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Fixed Rate Closed Mortgage

Fixed mortgage rates with lowest guaranteed interest rate

Fixed mortgage rate with lowest guaranteed interest rate.

  • Lowest guaranteed interest rate for the term of your mortgage
  • Protection from rising rates
  • Pay down up to 15% of principal each year on your anniversary
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The Fixed Rate Closed Mortgage is one of the most popular mortgage solutions we offer. It provides the security of a highly competitive fixed rate over the full term of your mortgage and predictable payments. And you have the option to save even more by making additional payments each year on your mortgage anniversary date.

This can be an ideal solution for first-time buyers who choose a long amortization period. Taking advantage of our fixed mortgage rates protects you from rising interest rates. A closed mortgage offers a better interest rate than an open mortgage and also allows you to lock in for longer terms (up to 10 years).

Fixed Rate Closed Mortgage Details
Term 6 months to 10 years
  • Choose weekly, bi-weekly, semi-monthly or monthly payment frequency to suit your cash flow
  • Up to 15% of the original principal can be paid down each year on the mortgage anniversary date
  • Scheduled payments can be increased, on an on-going basis, by up to 15% once each calendar year
Rate Locked in for the term of the mortgage
Amortization Up to 25 years (standard); longer amortizations available - talk to your advisor
Financing Up to 80% of the value of your property; up to 95% if insured by a third party such as CMHC


Fixed Rate Closed Mortgage (Rates effective 2021-06-03) Rates
6-Month Fixed Rate Closed Mortgage 4.55%
1-Year Fixed Rate Closed Mortgage 2.94%
2-Year Fixed Rate Closed Mortgage 3.04%
3-Year Fixed Rate Closed Mortgage 3.55%
4-Year Fixed Rate Closed Mortgage 4.04%
5-Year Fixed Rate Closed Mortgage 4.79%
5-Year Fixed Rate Closed Mortgage Special Rate** 2.39%
7-Year Fixed Rate Closed Mortgage 5.40%
10-Year Fixed Rate Closed Mortgage 5.80%

Apply now or get pre-approved for a mortgage. It couldn't be easier.

† Rates are subject to change without notice at any time. For more information visit your nearest branch or call us at 604.982.8000 or toll-free 1.888.713.6728.

*Some conditions apply; subject to credit approval, for mortgages on owner-occupied properties with a maximum 25-year amortization and 75% loan-to-value ratio. Talk to our mortgage advisors for details.

*** Payment protection coverage is optional and is underwritten and provided by CUMIS Life Insurance Company. Coverage is governed by the terms and conditions of the creditor group insurance policy issued to the creditor and is subject to terms, conditions, exclusions and eligibility requirements.

IRD information can be found here.

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