| Term | Rate |
| Prime | 2.75% |
| Variable | 2.05% |
| 1 Year | 2.54% |
| 3 Year | 2.90% |
| 4 Year | 3.79% |
| 5 Year | 3.69% |
| 10 Year | 5.35% |
| Aug 31 | 5.39% |
| July | 1.8% |
| Aug 31 | 2.04% |
Special conditions apply
Mortgage Rates subject to change.
Debt servicing ratios are the ratios used to calculate debt owed by someone looking to obtain a mortgage.
Gross Debt Service Ratio (GDS): The percentage of the borrower’s income that is needed to make all payments for costs associated with housing. There is a maximum amount associated with this ratio to ensure that borrowers can afford to carry the debt.
Total Debt Service Ratio (TDS): The percentage of gross monthly income required to cover the monthly housing payments and other debts, such as car payments. Essentially debt payments. The max TDS is generally 40-42% for a conventional mortgage and up to 44% for a high ratio mortgage when a client has excellent credit.
