Mortgages

Fixed Rate Mortgages (Rates effective 2021-03-03) Rates
1 year 2.89%
2 years 2.99%
3 years 3.59%
4 years 4.09%
5 years 4.79%

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 2021-03-03) Rates
1 year 6.50%

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


Cash Back Mortgages (Rates effective 2021-03-03) Rates
5 years 5.84%

Term: 5 years

Interest Rate: Fixed for the full term

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.

Cash Back: Cash in an amount equal to 5% of the mortgage principal amount up front


Variable Interest Rate Mortgages Closed (Rates effective 2021-03-03) Rates
VIRM 5 year Closed 2.45%

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 2021-03-03) Rates
VIRM 5 year Open 3.45%

Rate is FNBC Primes +1.00%

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