One of the first decisions home buyers and mortgage shoppers face is whether to select a variable rate or a fixed rate mortgage.

With a variable rate mortgage, the rate may change as Prime changes. A variable rate will be quoted as Prime +/- a specified amount, such as Prime -.50%. Though the Prime lending rate may fluctuate, the relationship to Prime will stay constant over your term.


Examined historically, variable rates have proven to be less expensive over time as compared to fixed rates. Easier to fully prepay and take advantage of lower rates and terms than a fixed rate mortgage.


Financial uncertainty that accompanies increases to Prime impacting the interest payable during the term.

Discover what type of mortgage is right for you with our Mortgage Assessment.

Check out our Mortgage Rates Today for both variable and fixed rates as well as our New Home Rates

offered in connection with our Rate Protection Program