 
Finding the Best Mortgages in Canada!
Providing Canadians with the best mortgages and mortgage rates that Canada has to offer is what our mortgage brokers do! We make it easy to find the lowest mortgage rates in Canada, and offer 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 mortgage 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.
 CanEquity Mortgage is a national Canadian mortgage brokering company offering home loans to clients in all provinces and territories. We have access to over 75 major lending institutions across Canada. This gives us the ability to shop the mortgage market and offer you the best possible rates, service and mortgage options. We also specialize in mortgage renewals, debt consolidation and no money down home loans.
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
(with last date of rate change)
Mortgage
Term |
Current *
Rates (%) |
Previous
Rates (%) |
Change (%) |
Last Date
of Change |
|
|
Special
Products |
Current *
Rates (%) |
| Variable |
2.90 Special |
2.80 |
0.10 |
 |
Jan 9, 2012 |
|
Low Doc |
3.79 |
| 6 month |
3.95 |
4.45 |
-0.50 |
 |
Nov 18, 2010 |
|
No Down |
5.29 |
| 1 year |
2.89 |
2.64 |
0.25 |
|
Oct 11, 2011 |
|
|
|
| 2 |
3.09 |
2.69 |
0.40 |
|
Jan 12, 2012 |
|
|
|
| 3 |
2.89 |
2.95 |
-0.06 |
|
Jan 11, 2012 |
|
|
|
| 4 |
2.99 |
3.25 |
-0.26 |
|
Jan 13, 2012 |
|
|
|
| 5 |
3.29 |
3.35 |
-0.06 |
|
Dec 21, 2011 |
|
|
|
| 7 |
3.99 |
3.89 |
0.10 |
|
Dec 20, 2011 |
|
|
|
| 9 |
6.30 |
6.50 |
-0.20 |
|
May 10, 2010 |
|
|
|
| 10 |
3.89 |
3.99 |
-0.10 |
|
Jan 25, 2012 |
|
|
|
| 15 |
9.25 |
9.45 |
-0.20 |
|
Jun 11, 2009 |
|
|
|
| 18 |
9.25 |
9.45 |
-0.20 |
|
Jun 11, 2009 |
|
|
|
| 25 |
7.85 |
9.35 |
-1.50 |
|
Sep 14, 2009 |
|
|
| Note: Some mortgage rates may not be available in certain areas. Contact us at 1-888-818-4262 for details. |
CanEquity Mortgage Rates vs Conventional Rates
Mortgage
Term |
Our Rates *
(%) |
Posted Rates **
(%) |
Difference
(%) |
Savings Over Term 1
(Ours vs Posted Rates) |
Savings Per Year 1
(Ours vs Posted Rates) |
| Variable |
2.90 |
3.00 |
0.10 |
N/A |
N/A |
| 6 month |
3.95 |
4.45 |
0.50 |
$757.66 |
N/A |
| 1 year |
2.89 |
3.50 |
0.61 |
$1,847.13 |
$1,847.13 |
| 2 |
3.09 |
3.85 |
0.76 |
$4,568.10 |
$2,284.05 |
| 3 |
2.89 |
4.05 |
1.16 |
$10,377.86 |
$3,459.29 |
| 4 |
2.99 |
4.79 |
1.80 |
$21,353.17 |
$5,338.29 |
| 5 |
3.29 |
5.29 |
2.00 |
$29,530.78 |
$5,906.16 |
| 7 |
3.99 |
6.35 |
2.36 |
$48,557.64 |
$6,936.81 |
| 10 |
3.89 |
6.75 |
2.86 |
$82,420.85 |
$8,242.08 |
| 15 |
9.25 |
N/A |
N/A |
N/A |
N/A |
| 18 |
9.25 |
N/A |
N/A |
N/A |
N/A |
| 25 |
7.85 |
8.75 |
0.90 |
$53,710.95 |
$2,148.44 |
| 1 Calculation based on a $411,931 home (average home price in the Greater Toronto Area for December 2009) with a 25% down payment over a 25 year amortization using a monthly payment schedule. Actual Mortgage: $308,948.25. Source: Toronto Real Estate Board ** 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.
Canadian Mortgage National Press Releases
- Harper government continues focus on jobs and growth
CALGARY, Alberta, January 26, 2012 — The Honourable Denis Lebel, Minister of Transport, Infrastructure and Communities, and Minister of the Economic Development Agency of Canada for the Regions of Quebec, today is meeting with business leaders in Calgary, following successful similar meetings in Montreal and Vancouver earlier in the week. Through these meetings, Minister Lebel and his …
- Canadian borrowing surge driven by most indebted households: CIBC
TORONTO, Ontario, January 26, 2012 — The surge in Canadian borrowing over the last five years has been driven by the country's most indebted households, finds a new research report from CIBC World Markets Inc. The report notes that while much concern has been raised about the record level of Canadian household debt, now at a debt-to-income ratio of 151 per cent, little analysis had been …
- TREB's Months of Inventory Indicator/Affordability Point to Continued Price ...
TORONTO, Ontario, January 20, 2012 — Starting with its November 2011 Market Watch publication, the Toronto Real Estate Board (TREB) has been publishing a new Months of Inventory (MOI) indicator. MOI shows how long, on average*, it would take to sell all actively listed homes assuming the level of sales remained the same and no additional homes were listed. When the MOI trends downward, …
- Toronto's Growing Economic Diversity Once Again Leads Canada in Latest CIBC ...
TORONTO, Ontario, January 19, 2012 — The growing economic diversity of Toronto has once again seen the city take the top spot among the country's major cities in CIBC World Markets' latest Canadian Metropolitan Economic Activity Index rankings. "For the second time in a row, the city of Toronto emerged as the one to beat, with the city showing the fastest economic momentum as of the …
* Mortgage interest rates are subject to change without notice at any time. Some rates may be subject to minimum credit score, loan amount and may only be available certain lending areas. A quick closing loan condition may be required. Does not apply to preapprovals. Contact CanEquity for details. Although every attempt is made to ensure the accuracy of our website, the above mortgage information should only be used as a guideline and CanEquity makes no guarantees on any rates shown. CanEquity Mortgage always recommends that you consult a mortgage broker before making a decision. For any mortgage related questions or to speak to one of our mortgage specialists, please call 1-888-818-4262. CanEquity does not guarantee to have the lowest rate in Canada. We do make every attempt though to find the best mortgage deal possible for all of our clients.
§ Our mortgages are only available to Canadian residents or foreigners purchasing property located in Canada.
|
“Best mortgage site I have seen for the Canadian market. Great search engine and calculator. The site is up to date and very user friendly! Keep up the good work!”
- from Amazon.com
“This Canadian mortgage website has the best mortgage payment calculator I’ve come across.”
Chaya Cooperberg - Globe and Mail
“Thanks for all your help - I've only ever dealt with CanEquity for mortgages, but I really can't imagine doing it any other way.”
Mike O. - Calgary, Alberta
“Thanks very much for organizing our mortgage quickly and efficiently, your assistance was greatly appreciated!”
Gabor S. - Calgary, Alberta
“I have bought and sold properties and have never had the superior service I received from Tracey De Almeida.”
Guyanne S. - Ottawa, Ontario
“It’s apparent you care about your clients.”
Lynn J. - London, Ontario
“I thought I found the lowest rate for my mortgage, then your website popped up! Can I still get mortgage through you guys?”
Kelly S. - Toronto, Ontario
“I wanted to thank you for your help and very prompt response and professionalism. You're fantastic.”
Les L. – Toronto, Ontario
“Just wanted to contact you and thank you for all your help in getting us our mortgage.”
Judy K and James R. - Brampton, Ontario
“Thank you so much for obtaining our mortgage for us, your hard work made our dreams come true. Thanks for everything.”
Alexandria Y. - Pictou, Nova Scotia
“Thanks for getting us our mortgage, your service was top notch.”
Richard S. - Mississauga, Ontario
“The site hosts one of the best Canadian mortgage rate calculators I have seen! I like this site because it's fast, up-to-date and informative! Good job CanEquity!”
- from Amazon.com
“We appreciate your advice regarding our first mortgage. Being new to Canada we had some concerns, not anymore.”
Paul H. - Kitchener, Ontario
“Once again, must extend my sincerest gratitude and appreciation for all your efforts.”
Andre K. - East York, Ontario
“Greatest mortgage website in Canada.”
Torben S. - Okotoks, Alberta
“We appreciate the extra efforts you made to help us with our mortgage!”
Lisa M. - Ft McMurray, Alberta
“I really found your rate calculator useful, best one so far.”
Nelson W. - Coquitlam, BC
“We just wanted to thank you so so so much for all of your hard work in assisting us in securing our first mortgage.”
Sarah & Mike
“Your calculator is by far the nicest, thanks for making it available.”
Belle R.
“Thanks for all your work on refinancing our mortgage! Everything worked out great!”
Sonia & Kevin M. - London, Ontario
“We will be mentioning your service (company) and you specifically to family members etc., when their mortgages are up for renewal.”
Joan B - Winnipeg, Manitoba
“You have done an excellent job in working through the maze of things to make our mortgage simple and stress free.”
Kumar S. - Mississauga, Ontario
“Your company has great mortgage rates, do you lend outside of Canada?”
Devon A. - Port Huron
“I liked ease and efficiency of doing my renewal with CanEquity Mortgage, I was surprised how much less paper work there was.”
Twyla M - Regina, Saskatchewan
“Thank you to Tamar Leis of CanEquity Calgary, who made this experience much more pleasant than anticipated. The level of client service she provided overwhelmingly surpassed my expectations.”
Cindy W. - Toronto, Ontario
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Online Rate Comparison
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