The best rates and the best mortgage conditions

What is the best mortgage rate?

When negotiating a mortgage, the rate is important but even more important are the mortgage conditions. A Multi-Prêts broker will ensure that you obtain the best rate and the best market conditions that suit your situation. Our customers' satisfaction rate is excellent!

Today's Multi-Prêts mortgage rates*

As of January 17, 2020

3.19% 1 year Fixed closed Get this rate Posted Rates4.09%

2.84% 3 years Fixed closed Get this rate Posted Rates4.39%

2.84% 5 years Fixed closed Get this rate Posted Rates5.34%

2.9% 5 years variable Variable Get this rate Posted Rates3.95%

*Some conditions apply. Subject to change without prior notice. Rates may vary according to the amount borrowed, your credit rating, guarantees offered and other factor. Please refer to your Multi-Prêts broker for more information.

What is the best rate for you?

Analyze your options

Choose while considering your payment capacity and your risk tolerance.

Fixed Variable

Fixed Residential Rate

This rate will stay the same over the course of your term regardless of market fluctuations. Fixed Rate Mortgages can be open or closed.

Best if:

If you believe that interest rates will rise - you will be protected against an increase.
If you have a low threshold of tolerance for market fluctuation.
If you prefer to have the same payment over the course of your term.
If you don't intend to make any or very few prepayments of your mortgage principle.
If you don't plan to sell your home in the near future.

Term	Posted rate	Multi-Prêts
1 year	4.09%	3.19%
2 years	3.89%	3.14%
3 years	4.39%	2.84%
4 years	5.04%	2.99%
5 years	5.34%	2.84%
6 years	5.64%	3.49%
7 years	5.8%	2.99%
10 years	6.6%	3.09%

Best if:

If you plan to sell your home in the near future
If you intend to make prepayments of more than 20% of your mortgage principle
If you prefer to have the same payment over the course of your term

Term	Posted rate	Multi-Prêts

Variable Residential Rate

Your payment is fixed for the chosen term and you rate will fluctuate with the market's variations.

Best if:

If you believe that interest rates will drop, and you can enjoy that benefit.
If you have a high threshold of tolerance for market fluctuation.
If you have the ability to absorb an increase in your payments in the event of a rate hike.