Mortgage rates

Vancity offers a range of home mortgages with rate plans to suit all needs. Mortgage rates are important, but so is flexibility. To find the right mortgage for you, you need to consider all of its features and benefits. View the mortgage options page to learn more.

For more information about Vancity mortgages and interest rates, please contact our Mobile Mortgage Specialists or call the Member Services Centre at 604.877.7000 or toll-free at 1.888.826.2489.

Closed Term Mortgage Rates1
(2020-05-26)
5 Year Closed Term Fixed Rate Residential Mortgage 2.54%2

Fixed Term Mortgages Rates1
(2020-05-26)
6 Month Fixed Term Residential 4.00%
1 Year Fixed Term Residential 3.44%
2 Year Fixed Term Residential 3.54%
3 Year Fixed Term Residential 3.94%
4 Year Fixed Term Residential 4.49%
5 Year Fixed Term Residential 2.69%2
5 Year Fixed Term Insured Residential 2.44%3
5 Year Closed Term Residential 2.54%4
5 Year Homeprime Fixed Term 2.55%
7 Year Fixed Term Residential 3.19%2
10 Year Fixed Term Residential 3.59%2

Open Term Mortgages1 Rates
(2020-05-26)
6 Month Open Term Residential 7.25%
1 Year Open Term Residential 6.70%
2 Year Open Term Residential 4.54%
3 Year Open Term Residential 4.94%
5 Year Open Term Residential 5.98%

Homeprime Mortgages2 Rates
(2020-05-26)
5 Year Homeprime Fixed Term 2.55%
5 Year Homeprime Open Term 3.80%


1 The annual percentage rate (APR), compounded semi-annually, not in advance. The APR is for a mortgage of $100,000 with monthly payments and a 25 year amortization. APR assumes no fees apply. You may be required to pay additional fees which would increase your APR. 5-Year Homeprime Fixed Term Mortgage interest rate is compounded monthly, not in advance. Vancity's Homeprime mortgage offers you a low variable interest rate based on Vancity's Homeprime rate over a 5-year fixed term. The Homeprime represents a variable rate of interest announced by Vancity from time to time as its Prime Lending Rate. Rate changes when Vancity Homeprime changes. Rates subject to change without notice.

2 Some conditions apply. Available to Vancity members on new and renewing mortgages where the mortgage loan-to-value is less than 75% and the amortization is 25 years or less. Must be owner occupied. Additional qualification criteria apply to the 7-year Fixed Term Residential Mortgage. All applicants must meet the Vancity lending criteria. Rate is subject to change or may be withdrawn without notice at any time.

3 Some conditions apply. This rate is only available to members with less than 20% down payment, a residential property with a purchase price under $1,000,000, the amortization is 25 years or less, owner occupied, and who are eligible for and purchase mortgage default insurance. All applicants must meet the Vancity lending criteria. The annual percentage rate (APR), compounded semi-annually, not in advance. The APR is for a mortgage of $100,000 with monthly payments and a 25 year amortization. APR assumes no fees apply. You may be required to pay additional fees which would increase your APR. Rate is subject to change or may be withdrawn without notice at any time.

4 Some conditions apply. Available to Vancity members on new and renewing mortgages where the amortization is 25 years or less, and residential property with a purchase price under $1,000,000. Must be owner occupied. All applicants must meet the Vancity lending criteria. Rate is subject to change or may be withdrawn without notice at any time.

 

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