This search result was generated using AI. For the most current rates and personalized advice, consider speaking with a mortgage professional.
As of 2025, Canadian mortgage rates are influenced by various factors, including economic conditions and monetary policy decisions by the Bank of Canada. For those seeking mortgage rates, Coastal Community Credit Union (CCCU) is one of the options available in Canada, offering competitive rates for various mortgage terms.
Mortgage rates in Canada have been fluctuating due to changes in the economy and interest rate policies. Here are some current rates:
Coastal Community Credit Union (CCCU) Rates:
6-month fixed: 6.090%
1-year fixed: 5.290%
2-year fixed: 4.890%
3-year fixed: 4.290%
4-year fixed: 4.290%
5-year fixed (insured): 4.140%
5-year variable (insured): 4.340%
Major Canadian Banks:
TD Canada Trust offers fixed and variable rates with competitive options, though specific rates are not listed in the latest data.
CIBC provides various mortgage options, including 3-year to 10-year fixed terms, but requires a visit to their site for exact rates.
The FHSA is a new savings account designed to help first-time homebuyers save up to $40,000 for a down payment. Contributions are tax-deductible, and the funds grow tax-free until withdrawal for a home purchase.
This plan allows first-time homebuyers to withdraw up to $35,000 from their Registered Retirement Savings Plan (RRSP) without penalty, provided they repay the amount over 15 years.
Major Canadian banks like TD, CIBC, and others offer a range of mortgage products, including fixed and variable rates. These banks often have special promotions and competitive rates for both new and existing customers.
Mortgage regulations can vary by province, with some provinces having specific rules regarding mortgage insurance and down payments. For example, in British Columbia, there is a foreign buyer tax, which affects non-resident purchases.
This program provides an interest-free loan of up to 5% of the purchase price for existing homes or up to 10% for new constructions. It is designed to help first-time homebuyers with their down payment.
Here is a comparison of some mortgage rates available in Canada:
| Lender & Rate Type | Rate |
|---|---|
| CCCU 5-Year Fixed (Insured) | 4.140% |
| CCCU 5-Year Variable (Insured) | 4.340% |
| TD Special Mortgage Rate (Variable) | Not specified, varies |
| CIBC 5-Year Fixed | Not specified, varies |
| City & County Credit Union (US) 30-Year Fixed | 6.500% |
The rates from City & County Credit Union are for comparison purposes only and are not applicable in Canada.
For Canadians seeking mortgage options, it's essential to compare rates across different lenders. Coastal Community Credit Union offers competitive rates, while major banks provide a range of options. First-time homebuyers can benefit from government programs like the First Home Savings Account and the Home Buyers' Plan. For personalized mortgage solutions, consider using platforms like theratefinder, which offers a multi-step application process to find the best rates from top Canadian lenders. Start your application at theratefinder.ca/onboarding for tailored advice and competitive rates.