Mortgage Rates
Featured and Prime Rates
Featured Mortgage Rates
|
Mortgage Terms
|
Rates |
APR |
|---|---|---|
| 5-Year Variable High-Ratio | 4.44% 1 | 4.46% 2 |
| 5-Year Fixed High-Ratio | 4.09% 3 | 4.11% 2 |
| 5-Year Variable | 4.54% 4 | 4.56% 2 |
| 5-Year Fixed | 4.19% 5 | 4.21% 2 |
Featured Fixed rate: effective 26-Nov-24
Featured Variable rate: effective 12-Dec-24
Prime Rate
|
Rate Type
|
Rate |
Date of change |
|---|---|---|
| CCS Prime | 5.45% | 12-Dec-24 |
Fixed Rate Mortgages
|
Mortgage Terms
Rate effective 26-Nov-24
|
Up to 25 Year Amortization |
APR |
More than 25 Year Amortization | APR |
|---|---|---|---|---|
| 1-Year Fixed Rate - Open | 7.44% 5 | 7.54% 2 | 7.54% 5 | 7.64% 2 |
| 1-Year Fixed Rate | 5.94% 5 | 6.04% 2 | 6.04% 5 | 6.14% 2 |
| 2-Year Fixed Rate | 5.54% 5 | 5.59% 2 | 5.64% 5 | 5.69% 2 |
| 3-Year Fixed Rate | 4.19% 5 | 4.22% 2 | 4.29% 5 | 4.32% 2 |
| 4-Year Fixed Rate | 4.19% 5 | 4.22% 2 | 4.29% 5 | 4.32% 2 |
| 5-Year Fixed Rate | 4.19% 5 | 4.21% 2 | 4.29% 5 | 4.31% 2 |
| 5-Year Fixed High Ratio | 4.09% 3 | 4.11% 2 | NA | NA |
| 6-Year Fixed Rate | 5.49% 5 | 5.51% 2 | 5.59% 5 | 5.61% 2 |
| 7-Year Fixed Rate | 5.49% 5 | 5.51% 2 | 5.59% 5 | 5.61% 2 |
| 8-Year Fixed Rate | 5.49% 5 | 5.51% 2 | 5.59% 5 | 5.61% 2 |
| 9-Year Fixed Rate | 5.79% 5 | 5.81% 2 | 5.89% 5 | 5.91% 2 |
| 10-Year Fixed Rate | 5.79% 5 | 5.80% 2 | 5.89% 5 | 5.90% 2 |
Variable Rate Mortgages
|
Mortgage Terms
Rate effective 12-Dec-24
|
Up to 25 Year Amortization |
APR |
More than 25 Year Amortization | APR |
|---|---|---|---|---|
| 1-Year Variable Rate - Open | 6.15% 4 | 6.25% 2 | N/A | N/A |
| 5-Year Variable Rate | 4.54% 4 | 4.56% 2 | 4.64% 4 | 4.66% 2 |
| 5-Year Variable High-Ratio | 4.44% 1 | 4.46% 2 | N/A | N/A |
Ready to switch your mortgage to Coast Capital? Here’s how to get started.
Contact us to start your mortgage—our advisors will guide you through the process.
We’ll help you complete an application, customize your rate and terms, and we'll hold your rate for 120 days. You’ll need these documents for your application.
Our team will take care of all the final details and complete your mortgage.
* As of November 26, 2024, Coast's advertised rate on a 5-year fixed high-ratio mortgage is lower when compared to the average of the 5-year fixed high-ratio mortgage rates advertised by the big five banks, based on independent external third-party market research.
1. For new high-ratio-insured, closed, residential (owner-occupied) first mortgage loans only. Additional mortgage insurance criteria may apply. This is a variable rate product which will fluctuate with Coast Capital's prime rate. Interest rate and approval based on risk profile. Rates subject to change at any time without notice. Additional fees may apply.
2. APR calculation is based on a $300,000 mortgage at a 25 year amortization, assuming an appraisal fee of $300 (which includes fees associated with determining the value of the property). If there are no additional cost of borrowing changes, the APR and the interest rate will be the same. If additional fees apply, the APR could increase. The APR assumes that the interest rate does not vary over time.
3. For new high-ratio-insured, closed, residential (owner-occupied) first mortgage loans only. Additional mortgage insurance criteria may apply. Interest rate and approval based on risk profile. Rates subject to change at any time without notice. Additional fees may apply.
4. Interest rate and approval based on risk profile. This is a variable rate product which will fluctuate with Coast Capital's prime rate. Rates subject to change at any time without notice. Additional fees may apply.
5. Interest rate and approval based on risk profile. Rates subject to change at any time without notice. Additional fees may apply.
Let’s find the right mortgage, together. Book an appointment to talk with our Mobile Mortgage Specialists or call us at 1.888.517.7749 to get started.