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Connect with a Mortgage Advisor to see if a variable rate mortgage is right for you.
Book appointment
Meet with a Mortgage Advisor to secure a rate and personalized plan.
Book appointment

What is a variable rate mortgage?

A variable rate mortgage fluctuates with the prime rate.

  • Potential to save in interest costs if the prime rate decreases, allowing you to put more towards your principal
  • Convert to a fixed rate term at any point during your term, penalty-free
  • Available in a 5 year closed term
  • Flexible payment options to be mortgage-free faster
  • Potential to unlock borrowing options with HomeownerFlex
Speak to a Mortgage Advisor

Access competitive rates and personalized advice

4.46 %APR APR2

5-Year Variable High-Ratio MortgageInterest rate varies with prime. This mortgage can convert to a fixed rate at any time, penalty-free and is for those with a downpayment of less than 20%

4.56 %APR APR2

5-Year Variable MortgageInterest rate varies with prime. This mortgage can convert to a fixed rate at any time, penalty-free.

Our Mortgage Advisors will help you customize a mortgage that’s right for you

Together, you’ll review the features, rates and terms of your loan.

Convertible term

Switch to a fixed rate term at any point, without penalty.

HomeownerFlex

Coast Capital mortgages come with the ability to use your home equity for additional borrowing options. Learn more.

Payment options

Flexible and competitive extra payment options to help you get mortgage-free sooner.

High-ratio rates

Rates specifically for buyers who have a downpayment less than 20% and require mortgage insurance.

Pre-payment options

Make a pre-payment of up to 20% of the mortgage amount annually.

Optional Creditor Insurance

Through our partnership with Securian Canada3, protect your payments with if the unexpected happens. Learn more.

A variable rate mortgage may be right for you if...

  • CheckmarkYou to take advantage of potential decreases in prime rates
  • CheckmarkYou’re comfortable with fluctuations within your amortization period
  • CheckmarkYou need more mortgage flexibility within 5 years

A variable rate mortgage may not be right for you if...

  • Cross iconYou want a planned portion of your payment applied to your principal
  • Cross iconYou aren't comfortable with fluctuations in your amortization
  • Cross iconYou aren’t comfortable with your rate fluctuating

Connect with a Mortgage Advisor today

Find a Mortgage Advisor

Call at 1.888.517.7749

1. As of January 10, 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.

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 charges, the APR and the interest rate will be the same. The APR assumes that the interest rate does not vary over time. Rates are subject to Coast Capital's standard lending criteria.

3. Securian Canada is a marketer of creditor insurance underwritten by Canadian Premier Life Insurance Company and insurance-related products. This product may not pay off your entire obligation. Any benefits will be payable to your creditor. Exclusions, limitations and terms of availability apply to this coverage. For cost and complete details, contact your Coast Capital Savings lender.