Mortgage Rates
To take advantage of these rates, call us at 1.888.517.7000 Mon-Sat, 8am-8pm or connect with a Mortgage Advisor online.
Featured and Prime Rates
Featured Mortgage Rates
|
Mortgage Terms
|
Rates (effective 15-Jan-24) |
APR | |
|---|---|---|---|
| 5-Year Variable High-Ratio | 6.49% (6.51% APR) | 6.49% (6.51% APR) 5 | 6.51% |
| 5-Year Fixed High-Ratio | 5.79% (5.81% APR) 6 | ||
| 5-Year Variable | 6.59% (6.61% APR) 3 | ||
| 5-Year Fixed | 5.39% (5.41% APR) 1,2 | ||
| Members Get It™ Mortgages Promotional 4-Year Fixed | 2.990% 12 |
Prime Rate
|
Rate Type
|
Rate |
Date of change |
|---|---|---|
| CCS Prime | 7.20% | 13-Jul-23 |
What’s a Fixed Rate?
A Fixed Rate stays the same throughout the mortgage term, regardless of increases or decreases in the prime rate, and avoids the risk of your payment increasing over time.
Fixed Rate Mortgages
|
Mortgage Terms*
Rate effective 15-Jan-24
|
Up to 25 Year Amortization |
APR |
More than 25 Year Amortization | APR |
|---|---|---|---|---|
| 1-Year Fixed Rate - Open | 8.29% 2 | 8.39% 2 | 8.39% 2 | 8.49% 2 |
| 1-Year Fixed Rate | 6.79% 2 | 6.89% 2 | 6.89% 2 | 6.99% 2 |
| 2-Year Fixed Rate | 6.29% 2 | 6.34% 2 | 6.39% 2 | 6.44% 2 |
| 3-Year Fixed Rate | 5.74% 2 | 5.78% 2 | 5.84% 2 | 5.88% 2 |
| 4-Year Fixed Rate | 5.49% 2 | 5.52% 2 | 5.59% 2 | 5.62% 2 |
| 5-Year Fixed Rate | 5.39% 2 | 5.41% 2 | 5.49% 2 | 5.51% 2 |
| 5-Year Fixed High Ratio | 5.19% 2 | 5.21% | Not Offered | |
| 6-Year Fixed Rate | 5.89% 2 | 5.91% 2 | 5.99% 2 | 6.01% 2 |
| 7-Year Fixed Rate | 5.89% 2 | 5.91% 2 | 5.99% 2 | 6.01% 2 |
| 8-Year Fixed Rate | 5.89% 2 | 5.91% 2 | 5.99% 2 | 6.01% 2 |
| 9-Year Fixed Rate | 6.89% 2 | 6.91% 2 | 6.99% 2 | 7.01% 2 |
| 10-Year Fixed Rate | 6.89% 2 | 6.90% 2 | 6.99% 2 | 7.00% 2 |
What’s a Variable Rate?
A Variable Rate changes during the mortgage term based on increases or decreases in the prime rate, but offers the opportunity to pay off more of your mortgage principal when the prime rate lowers.
Variable Rate Mortgages
|
Mortgage Terms*
Rate effective 15-Jan-24
|
Up to 25 Year Amortization |
APR |
More than 25 Year Amortization | APR |
|---|---|---|---|---|
| 1-Year Variable Rate - Open | 7.90% 4 | 8.00% 4 | N/A | N/A |
| 5-Year Variable Rate | 6.59% 3 | 6.61% 3 | 6.69% 3 | 6.71% 3 |
| 5-Year Variable High-Ratio | 6.49% 5 | 6.51% | N/A | N/A |
Ready to switch your mortgage to Coast Capital? Here’s how to get started.
Contact us to start your mortgage—our advisors will guide you through the process.
We’ll help you complete an application, customize your rate and terms and we’ll hold your rate for 90 days. You’ll need these documents for your application.
Our team will take care of all the final details and complete your mortgage.
- For residential first mortgages only. Interest rate and approval based on risk profile. Additional fees may apply. Interest rates subject to change without notice.
- Annual Percentage Rate (APR), compounded semi-annually. If fees or charges apply, the APR could increase.
- Initial interest rate and the APR on a 5-year variable, closed mortgage, compounded monthly. This is a variable rate product which will fluctuate with the Coast Capital Savings prime rate. If fees or charges apply, the APR could increase.
- Initial interest rate and the APR on a 1-year variable rate, open mortgage, compounded monthly. If fees or charges apply, the APR could increase. This is a variable rate product which will fluctuate with the Coast Capital Savings prime rate.
- For new high-ratio-insured, closed, residential (owner-occupied) first mortgage loans made to members with a Direct Payroll Deposit to a Coast Capital Savings account and a Pre-Authorized Credit into a Coast Capital Savings investment product (registered or unregistered) only. Additional mortgage insurance criteria may apply. Interest rate and approval based on risk profile. This is a variable rate product which will fluctuate with the Coast Capital Savings prime rate. Rates subject to change at any time without notice. Additional fees may apply. Insurance fees and other applicable fees, if any, will increase your APR.
- For new high-ratio-insured, closed, residential (owner-occupied) first mortgage loans made to members with a Direct Payroll Deposit to a Coast Capital Savings account and a Pre-Authorized Credit into a Coast Capital Savings investment product (registered or unregistered) only. Additional mortgage insurance criteria may apply. Interest rate and approval based on risk profile. Rates subject to change at any time without notice. Additional fees may apply. Insurance fees and other applicable fees, if any, will increase your APR.
Let’s find the right mortgage, together. Book an appointment to talk with our Mobile Mortgage Specialists or call us at 1.888.517.7749 to get started.