Mortgages

Fixed Rate Mortgages (Rates effective 2022-07-26) Rates
1 year 5.29%
2 years 5.49%
3 years 5.89%
4 years 6.09%
5 years 6.29%

Term: 1, 2, 3, 4 and 5 years

Interest Rate: Fixed for the full term selected

Financing Available: Conventional and high-ratio

Payment Options: Weekly, biweekly, semi-monthly, monthly

Rapid Paydown: Payments can be increased by up to 100% over the term without charge

Prepayment Option: Up to 15% each year


Open Mortgages (Rates effective 2022-07-26) Rates
1 year 7.50%

Term: 1 year

Interest Rate: Fixed for 1 year

Financing Available: Conventional and high-ratio

Payment Options: Weekly, biweekly, semi-monthly, monthly

Rapid Paydown: Payments can be increased by up to 100% over the term without charge

Prepayment Option: Full or partial prepayments on any date without charge


Variable Interest Rate Mortgages Closed (Rates effective 2022-07-26) Rates
VIRM 5 year Closed 4.70%

Rate is FNBC Prime +0.00%

Term: 5 years (closed)

Interest Rate: VIRM where the rate is set on the first day of each month

Financing Available: Conventional or high-ratio.

Payment Options: Weekly, biweekly, semi-monthly, monthly

Rapid Paydown: Payments can be increased by up to 100% over the term without charge

Prepayment Option: Up to 15% each year

Fixed Rate Option: Convert to a fixed rate option at any time as long as the term is at least the lesser of 3 years or the current remaining term


Variable Interest Rate Mortgages Open (Rates effective 2022-07-26) Rates
VIRM 5 year Open 8.00%

Rate is FNBC Primes +3.30%

Term: Five years (open)

Interest Rate: VIRM where the rate is set on the first day of each month

Financing Available: Conventional or high-ratio.

Payment Options: Weekly, biweekly, semi-monthly, monthly

Rapid Paydown: Payments can be increased to any amount over the term without charge

Prepayment Option: Full or partial prepayments on any date. Full prepayment subject to an administration fee. First year = $500; Second year = $250; After two years = $0

Fixed Rate Option: Convert to a fixed rate option at any time