Capped-Rate Mortgage

The Capped-Rate Mortgage combines a low short-term interest rate with long-term interest rate security.

Your capped-rate (maximal rate) is the 5-year term rate that is in effect at time of signing. Your interest rate varies on a monthly basis and is calculated as follows: prime + 0.25%.

The prime rate may go up but you'll never pay more than the capped rate that was in effect at time of signing. This provides you with both security and significant savings.

Take advantage of these convenient features

• Closed, 5-year term
• Prime¹+ 0.25%
• The capped rate is the 5-year rate at time of signing¹
• If the capped rate is reached and rates continue to rise, your rate will stay at the capped rate
• If the capped rate is reached but then rates drop, your rate will drop next month
• Fixed payment option:  facilitates budget planning and allows for a larger payment on principal. The fixed payment amount may be revised if it no longer covers current interest expenses.

Opt for comprehensive coverage ²

If you wish, you can add life, critical illness³ and/or disability insurance to your mortgage. For your convenience, the premiums are debited automatically from your account.

View our current rates