Mortgage Rates - as of July 12, 2018
|Variable Rate Products||Posted rate|
|Variable Rate Mortgage — 3 year||3.70%||(Prime+ 0.00%)|
|Variable Rate Mortgage — 5 year||3.70%||(Prime+ 0.00%)|
|Home Equity Line of Credit||4.20%||(Prime+ 0.50%) (1st mortgage)|
|Fixed Rate Products||Posted rate|
|Prescribed 5-year rate for mortgage qualification||5.34%|
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 July 12, 2018. 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 July 12, 2018 and may fluctuate from time to time. All rates are subject to change without prior notice.