4.89% |
4.89% |
5.75% |
||
|---|---|---|---|---|
5 year fixed closed insured |
5 year fixed closed |
5 year variable |
From Today’s Orbis Rates*
As of June 2, 2023
*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 broker for more information.
What is the best rate for you?
Analyze your options and choose while considering your payment capacity and your risk tolerance.
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. Analyze your options and choose while considering your payment capacity and your risk tolerance.
Closed Fixed Rate
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 | ORBIS |
| 1 year | 6.09% | 5.99% |
| 2 years | 5.79% | 5.64% |
| 3 years | 5.79% | 5.04% |
| 4 years | 6.09% | 4.89% |
| 5 years | 6.34% | 4.89% |
| 6 years | 6.49% | 5.74% |
| 7 years | 6.60% | 5.29% |
| 10 years | 6.85% | 6.00% |
Variable Residential Rate
Your payment is fixed for the chosen term and you rate will fluctuate with the market’s variations.
Closed Variable Rate
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. |
| Term | Posted rate | ORBIS |
| 3 years | 8.10% | 6.70% |
| 5 years | 7.15% | 5.75% |
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From condo to 4plex, we can finance loans of any limit and value located within Canada.
