High-ratio mortgages

If your down payment is less than 20% of the property value, your mortgage is high-ratio and you need to buy mortgage default insurance.

5 year fixed 4.74% 1.97%
5 year variable 2.45% 1.70%

Fixed-rate mortgages

Pay the same interest rate throughout the entire term.

2 year RDS<%rate[1].fixed_rate.Published(2_year,undefined,fixed_rate,undefined-undefined-undefined-undefined-undefined)(#OX2#)%>% % 2.09% 2.13%
3 year RDS<%rate[1].fixed_rate.Published(3_year,undefined,fixed_rate,undefined-undefined-undefined-undefined-undefined)(#OX2#)%>%% 2.07% 2.10%
4 year RDS%rate[1].fixed_rate.Published(4_year,undefined,fixed_rate,undefined-undefined-undefined-undefined-undefined)(#OX2#)%% 2.02% 2.04%
5 year RDS%rate[1].fixed_rate.Published(5_year,undefined,fixed_rate,undefined-undefined-undefined-undefined-undefined)(#OX2#)%% 2.07% 2.09%
7 year RDS%rate[1].fixed_rate.Published(7_year,undefined,fixed_rate,undefined-undefined-undefined-undefined-undefined)(#OX2#)%% -- --
10 year RDS%rate[1].fixed_rate.Published(10_year,undefined,fixed_rate,undefined-undefined-undefined-undefined-undefined)(#OX2#)%% -- --

Rates subject to change without notice.

Annual Percentage Rate (APR) means the cost of borrowing for a loan expressed as an interest rate. It includes all interest and non-interest charges associated with the mortgage. If there are no non-interest charges, the annual interest rate and APR will be the same.

Learn about prepayment charges.

Variable-rate mortgages

Your payments change as prime rates go up and down.

5 year RDS<%rate[1].variable_rate.Published(5_year,NA-99999.99,variable_rate,undefined-undefined-undefined-undefined-undefined)(#OX2#)%>%% 1.80% 1.82%

Rates subject to change without notice.

Annual Percentage Rate (APR) means the cost of borrowing for a loan expressed as an interest rate. It includes all interest and non-interest charges associated with the mortgage. If there are no non-interest charges, the annual interest rate and APR will be the same.

Learn about prepayment charges.

Cashback mortgages

Get a great rate and cash in your pocket.

5 year 1.5% 5.24%
5 year 2% 5.34%
5 year 3% 5.64%
5 year 5% RDS%rate[1].5_percent_cash_back.Published(5_year,undefined,fixed_rate,undefined-undefined-undefined-undefined-undefined)(#OX2#)%%
7 year 4% 6.44%
7 year 5% RDS%rate[1].5_percent_cash_back.Published(7_year,undefined,fixed_rate,undefined-undefined-undefined-undefined-undefined)(#OX2#)%%
10 year 5% RDS%rate[1].5_percent_cash_back.Published(10_year,undefined,fixed_rate,undefined-undefined-undefined-undefined-undefined)(#OX2#)%%

Rates subject to change without notice.

Minimum amount for a Simplii Financial™ mortgage is $35,000.00. Mortgages are subject to credit approval. Some conditions and restrictions apply. 

Convertible mortgages

A short term that lets you convert to a long-term fixed rate at any time.

6 month RDS%rate[1].convertible.Published(6_month,undefined,fixed_rate,undefined-undefined-undefined-undefined-undefined)(#OX2#)%%
12 month RDS%rate[1].convertible.Published(12_month,undefined,fixed_rate,undefined-undefined-undefined-undefined-undefined)(#OX2#)%%

Rates subject to change without notice.

Discontinued mortgage products

These mortgages are no longer offered by Simplii.

 
  Starter Mortgage Fixed Plus Mortgage Fundamental Mortgage
2 year RDS%rate[1].fixed_rate.Published(2_year,undefined,fresh_cut_rate,undefined-undefined-undefined-undefined-undefined)(#OX2#)%% RDS%rate[1].fixed_rate.Published(2_year,undefined,pc_points_plus_rate,undefined-undefined-undefined-undefined-undefined)(#OX2#)%% 2.84%
3 year RDS%rate[1].fixed_rate.Published(3_year,undefined,fresh_cut_rate,undefined-undefined-undefined-undefined-undefined)(#OX2#)%% RDS%rate[1].fixed_rate.Published(3_year,undefined,pc_points_plus_rate,undefined-undefined-undefined-undefined-undefined)(#OX2#)%% 3.59%
4 year RDS%rate[1].fixed_rate.Published(4_year,undefined,fresh_cut_rate,undefined-undefined-undefined-undefined-undefined)(#OX2#)%% RDS%rate[1].fixed_rate.Published(4_year,undefined,pc_points_plus_rate,undefined-undefined-undefined-undefined-undefined)(#OX2#)%% 4.24%
5 year RDS%rate[1].fixed_rate.Published(5_year,undefined,fresh_cut_rate,undefined-undefined-undefined-undefined-undefined)(#OX2#)%% RDS%rate[1].fixed_rate.Published(5_year,undefined,pc_points_plus_rate,undefined-undefined-undefined-undefined-undefined)(#OX2#)%% 4.69%
7 year RDS%rate[1].fixed_rate.Published(7_year,undefined,fresh_cut_rate,undefined-undefined-undefined-undefined-undefined)(#OX2#)%% RDS%rate[1].fixed_rate.Published(7_year,undefined,pc_points_plus_rate,undefined-undefined-undefined-undefined-undefined)(#OX2#)%.% 5.34%
10 year RDS%rate[1].fixed_rate.Published(10_year,undefined,fresh_cut_rate,undefined-undefined-undefined-undefined-undefined)(#OX2#)%% RDS%rate[1].fixed_rate.Published(10_year,undefined,pc_points_plus_rate,undefined-undefined-undefined-undefined-undefined)(#OX2#)%% 6.20%

Rates subject to change without notice.

Prime Rate: RDS<%rate[2].treasury.Published(undefined,undefined,prime_rate,undefined-undefined-undefined-undefined-undefined)(#OX2#)%>%††

Effective date: RDS%effective[2].treasury.Published(undefined,undefined,prime_rate,undefined-undefined-undefined-undefined-undefined)(#M# #d#, #Y#)%