All rates shown below are effective December 12, 2011 and subject to change at any time without prior notice.

Fixed rate mortgages 

Description Rate (%) *
6 Month Open 6.500
6 Month Closed 4.550
12 Month Open 6.300
12 Month Closed 3.500
24 Month Closed 3.850
36 Month Closed 4.050
48 Month Closed 4.790
60 Month Closed 5.140
84 Month Closed 6.500
120 Month Closed 6.750

* The Annual Percentage Rate (APR) is the same as shown. Rates are subject to change.

Variable rate mortgages 

Interest rate is subject to change daily with changes to Our Mortgage Prime Rate.

Introductory Interest Rate Period (months) Interest Rate (%) APR (%) *
 60 Month Closed n/a 3.000 3.015   

* The Annual Percentage Rate (APR) for each term listed above (with a reduced rate for an introductory period, where applicable) is based on a mortgage of $100,000, with monthly payments and a 25 year amortization. The APR was calculated using Our Mortgage Prime Rate, which is subject to change.

 

Adjustable rate adjustable payment - lock and roll mortgages 

Interest rate is subject to change at the end of each rollover period. The Adjustable Rate Adjustable Payment (ARAP) mortgage is based on Our 1 Month Fixed Rate and our Lock and Roll mortgage is based on Our 6 Month Fixed Rate.

Introductory Interest Rate Period (months) Interest Rate (%) APR (%) *
60 Month Closed - ARAP
(1 month rollover period)
n/a 3.000 2.991   
60 Month Closed - Lock and Roll
(6 month rollover period)
n/a 4.050 4.030   

* The Annual Percentage Rate (APR) for each term listed above (with a reduced rate for an introductory period, where applicable) is based on a mortgage of $100,000, with monthly payments and a 25 year amortization. The APR was calculated based on the appropriate Our 1 Month Fixed Rate or Our 6 Month Fixed Rate, which is subject to change.

Base rates

Description Rate (%)
Our Mortgage Prime Rate 3.000
Our 1 Month Fixed Rate 3.000
Our 6 Month Fixed Rate 4.550