Canadian Mortgage Rates,
Calculators, News & Information
Calculators, News & Information
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A Canadian Mortgage Company!
Prime Rate: 2.25 % Site Updated: July 3rd, 2009 11:00 p.m.
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   In-house call centre agents needed for Calgary officeIf you are licensed in Alberta (or any other province) as a Mortgage Associate and you have the desire to work in a fast paced environment, we want to talk to you. Mortgage leads are provided, top-level training and underwriting assistance is available. Please visit our employment section for more information. Finding the Best Mortgages in Canada!Providing Canadians with the best mortgages Canada has to offer is what our mortgage brokers do! Here you will find the lowest mortgage rates in Canada, plus many other resources including the largest Canadian mortgage glossary, the most comprehensive mortgage calculator and the ability to display current Canadian mortgage rates on your website or desktop! We hope you enjoy your visit at CanEquity. Mortgage Services
The interest rates posted herein are updated daily. If you notice upon browsing that other mortgage sites differ, it is because their rates are not updated. Report lower rate
Mortgage Brokers are trained, independent professionals licensed to represent and provide you with the best consultation for your mortgage needs. Our advice is always free and we can save you money.
Many of our mortgage services are absolutely free and may save you thousands of dollars on high interest charges and monthly payments. Finding you the right mortgage is what we do. Let us help build your dreams. Current Canadian Mortgage Rates
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| Mortgage Term |
Current * Rates (%) |
Previous Rates (%) |
Change (%) |
Last Date of Change |
Special Products |
Current * Rates (%) |
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| Variable | 2.65 | 2.55 | 0.10 |  |
Jun 22, 2009 | Low Doc | 4.39 | ||
| 6 month | 5.00 | 5.20 | -0.20 |  |
Mar 21, 2009 | No Down | 5.85 | ||
| 1 year | 2.75 | 2.90 | -0.15 | |
Jun 4, 2009 | ||||
| 2 | 2.95 | 3.39 | -0.44 | |
Apr 28, 2009 | 95% ReFi | 4.39 | ||
| 3 | 3.55 | 3.15 | 0.40 | |
Jun 17, 2009 | ||||
| 4 | 4.09 | 3.69 | 0.40 | |
Jun 17, 2009 | ||||
| 5 | 4.39 | 4.49 | -0.10 | |
Jun 11, 2009 | ||||
| 7 | 5.50 | 5.80 | -0.30 | |
Jun 11, 2009 | ||||
| 9 | 6.50 | 6.60 | -0.10 | |
Feb 23, 2009 | ||||
| 10 | 5.25 | 5.20 | 0.05 | |
Jun 4, 2009 | ||||
| 15 | 9.25 | 9.45 | -0.20 | |
Jun 11, 2009 | ||||
| 18 | 9.25 | 9.45 | -0.20 | |
Jun 11, 2009 | ||||
| 25 | 9.35 | 8.05 | 1.30 | |
Jun 11, 2009 | ||||
| Note: Some mortgage rates may not be available in certain areas. Contact us at 1-888-818-4262 for details. | |||||||||
| Mortgage Term |
Our Rates * (%) |
Posted Rates ** (%) |
Difference (%) |
Savings Over Term 1 (Ours vs Posted Rates) |
Savings Per Year 1 (Ours vs Posted Rates) |
| Variable | 2.65 | 3.05 | 0.40 | N/A | N/A |
| 6 month | 5.00 | 5.05 | 0.05 | $73.13 | N/A |
| 1 year | 2.75 | 3.90 | 1.15 | $3,368.96 | $3,368.96 |
| 2 | 2.95 | 4.05 | 1.10 | $6,397.87 | $3,198.93 |
| 3 | 3.55 | 4.55 | 1.00 | $8,676.98 | $2,892.33 |
| 4 | 4.09 | 5.24 | 1.15 | $13,262.03 | $3,315.51 |
| 5 | 4.39 | 5.85 | 1.46 | $20,992.34 | $4,198.47 |
| 7 | 5.50 | 6.80 | 1.30 | $26,139.06 | $3,734.15 |
| 10 | 5.25 | 6.95 | 1.70 | $48,036.74 | $4,803.67 |
| 15 | 9.25 | N/A | N/A | N/A | N/A |
| 18 | 9.25 | N/A | N/A | N/A | N/A |
| 25 | 9.35 | 8.05 | -1.30 | N/A | N/A |
| 1 Calculation based on a $398,600.00 home (Median sale price for 2,200 sq. ft. residence 'Executive Detached Two-Storey' in a low-crime neighbourhood in Toronto) with a 25% down payment over a 25 year amortization using a monthly payment schedule. Actual Mortgage: $298,950.00. Source: Economic Research Institute, The Geographic Reference Report 2004 (6/2004). ** Posted RBC mortgage rates. | |||||
We offer the lowest mortgages to all of Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland, North West Territories, Nova Scotia, Nunavut, Ontario, Prince Edward Island, Quebec, Saskatchewan, and Yukon. Find the best mortgages in Canada with CanEquity.
The economy may be going through a rough patch but never fear...more rate cuts by the Bank of Canada are here! This is welcomed news as many are forecasting this to be the catalyst for a recovery in the latter part of 2009. What does this mean to the average Canadian? It means that if you have a variable rate mortgage you are going to be very happy by April. If you are contemplating the decision to take a fixed rate, you may be reconsidering your choice. Contacting a CanEquity Representative and discussing the options will give you a clear understanding of what product is right for you. Many past clients value our services and below are just a few very satisfied CanEquity customers:
"I have bought and sold properties and have never had the superior service I received from your staff." Guyanne S. - Ottawa, ON
"We appreciate the extra efforts you put in to help us!" Lisa M. - Ft McMurray, AB
"It's apparent you care about your clients." Lynn J. - London, ON
"You have done an excellent job in working through the maze of things to make it simple and stress free." Kumar S. - Mississauga, ON
"Thanks very much for organizing our mortgage quickly and efficiently, your assistance was greatly appreciated!" Gabor S. - Calgary, AB
* Mortgage interest rates are subject to change without notice at any time. O.A.C.
§ Our mortgages are only available to Canadian residents or foreigners purchasing property located in Canada.
Although every attempt is made to ensure the accuracy of our website, the above mortgage information should only be used as a guideline. CanEquity Mortgage always recommends that you consult a mortgage broker before making a decision. If you have questions or comments about our website, security practices or policies, please call our technical support line at 1-866-530-5541. For any mortgage related questions or to speak to one of our mortgage specialists, please call 1-888-818-4262.
