-image
City of Gatineau

Gatineau Mortgage Rates

Find the most up to date mortgage rates tailored to your needs. Just adjust the values below.

Term Length
Type
Home Price
Downpayment
%
Mortgage Amount
Amortization
I am looking to get rates for:
LenderRateMonthly Payment
iConnect Mortgages
iConnect Mortgages
1.29%
$1,756
North East Mortgages
North East Mortgages
1.59%
$1,819
Alterna Savings
Alterna Savings
1.64%
$1,829
Canada Life
Canada Life
1.68%
$1,838
Coast Capital
Coast Capital
1.69%
$1,840
Peoples Bank
Peoples Bank
1.74%
$1,851
Simplii Financial
Simplii Financial
1.76%
$1,855
Equitable
Equitable
1.89%
$1,883
FN
FN
1.94%
$1,894
motusbank
motusbank
1.95%
$1,896
Tangerine
Tangerine
1.99%
$1,905
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Notes

  • These rates are for Prime customers. To qualify, you generally need a good credit score and a steady job.
  • The following rates may not be valid for uninsured mortgages.

While we try our best to get you the best rates, we cannot guarantee that they are always accurate. WOWA assumes no liability for the accuracy of the information presented, and will not be held responsible for any damages resulting from its use.

Gatineau at a Glance

The City of Gatineau is located along the Ottawa River and Gatineau River in the Outaouais Region and is home to over 276K residents. Gatineau‘s real estate market consists of a variety of property types, including single-family detached houses, low-rise condominiums, apartments, semi-detached houses, bungalows, townhouses, and mansions. Single-family detached house prices in Gatineau have increased by 16% from September 2019 to September 2020 and the median price for a single-family detached house in Gatineau is $350K. During this same time period, condominium prices in Gatineau have increased by 15% to a median of $212K. Based on data from Royal LePage, the average house price in Gatineau throughout the summer of 2020 of $276K was approximately half of the average house price in Ottawa‘s of $527K, making Gatineau a more favourable location for prospective home buyers. Gatineau has the 32nd lowest property tax rate in Quebec out of all municipalities with a population greater than 20K.

Gatineau at a Glance
ProvinceQuébec
Settled Year1683
Established Year1927
Incorporated Year 1975
Population 276,245
City Area381.30 km 2 (147.22 sq mi)
Official Websitehttps://www.gatineau.ca/portail/default.aspx?p=accueil

Mortgage Prepayment Limit

Bank or LenderAnnual Prepayment LimitFrequency (per year)
RBC
RBC
10%Once
TD
TD
15%Once
Scotiabank
Scotiabank
Varies, up to 20%Once
CIBC
CIBC
Varies, up to 20%Once
BMO
BMO
20% (10% for BMO Smart Fixed Mortgages)Once
HSBC
HSBC
20%Once
Equitable Bank
Equitable Bank
15% - 20%Once
Peoples Bank
Peoples Bank
20%Once
First National
First National
15%Once
motusbank
motusbank
20%Once
Tangerine
Tangerine
25%Multiple
Simplii
Simplii
Varies, up to 20%Multiple
MCAP
MCAP
Varies, up to 20%Multiple
Laurentian
Laurentian
15%Once
National Bank
National Bank
10%Multiple
Desjardins
Desjardins
15%Multiple
CMLS
CMLS
20%Multiple
DUCA
DUCA
20%Once
Manulife
Manulife
20%Multiple
Coast Capital
Coast Capital
20% (or 30% for “You’re the Boss” Mortgage)Once (or multiple for “You’re the Boss” Mortgage)
Alterna Savings
Alterna Savings
20%Once

Mortgage Prepayment Penalties

Fixed Rate Mortgage Penalty Interest Rate

For fixed-rate mortgages, lenders usually use the greater of three months of interest or an interest rate differential (IRD). Each lender has their own IRD calculation. The interest rate that they use for their IRD is usually based on either their current advertised mortgage rates or their posted rates, which can often be much higher.

Advertised Rate IRDPosted Rate IRD
RBC
RBC
TD
TD
Scotiabank
Scotiabank
CIBC
CIBC
BMO
BMO
HSBC
HSBC
Peoples Bank
Peoples Bank
motusbank
motusbank
Simplii Financial
Simplii
Laurentian
Laurentian
Desjardins
Desjardins
CMLS
CMLS
Coast Capital
Coast Capital
Equitable
Equitable Bank*
Tangerine
Tangerine
Manulife
Manulife
Alterna Savings
Alterna Savings
FN
First National
MCAP
MCAP
DUCA
DUCA
* Equitable Bank’s IRD depends on your mortgage product

Variable Rate Mortgage Penalty Interest Rate

Most lenders determine the mortgage break penalty for a variable rate mortgage by calculating three months of interest. The interest rate that they use can depend from lender to lender, but is usually either your current mortgage interest rate or the lender's prime rate.

Based On Your Mortgage RateBased On the Lender's Prime Rate
RBC
RBC
TD
TD
Scotiabank
Scotiabank
BMO
BMO
HSBC
HSBC
Equitable
Equitable Bank
FN
First National
motusbank
motusbank
Tangerine
Tangerine
MCAP
MCAP
National
National Bank
Desjardins
Desjardins
CMLS
CMLS
DUCA
DUCA
Manulife
Manulife
Coast Capital
Coast Capital
Alterna Savings
Alterna Savings
Laurentian
Laurentian*
CIBC
CIBC
Peoples Bank
Peoples Bank
Simplii Financial
Simplii
Laurentian
Laurentian
* Laurentian’s 3 Months’ Interest is based on the greater of your mortgage rate or the current prime rate.
Calculate your mortgage break or prepayment penalty

While we try our best to get you the best rates, we cannot guarantee that they are always accurate. WOWA assumes no liability for the accuracy of the information presented, and will not be held responsible for any damages resulting from its use.