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Find the mortgage that makes home feel possible

Competitive rates, expert advice and a rate hold of up to 120 days. Whether you are buying, renewing or refinancing, we will guide you every step.

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Today's mortgage rates

Sample rates for illustration, with a rate hold of up to 120 days when you get pre-approved.

1-year fixed

5.19%
APR for an insured mortgage

3-year fixed

4.69%
APR for an insured mortgage
Most popular

5-year fixed

4.59%
APR for an insured mortgage

5-year variable

Prime − 0.45%
Rate moves with prime
MortgageTermRatePrepaymentBest for
Closed fixed1 to 10 yearsFrom 4.59%Up to 20% per yearPayment certainty
Closed variable5 yearsPrime − 0.45%Up to 20% per yearLower starting rate
Open fixed6 months to 1 yearFrom 6.49%Pay off any timeSelling or paying down soon
Convertible6 months to 3 yearsFrom 5.09%Switch to longer termFlexibility

Rates are for illustration and subject to change. Subject to credit approval and mortgage default insurance where applicable.

Choose how your mortgage works

Each type balances rate, flexibility and certainty differently.

Fixed rate

Your rate and payment stay the same for the whole term. Easy to budget.

Estimate payment

Variable rate

Your rate moves with the prime rate. Often lower to start, but can rise.

Estimate payment

Open mortgage

Repay in part or in full any time with no penalty. Higher rate, short term.

Ask an advisor

Convertible

Start short, then lock into a longer fixed term without a penalty.

Ask an advisor

Mortgage payment calculator

Uses Canadian semi-annual compounding and includes estimated mortgage default insurance when your down payment is under 20%.

Estimated monthly payment
Mortgage amount
Default insurance (added)
Total interest
Time to pay off
Get pre-approved Estimate only. Excludes property tax, heating and closing costs.

A mortgage for where you are right now

First home

Buying your first home?

Get a dedicated advisor and tap into every federal program available.

  • First Home Savings Account (FHSA): contribute up to $8,000 a year, tax-deductible and tax-free on qualifying withdrawal
  • Home Buyers' Plan: withdraw from your RRSP toward a down payment
  • First-Time Home Buyers' Tax Credit and GST/HST rebates where eligible
  • Down payments from 5%, with default insurance
Get pre-approved
Reviewing mortgage renewal papers

Renewing or switching lenders

Do not just accept your renewal letter. Compare rates and save thousands.

  • Start 120 days before your term ends
  • We may cover legal and appraisal fees when you switch
  • Make a no-cost rate review any time
  • Adjust amortization or payments at renewal
Review my renewal
Refinancing and equity

Refinance and use your equity

Borrow up to 80% of your home's value to renovate, consolidate debt or invest.

  • Access up to 80% of appraised home value
  • Combine high-interest debts into one lower payment
  • Fund renovations and add value to your home
  • Avoid penalties with our payout calculator
Talk to an advisor
Self-employed professionals

Self-employed? We get it.

Your income is not a pay stub, so we look at the full picture.

  • Use 2 years of Notice of Assessment and T1 General
  • Options for stated or lower-documentation income
  • Incorporate business and personal assets
  • Specialist underwriters who understand your business
Speak to a specialist
Advisor welcoming a newcomer

New to Canada

We help you build credit and buy your first home sooner.

  • Mortgages for permanent residents and work permit holders
  • Down payment from 20% for some newcomer programs
  • Use international credit history where possible
  • Service in English, French and more
Start your journey

Your mortgage journey, step by step

Get pre-approved

Know your budget and lock your rate.

Find a home

Shop with confidence.

Make an offer

Add a financing condition.

Finalize mortgage

Appraisal and final approval.

Legal and closing

Sign with your lawyer or notary.

Get your keys

Welcome home!

Plan for the costs beyond the price

Budget about 1.5% to 4% of the purchase price for closing costs, depending on your province.

Land transfer tax

Varies by province. Ontario, BC and Quebec ("welcome tax") each calculate it differently, and some offer first-time buyer rebates.

Legal fees

Typically $1,000 to $2,500 for a lawyer or notary, plus disbursements.

Home inspection

Usually $400 to $700. Strongly recommended before you buy.

Mortgage default insurance

Required with less than 20% down. A premium of about 2.8% to 4% of the mortgage, added to your loan.

Appraisal and title insurance

Appraisal around $300 to $500. Title insurance around $200 to $400.

Moving and adjustments

Moving costs plus prepaid property taxes and utility adjustments on closing day.

Why get your mortgage with Regular Point Credits

A dedicated mortgage advisor

One expert from pre-approval to closing, in person, by phone or video.

120-day rate hold

Lock in your rate while you shop for the right home.

Fast, digital approvals

Upload documents securely and track your application online.

Relationship rewards

Rate discounts and fee waivers when you bank with us.

Start my application

Documents to have ready

  • Two pieces of valid government ID and your SIN
  • Employment letter and 2 recent pay stubs
  • Last 2 years of T4s and Notices of Assessment
  • 90-day bank statements to prove your down payment
  • Signed purchase agreement (once you have an offer)
  • Void cheque for payments

Mortgage questions, answered

The minimum is 5% of the first $500,000 of the price and 10% of the portion between $500,000 and $1.5 million. Homes of $1.5 million or more need at least 20%. Under 20% down requires mortgage default insurance.

Federally regulated lenders must confirm you can afford payments at a qualifying rate, the greater of your contract rate plus 2% or 5.25%. It protects you if rates rise.

Fixed gives certainty. Variable can cost less if rates fall but may rise. Your advisor can compare scenarios based on your comfort with risk.

Closed mortgages carry a prepayment charge, usually three months' interest or the interest rate differential, whichever is greater. Open mortgages have no charge.

Often within one business day once we have your documents. Your approval and rate hold last up to 120 days.

Ready to take the first step home?

Book a free, no-obligation conversation with a mortgage advisor.

Book an advisor

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