Choose a mortgage you can manage, so it doesn't end up managing you.
Whether you're buying a home for the first time, moving homes, or buying a vacation home, you need a mortgage that fits—and a mortgage you feel confident about.
With ATB's Clear-Cut Mortgage Rates, what you see is what you get. That's because we've stopped the common practice of posting inflated mortgage rates. You can say goodbye to negotiating and guessing—you can find the real, current rates on this page, every day.
Learn why Clear-Cut Mortgage Rates are good for you now—and even better down the line
|Closed fixed-rate mortgages|
Choose a fixed-rate mortgage when you want the security and stability of knowing exactly what your payments will be, and how much of the mortgage will remain at the end of your term.
||Enjoy consistent payments over a term that you select.
||Get up to $20,000 back. Use the cash to cover moving costs, closing fees, or new furniture.
||Make the same payments for the entire 5-year term.
||Take advantage of a low interest rate while maintaining some flexibility with pre-payment options.|
||6 months to 7 years
||5 or 7 years
||5 or 7 years|
||Today's best rate1
||5-year rate: 5.34%1
7-year rate: 5.99%1
||5-year rate: |
7-year rate: 4.44%1
||Reduce your mortgage principal to save on interest payments without incurring mortgage breakage fees. You can make lump-sum payments during each calendar year up to an annual maximum of 20% of the mortgage principal, and/or choose to increase remaining mortgage payments by up to 20%.
||Make lump-sum payments up to an annual maximum of 10% of the mortgage principal, and/or increase remaining mortgage payments by up to 10%.|
|Open fixed-rate mortgages|
Choose an open fixed-rate mortgage when you want the security and stability of a fixed-rate mortgage with the flexibility to pay off your mortgage at any time without penalty.
||Enjoy fixed-rate stability with the flexibility to pay the mortgage in full or to make additional payments at any time without penalty.|
||6 months to 2 years|
||Today's best rate1 |
Choose a variable-rate mortgage if you are comfortable trading the peace of mind that comes with a fixed rate for the potential interest savings of a variable rate. With a variable-rate mortgage, interest rates fluctuate with the prime lending rate while your payment amount remains consistent over the term of the mortgage. If rates go down, a larger portion of the payment is applied to your mortgage principal, which means you could pay down your mortgage faster and save on interest payments.
||Save money by taking advantage of the low prime rate. Have the option to lock in a fixed rate during the term.
||Enjoy variable-rate advantages with the flexibility to convert to another term at any time.|
||6 months to 2 years |
||Today's best rate3 |
||You can make lump-sum payments during each calendar year up to an annual maximum of 20% of the mortgage principal, and/or choose to increase remaining mortgage payments by up to 20%.
||You can pay the mortgage in full or make an additional payment at any time without penalty.|
Get more information on mortgages from the Financial Consumer Agency of Canada