Filter Options
Home Value ($)
Enter Your Home Value
Mortgage Size ($)
Enter Your Mortgage Amount
Amortization
Province
Closing Date
Available for Refinances
Term (Years)
Rate Type
Advanced Options
Open
Cash Back
Pre-Approvals
Provider Name
Provider Type
Historical Rates Reset Date to Today
Create Alert
Email Rates

Best Mortgage Rates

These are the best open rates in Canada. Open mortgages are always priced at a premium because the absence of a prepayment penalty makes them more costly for lenders.

Spy Tip: Open mortgages almost always have a signification rate premium over closed mortgages. For that reason, they’re usually intended as short-term solution. If you plan on having a mortgage for more than 9 months, you’re almost always better off in a closed mortgage at a much lower rate, even if you have to pay a 3-month interest penalty to get out early.