Mortgages

Promotional Variable Mortgage Rates (Rates effective 2019-04-24) Rates
3-Year Variable Closed 3.15%
5-Year Variable Closed 3.19%
Promotional Fixed Mortgages Rates (Rates effective 2019-04-24) Rates
3 Year Fixed Closed 3.19%
5 Year Fixed Closed 3.29%
10 Year Fixed Closed 4.49%
Home Equity Line of Credit (Rates effective 2019-04-24) Rates
HELOC Promo - Special Introductory Rate 3.55%
Special promotional rate may be changed or withdrawn at any time without notice. Prime refers to the Alterna Prime Rate. Alterna Prime Rate is 3.95% as of October 26, 2018. Your interest rate will change whenever the Alterna Prime rate changes. New Limits Only; Minimum limit of $10,000. Subject to credit approval. Apply by May 31, 2019 and draw a minimum of $10,000 by June 30, 2019. On September 13, 2019, interest rate will revert to the negotiated rate. Assuming no additional fees are charged, the Annual Percentage Rate (APR) is the same as the Interest rate. Other conditions may apply. Due to local and proxy caching on the Internet, please ensure that you are viewing rates as at the current day's date.

Fixed Rate Mortgages (Rates effective 2019-04-24) Rates
6 Month Closed 4.40%
1 year closed mortgage 3.69%
2 year closed mortgage 3.89%
3 year closed mortgage 4.59%
4 year closed mortgage 4.99%
5 year closed mortgage 5.34%
Variable Rate Mortgage (Rates effective 2019-04-24) Rates
Variable rate first-closed mortgage 3.95%
Variable rate first-open mortgage 6.70%

Interest rates are subject to change without notice and are not guaranteed unless confirmed in-branch, or by phone, fax or email.  Interest rates are stated per annum. The Annual Percentage Rate is for a mortgage of $100,000 with monthly payments and a 25-year amortization. Any additional fee would increase the APR.  The interest rate on fixed rate mortgages are compounded semi-annually, not in advance.  The interest rate on variable rate mortgages and Meritline home equity lines of credit is compounded monthly.


 

 

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