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Mortgage Rate Update: Montreal, May 2018

Posted fixed and variable mortgage rates, updated on May 5, 2018.

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When buying a home, it’s recommended to shop around for interest rates and mortgage terms at different banks, since the interest rate paid on your mortgage will substantially affect your overall cost of homeownership.

Below you will find a list of posted fixed and variable mortgage rates, updated on May 8, 2018.

Financial Institution Variable 6 M 1 Year 2 Year 3 Year 4 Year 5 Year
Alterna Bank/Savings 3.15 4.2 3.35 3.34 3.45 3.25 3.45
ATB Financial 3 4.5 3.09 3.19 3.29 3.39 3.34
Bank of Montreal 3.6 4.2 3.44 3.6 4.15 4.89 5.19
Canadian Western Bank/Trust 2.9 4 2.99 3.04 3.24 3.29 3.24
CIBC 3.45 3.75 3.39 3.34 3.64 4.29 5.14
Comtech Credit Union 6.2 3.05 3.1 3.15 3.2 3.29
Desjardins – Caisses 3.45 4.4 3.49 3.59 4.15 4.79 5.49
Effort Trust Company 4.5 4 4.1 4.15 4.6 4.85
Equitable Bank 3.49 3.69 4.3 5.04 5.34
First Calgary Financial 4.09 3.24 3.24 3.29 3.34 3.44
First National Financial 3.45 4.09 4.09 3.79 3.64 3.64 3.69
FirstOntario Credit Union 3.45 4.94 3.59 3.24 3.34 3.49 3.49
Home Trust Company-Agent 3.34 3.59 4.15 4.89 5.14
HSBC Bank Canada 2.49 3.69 2.94 2.99 3.04 3.29 3.19
ICICI Bank Canada 3.05 3.19 3.19 3.94 4.29 5.14
Investors Group Trust 3.45 4.2 3.35 3.35 3.74 4.24 5.14
Kindred Credit Union 3.3 3.95 3.95 3.95 4 3.55
Laurentian Bank of Canada 3.45 4.4 3.49 3.74 4.15 4.89 5.49
League Savings & Mortgage 4.45 3.25 3.35 3.5 3.6 3.75
Libro Credit Union 3.75 3.45 3.45 3.45 3.49 3.54
London Life 3.45 4.2 3.35 3.35 3.74 4.24 5.14
Luminus Financial 4 4.1 4.2 4.35 4.5 4.99
Manulife 3.95 4.45 3.34 3.44 3.54 3.64 3.84
Meridian Credit Union 3.05 4 3.04 3.14 3.39 3.89 3.29
National Bank 3.45 4.4 3.49 3.74 4.3 4.89 5.34
PACE Savings & Credit Union 2.7 3.14 3.34 3.59 4.15 4.89 5.14
Parama Credit Union 3.4 3.29 3.39 3.49 3.69 3.89
Peace Hills Trust 4.5 3.35 3.5 3.75 4.05 4.25
Rapport Credit Union 3.45 6 3.09 3.25 3.89 4.25 5.14
RBC Royal Bank 3.45 3.49 3.49 3.74 4.3 5.04 5.34
Scotiabank 3.45 4.75 3.69 3.59 4.04 4.49 5.34
Simplii Financial 3.45 6.19 3.54 3.34 3.59 4.19 4.79
Steinbach Credit Union 3.09 3.19 3.29 3.39 3.49
Street Capital Bank 2.6 3.44 3.49 3.59 3.64 3.59
Tangerine 3.05 3.29 3.34 3.39 3.49 3.59
TD Canada Trust 3.6 3.14 3.04 3.44 3.59 3.89 5.59
Your Neighbourhood Credit Union 3.09 3.19 3.39 3.49 3.69

 


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This article, Mortgage Rate Update: Montreal, May 2018, appeared first on Shupilov News.

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