Mortgage Rates

B2B Bank's Prime Rate¹: 3.95 %
B2B Bank's Alternative Rate²: 5.00 %

Laurentian Bank of Canada's Prime Rate3: 3.95%

 

Mortgage Rates - as of July 23, 2019

Variable Rate Products

  Posted rate APR4,5 
Variable Rate Mortgage — 3 year 3.95% (Prime+ 0.00%) 3.97%
Variable Rate Mortgage — 5 year 3.95% (Prime+ 0.00%) 3.97%
Home Equity Line of Credit

4.45% (Prime+ 0.50%)(1st mortgage)

 

Fixed Rate Products

6-month convertible 6.00% 6.23%
6-month closed 4.40% 4.63%
6-month open 6.70% 6.93%
1-year open 6.30% 6.42%
1-year closed 3.49% 3.61%
2-year closed 3.69% 3.75%
3-year closed 4.15% 4.19%
4-year closed 4.89% 4.92%
5-year closed 5.19% 5.19%
7-year closed 5.80% 5.83%
10-year closed 6.60% 6.63%

Prescribed 5-year rate for mortgage qualification 5.19%  

 

1The term prime rate means the annual interest rate announced by B2B Bank from time to time as being its reference rate then in effect. The rate shown is as of October 25, 2018. All rates may fluctuate from time to time and are subject to change without prior notice.

2B2B Bank Alternative Rate means the annual interest rate announced by B2B Bank from time to time as being the reference alternative rate then in effect (the "Alternative Rate"). The rate shown is as of October 25, 2018.

3The term “prime rate” means the annual interest rate announced by Laurentian Bank of Canada from time to time as the reference rate in effect. The rate shown is as of October 25, 2018 and may fluctuate from time to time. All rates are subject to change without prior notice.

4 Interest rate compounded half-yearly, not in advance.

5 The annual percentage rate (APR) is based on a $300,000 mortgage for a 25-year amortization and assuming a fee of $350 to determine the value of the property (The actual fee may vary). In certain circumstances and where applicable, other fees may apply, which may change the APR listed above. If there are no cost of borrowing charges, the APR and the interest rate will be the same. The Variable interest rates will change as B2B Bank’s prime rate changes. All rates are subject to change.