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Prime Rate

Rate Type
Rate
Date of change
CCS Prime 5.20% 30-Jan-25


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Fixed Rate Mortgages

Mortgage Terms
Rate effective 10-Feb-25
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 4.24% 5 4.27% 2 4.34% 5 4.37% 2
4-Year Fixed Rate 4.24% 5 4.27% 2 4.34% 5 4.37% 2
5-Year Fixed Rate 4.29% 5 4.31% 2 4.39% 5 4.41% 2
5-Year Fixed High Ratio 4.19% 3 4.21% 2 4.19% 5 4.21% 2
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


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Variable Rate Mortgages

Mortgage Terms
Rate effective 10-Feb-25
Up to 25 Year Amortization

APR

 More than 25 Year Amortization APR
1-Year Variable Rate - Open 5.90% 4 6.00% 2 N/A N/A
5-Year Variable Rate 4.39% 4 4.41% 2 4.49% 4 4.51% 2
5-Year Variable High-Ratio 4.29% 1 4.31% 2 4.29% 4 4.31% 2

 
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Posted Rates

Fixed Rate Mortgages

Mortgage Terms
Rate effective 23-Sep-24

Rate (Up to 25 Year Amortization)

APR
1-Year Fixed Rate - Closed 7.14% 1 7.24% 2
2-Year Fixed Rate - Closed 6.80% 1 6.85% 2
3-Year Fixed Rate - Closed 6.50% 1 6.53% 2
4-Year Fixed Rate - Closed 6.34% 1 6.37% 2
5-Year Fixed Rate - Closed 6.40% 1 6.42% 2
6-Year Fixed Rate - Closed 6.80% 1 6.82% 2
7-Year Fixed Rate - Closed 6.80% 1 6.82% 2
8-Year Fixed Rate - Closed 6.80% 1 6.82% 2
9-Year Fixed Rate - Closed 7.00% 1 7.02% 2
10-Year Fixed Rate - Closed 7.10% 1 7.11% 2

 
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Variable Rate Mortgages

Mortgage Terms

Rate effective 10-Feb-25

Rate (Up to 25 Year Amortization)
APR
1-Year Variable Rate - Open 9.35% 2 9.45% 2
5-Year Variable Rate - Closed (Up to 25 Year Amortization) 5.20% 2 5.22% 2

 
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* As of February 7, 2025, 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.