*Rates subject to change without notice. Terms and conditions apply, subject to approval. 

*The Annual Percentage Rate for a representative mortgage of $200,000 which has an appraisal fee of $450 and lawyer’s fees estimated at $1,400 with interest compounded semi-annually not in advance, with an interest rate of 3.99%, with a 60 month term which will be repaid in 300 months with payments of $1,050.96 per month. Cost of borrowing for this duration with no altered payments is $37,134.96.

**Interest rate will revert to contract rate after two year period.

• Select a fixed payment frequency of your choice
• Finance up to 95% of the value of your home purchase
• Access up to 80% of the equity in your current home
• Choose from closed term options of 6 months to 5 years or a 1 year open term
• Prepay up to 20% of your original balance annually on the anniversary date
• Increase your payments by up to 100% at any time during the term 

• Interest rates fluctuate with Prime Rate changes
• If rates decrease, more of your regular payment is applied to your principal
• Ability to convert into fixed rate term at any time, without paying a penalty
• Finance for up to 95% of the value of your home purchase
• Access up to 80% of the equity in your current home

• 5 year term available
• Interest rates fluctuate with Prime Rate changes
• Increase payments by up to 100% any time during the term
• Prepay up to 10% of your original balance annually on the anniversary date
• Ability to convert into fixed rate term at any time, without paying a penalty (some conditions apply)
• Finance for up to 95% of the value of your home purchase
• Access up to 80% of the equity in your current home

• Borrow up to 65% of your home’s value
• Interest rates fluctuate with Prime Rate changes
• Finance a home reno, your kids’ education, or any other big purchase
• Pay off the line of credit at any time and use it again without having to re-apply
• Pay lower interest rates than with credit cards or other loans

• Loan advances for different construction stages
• Only pay interest on advanced loan amounts
• Interest-only payments while your home is built
• Minimum 25% down payment
• Open or closed terms at competitive fixed or variable rates
• Amortizations of up to 25 years

• Loan amounts starting at $3,500
• Prime + 0.75%*
• Terms up to 10 years

Eligible Upgrades

• Insulation
• Energy efficient windows and doors
• Heat pumps and energy efficient furnaces
• Solar panels

Want to make sure your project qualifies?

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• Loan amounts starting at $5,000
• Borrow up to 65% of your home's equity
• Up to 0.75% off posted mortgage rates* 

Find more rebates and offers

Check out provincial and national green incentive programs

• CleanBC Better Homes
• FortisBC
• BC Hydro
• Province of BC
• CMHC Eco Plus

When you apply for a mortgage, we’ll book an appointment with you to review your situation and go over your options.

In your appointment, you’ll need to provide:

• Proof of income, like a T4 or recent paystub if you’re a salaried employee. If you’re a seasonal employee, business owner or self-employed, you’ll need to provide T1 General Tax Returns and other tax documents.
• Details on your home purchase, like a Purchase Agreement or a Realtor Spec Sheet
• Information about your assets, including investment statements and a list of all the property and assets you own
• Your total outstanding debts, including credit card, loan, mortgage and line of credit balances

When shopping around for a mortgage, you’ll need to consider:

• How long you want your amortization period to be: This is the total length of time it will take to pay off the balance in full.
• Open or closed: Open mortgages allow you to pay back your mortgage in full at any time; closed options have more limits on how much principal you can pay back and when
• Fixed or variable: You might choose fixed if you prefer a set interest rate for the full length of the term, but variable could be a good option if you’re comfortable letting your mortgage float with interest rates.
• Options for payment increases and making extra payments
• Penalties for paying off your mortgage early

Find out more about the different types of mortgages available and key terms that you’ll encounter in your mortgage journey.

Learn more

The RRSP and FHSA are two of the top tools for saving a down payment.    

• Use up to $35,000 of your RRSP savings (or $70,000 for a couple) to help finance your down payment on a home 
• To qualify, the RRSP funds you're using must have been deposited at least 90 days prior 
• Under the Home Buyers’ Plan (HBP), you must be considered a first-time buyer, and intend to occupy the home as your principal residence within one year after buying or building it  
• The First Home Savings Account (FHSA) is a registered plan to save for your first home tax-free  
• You can save up to $40,000 in an FHSA and contribute up to $8,000 per year, with unused contribution room carrying forward 
   

Find out more about financing a down payment and get tips on qualifying for a mortgage faster.  

Learn more