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Mortgage Rates Canada

Term Posted Rate Our Rate Claim This Rate
Home Equity Line of Credit Prime + .50% Prime +.50% Claim Rate
Fixed 1 Year 7.49% 6.79% Claim Rate
Fixed 2 Year 7.29% 6.39% Claim Rate
Fixed 3 Year 6.79% 6.00% Claim Rate
Fixed 4 Year 6.29 5.64 Claim Rate
Fixed 5 Year 6.19% 5.39 Claim Rate
Variable 5 Year 6.79 7.2% (prime -.90%) Net Rate 6.30% Claim Rate
Fixed 10 Year 6.89% 6.40% Claim Rate

Mortgage Rates Canada – Compare Our Rates

Mortgage Brokers Network has decades of experience and has created a vast network of lenders.  These lenders want to compete for your business and are willing to offer preferential rates and flexibility to get it.

We offer a whole host of mortgage services and can provide some of the most competitive mortgage rates because of our deep ties and long standing reputation in the industry. Whether you are purchasing your first home, refinancing an existing property or even building your dream home we can help!

Fixed Rate vs Variable Rate

When a borrower poses the question of fixed rate vs variable rate, we generally respond “it’s up to you”.  That being said, we do our best to educate our clients on the pros an cons of fixed rate mortgages vs variable rate mortgages.  While each has its own merits, a borrower has to consider both their short term financial position and their long term goals.

A borrower has to understand their financial position and the impact of selecting one mortgage over the other.  The Mortgage Broker Network takes mortgage education seriously and we promote financial literacy so our clients understand the benefits and risks associated with all mortgages.

We offer tremendous fixed rates as seen above and our variable rates are just as, if not more so competitive.  Rates fluctuate all the time and we recommend calling to discuss your situation before you get attached to a rate you see on the internet.  Remember all rates are not created equal.  Just because you see an extremely low rate on say, a 5 year fixed term, you may not have many options with that mortgage.

For instance, you may not have prepayment options, there may be large penalties associated with the mortgage you are looking at.  This is why we strongly recommend you call us for a free consultation to make sure you are comparing apples to apples, and not apples to oranges so to speak. Again, whatever rate you are considering be it a fixed rate or a variable rate, be sure to get the facts.

Best Mortgage Rates Canada 5 years Fixed

As previously explained, all mortgages are not created equal.  The best mortgage rates in Canada 5 year fixed may seem appealing but did you read the fine print? For example, the most appealing 5 year fixed mortgage rates may  be 1.99% but more often than not, there are a lot of restrictions.  You may have no option for prepayment or additional payments throughout the term of the mortgage. Additionally, you may be faced with massive penalties if you have to break the mortgage or sell your home.  We have all heard the horror stories.


These mortgages are generally referred to as “no frills” mortgages and can have a devastating impact on your finances if you aren’t aware of what you are getting involved in.  To reiterate, not all mortgages are created equal and this is why it pays to have an experienced broker to walk you through the pitfalls of selecting a mortgage.  The Mortgage Brokers Network has decades of experience and uses technology to help us find the mortgage that best suits your needs. So remember, the best mortgage may not be the lowest rate you see.  

Mortgage Broker Near Me

While it may seem comforting to work with someone that lives in your town or is local to you, it may cost you more.  While it may be fine to support your local grocery store or thrift shop, small mortgage brokerages that don’t operate on a national level don’t get deep discounts.

The Mortgage Brokerage Network’s vast relationships in the industry and large volumes of business allow us to provide preferential rates and terms to our clients.  Indeed, it feels good to support your community but not when the expense could cost you thousands of dollars.  Because we are such a large transactional brokerage, lenders pass on discounts to us, and in turn we pass those savings on to you.

You also get the added benefit of experience. For this reason alone, the Mortgage Brokers Network should be your go to mortgage broker. Experience counts when you are dealing with the biggest resource you are buying or own.   

The Mortgage Brokers Network Advantage

Obviously having experience, relationships and technology by your side will help you acquire great rates. But, this isn’t what sets the Mortgage Brokers Network apart from our competitors.  It’s our customer service.  We are renown for our customer service and the rate at which we get referrals is proof in the pudding.  Our team of administrators, underwriters and customer service manages pride themselves on providing superior customer service.

We send out videos explaining each step of the process and communicate with our clients consistently to ensure they understand how things are proceeding.  We love making clients smile and we believe that great rates and flexible terms are just a small part of why our clients are smiling. 
Have a look at some of our services and contact our office for a free consultation to see what decades of experience can do for you.