CURRENT RATES

Merite Mortgage International Brokers places a high value on education and training. A good understanding of the wide assortment of available products keeps us on the cutting edge. We’ll let you know whether you qualify for an institutional loan, or an alternative loan.

When you choose to work with us, you can rest assured that you’ll get the right product for your needs.

CURRENT PRIME VARIABLE (5 YEAR) RATE BENCH MARK
3.95% 2.70%* 5.19%
TERMS Posted Rates
Our Rates
6 months 4.55% 4.09%
1 Year 3.99% 3.79%
2 Year 3.85% 3.34%
3 Year 3.99% 3.34%
4 Year 3.89% 3.34%
5 Year 3.75% 2.84%
6 year 5.14% 3.59%
7 Year 5.30% 4.24%
10 Year 5.79% 4.39%

 

*5Yr Variable Rate - Some conditions may apply

N.B. New rules on mortgage lending to take effect on January 1, 2018. The qualifying guideline is: the contractual mortgage rate (offer rate) plus 2% or five year benchmark rate published by the Bank of Canada weekly whichever is higher.

Rates vary by Province. Please consult with one of our Agents for your Best Rate. Rates are subject to change without notice O.A.C.