Compare Mortgages

If you’re looking for BMO mortgage rates, one of their variable rate offers may have caught your attention. The rate is decent, there's a valuable cash back promotion available, and you can get pre-approved for your BMO mortgage online in just a few minutes.

If you're looking for ultimate flexibility with your mortgage, a TD open fixed rate mortgage allows you to make extra payments towards your principal at any time – without extra charge. To add to the flexibility, you can switch to a closed mortgage at any point during your term, again with no charge.

BMO fixed mortgage rates give you predictability over the course of your mortgage term, since your rates are locked in (or “fixed”) for the length of the term. With 8 closed fixed terms to choose from, plus the option of a 6-month convertible mortgage, you have plenty of flexibility when it comes to choosing your term length.

A TD closed variable rate mortgage is an interesting option if you’re looking to stick with the big banks for your mortgage. Though their prime rate is currently higher than most other big banks (at 6.6% instead of 4.45%), TD variable rates are quite competitive.

If you want to take advantage of current super-low mortgage rates, but don't necessarily want to sign up for the long term, an open fixed rate mortgage might be right for you. The Scotiabank open fixed mortgage offers both 6 month and 1 year terms, but you have the option to pay it off in full early, if you like, or to convert it to a longer term mortgage at any time.

If you’re looking to buy a house and would like to have some predictability in what your mortgage payments will be every month, then a fixed rate mortgage is probably for you. Scotiabank offers 7 closed fixed rate mortgages and a 6-month convertible mortgage. In short, you have some options with Scotiabank, although these aren’t that unusual and are available through other lenders as well.

An open variable mortgage gives you complete control over how and when you pay off your mortgage, allowing prepayments or even full repayment at any time with no penalty fees. You'll pay for this flexibility, of course, in that you'll pay a higher mortgage rate, but for many, the flexibility is worth it.

If you’re the gambling sort who doesn’t mind a little risk for the possibility of saving some money, a variable rate mortgage might be right up your alley. Scotiabank offers 2 closed variable rate mortgages, including 5 year and 3 year terms.

Like the rest of Canada’s big banks, TD offers mortgages as one of its various financial products. With competitive rates and a variety of terms and mortgage solutions, TD should definitely be on your list when comparison shopping.

With mortgage rates hitting record highs, you may be wondering if a variable rate mortgage is right for you. If rates stay high, you could end up paying more...but if rates go down, you save money on payments. If you're willing to roll those dice, a variable rate mortgage might be right for you.

CIBC variable rate mortgages are a solid option for people who don't mind balancing a bit of risk with some potential savings. Variable rate mortgages fluctuate with the prime interest rate, so while you can save money if interest rates stay low, you are risking a higher payment if the prime rate goes up.

Open fixed rate mortgages are a niche product, designed for people who need a very short-term mortgage with predictable payments and the option to pay it off in full at any time. Perhaps your current mortgage needs to be renewed, but you're planning to sell your house in the next few months. Or maybe you have a sizable chunk of money coming in soon. Whatever the reason, if you need an open fixed rate mortgage, you're going to find that most lenders have pretty similar options available.

If you’re in the market for a new mortgage because you’re looking to buy your first home or just looking to refinance your existing mortgage, a CIBC fixed rate mortgage might be a good choice for you. Not only are they one of Canada’s tried-and-true big banks, they also have a variety of mortgage terms available, some very competitive special rates, and a few extra features to boot.

The Coast Capital Closed Fixed Rate Mortgage is a product from one of the best credit unions in the country. The Coast Capital Closed Fixed Rate Mortgage has decent rates and notable features, all of which make buying a house less of a hassle.

If you're looking for a 5 year mortgage, but you also want the option of paying it off whenever you want, you might be interested in a Scotiabank open variable mortgage. Open variable mortgages generally have 5 year terms with flexible repayment options – offering you complete control over how and when you pay them off, but still at competitive mortgage rates...for a time.

With the rise in interest rates, variable rate mortgages have been declining in popularity in Canada. Consumers are looking for increased stability during this period of high inflation and cost of living.

Open variable mortgages generally have limited terms – usually a single option of either 3 or 5 years – and a middling mortgage rate that isn't terrible, but also isn't great. These sorts of mortgages are pretty niche and only of interest to people who have a specific and somewhat complicated mortgage situation on their hands, in that they need a mortgage, but they also want to be able to pay it off in full any time they want, without paying any extra penalties.

With interest rates changing as often as they have been lately, variable rate mortgages aren't getting a whole lot of attention. Most people are looking to lock in their rates with longer term fixed rate mortgages, so options like open variable mortgages – with their shorter terms and unpredictable rates – are being chosen only by people with very specific mortgage requirements.

One of the lesser-known types of mortgage is the open fixed rate mortgage, which is simply a fixed rate mortgage that you can pay off in full at any time without additional penalties. These mortgages are primarily for people who are selling another property, or who are expecting a sudden lump sum of money, such as through an inheritance.

You may be thinking about shopping around for a mortgage. Tangerine offers a small array of mortgages for Canadians, including the Tangerine variable rate mortgage.

Tangerine mortgage rates have historically been very competitive, especially before and during the pandemic. While they tend to hover close to big bank rates nowadays, you can still find a good deal with this Scotiabank-owned online bank. On top of the rates, you also get a dedicated mortgage account manager, plus can port your mortgage with no penalty if you need it.

Alterna fixed mortgage rates are very competitive when compared to those offered by Canada’s big banks, which can be enticing. On the other hand, Alterna is relatively new on the Canadian banking scene, being in operation as a bank only since 2000 (albeit under a variety of names).

If you’re in the market for a mortgage, either to buy a new home or to refinance your existing mortgage, you might be considering a variable rate mortgage. I mean, why not risk higher payments later for lower payments now?

Since we do just about everything online these days, the brains behind nesto figured we should be able to get mortgages online too, so they created a convenient platform for doing just that. Whether you're looking for a new mortgage, or even to refinance, nesto can help.

One of Canada's favourite non-traditional fintech startups is now offering mortgages. Since Neo Financial was founded in 2019, it's been taking the financial world by storm, making it no great surprise that they've added mortgages to their service menu.

A Meridian mortgage is a valuable option to consider for anyone refinancing their mortgage or buying a home – the Meridian Closed Fixed Mortgage in particular. You'll get the security and peace of mind that often comes with a fixed mortgage's locked-in rate, which can be held for 120 days after preapproval, and plenty of other conveniences.