Mortgage Rates

B2B Bank's Prime Rate¹: 3.20%
Laurentian Bank of Canada's Prime Rate²: 3.20%

Mortgage Rates - as of September 28, 2017

Variable Rate Products Posted rate  
Variable Rate Mortgage — 3 year 3.20% (Prime+ 0.00%)
Variable Rate Mortgage — 5 year 3.20% (Prime+ 0.00%)
Home Equity Line of Credit 3.70% (Prime+ 0.50%) (1st mortgage)
Fixed Rate Products Posted rate  
6-month convertible 6.00%
6-month closed 4.40%
6-month open 6.70%
1-year open 6.30%
1-year closed 3.39%
2-year closed 3.39%
3-year closed 3.90%
4-year closed 4.64%
5-year closed 4.99%
7-year closed 5.30%
10-year closed 6.10%
   
Prescribed 5-year rate for mortgage qualification 4.99%

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 September 07, 2017. All rates may fluctuate from time to time and are subject to change without prior notice.

2The term “prime rate” means the annual interest rate announced by Laurentian Bank of Canada from time to time as the reference rate in effect to determine the interest rates applicable to commercial loans, in Canadian dollars. The rate shown is as of September 07, 2017 and may fluctuate from time to time. All rates are subject to change without prior notice.