Mortgage Rates Canada

Our Mortgage Rates in Canada, change often.
We Updated whenever there is a change in mortgage rates.  This may mean daily, weekly or anywhere between.


It is safe to say that for all borrowers, mortgage rates is their first priority. Having said that, we need to distinguish between Bank side mortgage rates or A side, or B side mortgage rates.
The rates below are Bank side for borrowers with credit scores of 670 and above.

 

Talk to us about getting the right rate for you.

 

MORTGAGE RATES – Talk to us about mortgage rates and terms.  Call us at 416-219-7486

 

Current best overall mortgage rates

TERMInsured RatesUninsured rates
1 Year Fixed6.595.6GET THIS RATE
2 Year Fixed5.35.94GET THIS RATE
3 Year Fixed5.595.59GET THIS RATE
4 Year Fixed4.884.88GET THIS RATE
5 Year Fixed4.884.88GET THIS RATE
VARIABLEprime - 1%Prime - 1%GET THIS RATE

Insured vs Uninsured Canadian Mortgage Rates

Looking at the chart above it is clear that ” insured” mortgages are priced with lower rates than ” Uninsured” rates.

The reason for this is the lender or Bank is in a secure position against default on insured mortgages. In Canada, mortgages with down payments of 5% to 19% must be insured against default. The common insurers is CMHC, Canadian Mortgage and Housing Corporation, or GFI, Genworth Financial Inc. This also means that rated can be cheaper on purchases than refinances. This is because refinances cannot exceed 80% loan to value.

Below are the best B lending Mortgage Rates. These are for  bad credit in Canada

TERMConditionRATE
1 Yearin house pre approval
6.54%-7.19% GET THIS RATE
2 Yearsin house pre approval
6.39%-6.99% GET THIS RATE
3 Yearsin house pre approval
6.09%-6.39% GET THIS RATE
5 Yearsin house pre approval5.84%-6.84%GET THIS RATE

PURCHASE PRE QUALIFIER

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OUR B LENDING RATES

Guide to our bad credit mortgage rates

IS REVENUE CANADA CALLING ON YOU?

Owe money to CRA? We know hot to resolve your tax issues with a 2nd equity take out mortgage! Response in hours!

FIRST TIME HOME BUYER SPECIAL PROGRAMS

RMA Mortgages offers first time home buyer special mortgage programs to qualified borrowers. Click the links below for more information.
  • Mortgage for Self Employed Individuals
  • Mortgage for New Canadian Immigrants
  • Mortgage for Canada Non-Residents

HOW MUCH DOWN PAYMENT DO I NEED?

Use our quick table guide to give you a STRAIGHT, answer. No need to Guess!

BANK SAYS NO – WE SAY YES!

Alternative Mortgage Solutions fromfrom 2.54@%

BAD CREDIT MORTGAGE RATES

FROM 5.99%

Check our rates