A number of factors affect mortgage rates, including amortization period, market conditions and the key rate set by the Bank of Canada. While there are no guarantees that another hike is on the way, the key rate will be revised again on March 6, 2019.
Planning to buy a home in the next few months? It’s easy! Protect your rate online today. There’s no obligation to take out a loan, but your rate will be protected for 90 days4 —so you can shop for a home with peace of mind.
Still on the fence? A mortgage advisor can help you complete your application so you can enjoy additional savings.
Your interest rate is set when you take out a mortgage and isn't affected by interest rate fluctuations. Fixed rates are only offered on mortgage loans.
Rate (%) as at ${p1.tauxDateJour|date:"-"}
Term | Open | Closed |
---|---|---|
3 months |
--- |
${p1.taux3moisF|percent:"true"} |
6 months |
${p1.taux6moisO|percent:"true"} |
${p1.taux6moisF|percent:"true"} |
1 year |
${p1.taux1anO|percent:"true"} |
${p1.taux1anF|percent:"true"} |
2 years |
--- |
${p1.taux2ansF|percent:"true"} |
3 years |
--- |
${p1.taux3ansF|percent:"true"} |
4 years |
--- |
${p1.taux4ansF|percent:"true"} see promo |
5 years |
--- |
${p1.taux5ansF|percent:"true"} see promo |
6 years |
--- |
${p1.taux6ansF|percent:"true"} |
7 years |
--- |
${p1.taux7ansF|percent:"true"} |
10 years |
--- |
${p1.taux10ansF|percent:"true"} |
1 month1 |
--- |
${p1.taux1moisF|percent:"true"} |
Variable-rate mortgage loans have an interest rate of Prime + ${p2.ecart|percent:"true"}5 and are adjusted monthly. They allow you to take advantage of lower interest rates.
Rate (%) as at ${p2.tauxDateJour|date:"-"}
Reference rate | Difference | Rate in effect | |
---|---|---|---|
Prime = ${p1.tauxBase} | |||
Variable-rate mortgage (60 month term) | Prime rate |
${p2.ecart|percent:"true"} |
${p2.taux5ansO|percent:"true"} |
Capped-rate mortgage (60 month term) | Prime rate6 = ${p3.tauxPlafond|percent:"true"} |
${p3.ecart|percent:"true"} |
${p3.taux5ansO|percent:"true"} |
The All-In-OneTM is a line of credit that lets you leverage your home equity to finance new projects, such as renovations or travel. It features a variable interest rate.
Rate (%) as at ${p2.tauxDateJour|date:"-"}
Prime rate |
Difference | Rate in effect | Interest earned | |
---|---|---|---|---|
Rate for the home equity line of credit |
${p1.tauxBase|percent} |
${p5.ecart|percent} |
${p5.taux|percent:"true"} |
0,25 % 8 |
Fixed rate of 6$ per month, per account |
Quick tip
Your home is one of the biggest purchases you'll make in your life. Our calculators will help you make the right decisions and find the best solution for you!
**APR as at ${p2.tauxDateJour|date:"-"}. APR— or Annual Percentage Rate—refers to the total cost of borrowing for a year. It includes the total interest and fees charged by the Bank based on a $300,000 fixed-rate mortgage for a 4-year closed term and 25-year amortization, and assumes a $5/month administration fee and a $330.00 appraisal fee. The appraisal fee may be adjusted or may not be charged as part of the assessment of your mortgage application.
***APR as at ${p2.tauxDateJour|date:"-"}.APR— or Annual Percentage Rate—refers to the total cost of borrowing for a year. It includes the total interest and fees charged by the Bank based on a $300,000 fixed-rate mortgage for a 5-year closed term and 25-year amortization, and assumes a $5/month administration fee and a $330.00 appraisal fee. The appraisal fee may be adjusted or may not be charged as part of the assessment of your mortgage application.
TM All-In-One is a trademark of National Bank of Canada.
1. This term is not available for new loans. It is provided for reference purposes only.
2. Rates may differ if the amortization period is more than 25 years. Contact an advisor for more information.
3. APR means "Annual Percentage Rate" and represents the total interest and fees charged by the Bank, expressed as an annual percentage. Because the cost of borrowing consists solely of interest, the APR corresponds to the annual interest rate in effect as at ${p2.tauxDateJour|date:"-"}.
4. Rate guaranteed for up to 90 days following receipt of the request.
5. Subject to change without notice
6. The capped rate (maximum rate) is determined according the rate for a 5-year term at time of signing
7. Subject to credit approval by National Bank of Canada. Certain conditions apply.
8. Interest income (interest paid on bank accounts grouped under the line of credit).
0,00% for lines of credit of $1 to $4,999.99
0.25% for lines of credit of $5,000 or more
Whether you want the peace of mind that comes with a fixed rate, the potential interest savings of a variable rate, or a combination of the two, we've got the mortgage loan for you.8
Buy a home with the All-In-One™ line of credit and leverage your home equity to finance new projects, like renovations or travel.8
Get an edge over other buyers and guarantee your interest rate for 90 days4 with a mortgage pre-approval—it's free and there's no obligation to buy.