Our best mortgage offers
Want more with your mortgage? Explore our featured fixed and variable mortgage rates, and get waived fees if you switch your mortgage to ATB.
Talk to an expertSwitch to ATB offer
Get up to $1,500 waived in switching fees when you move your mortgage to ATB*.
Featured mortgage rates
| Term | Residential Mortgage | Rate First Residential Mortgage |
|---|---|---|
| 5 Year High Ratio | 4.19% | 4.09% |
| 5 Year Conventional | 4.54% | 4.44% |
| 5 Year Variable High Ratio | 3.65% | N/A |
| 5 Year Variable | 3.95% | N/A |
The difference between a high ratio and conventional mortgage lies in the down payment amount and the requirement for mortgage default insurance.
A high ratio mortgage requires a down payment of less than 20% of the home's purchase price (between 5% and 19.99%). In Canada, it's mandatory to purchase mortgage default insurance for high ratio mortgages.
A conventional mortgage requires a down payment of 20% or more of the home's purchase price. Mortgage default insurance is not typical for conventional mortgages.
An ATB Residential Mortgage provides flexible terms from 6 months to 7 years, with both fixed and variable rate options. You can make lump sum payments and increase payments of up to 20% of the original mortgage amount per year. With this mortgage, you have the ability to skip payments and refinance.
An ATB Rate First Residential Mortgage is our lowest rate mortgage, for a 5-year fixed term. You can make lump sum payments and increase payments of up to 10% of the original mortgage amount per year. With this mortgage, skipped payments and refinancings are not offered.
Get started on your next move.
Payment frequency
Change your mortgage payment frequency (bi-weekly to semi-monthly, for example) with 4 days notice.
Increase payments
Increase your payments any time depending on the type of the mortgage you selected.
Lump sum payments
Make a lump sum payment of a certain percentage each year, depending on your mortgage type.
*Switch Fees Terms & Conditions
Switch fees will be covered when you move your mortgage to ATB as a straight transfer in. This offer is available for mortgage loans that are transferred to ATB from another financial institution. No additional funds or change to amortization is allowed. Available equity may be accessed under a second mortgage product. Mortgage loans must be funded within 120 days of application date. Switch fees will be covered up to $1000.00. Allowable fees include: First Canadian Title registration fees and up to $500 in appraisal fees charged by an ATB accredited appraiser. ATB will not cover fees associated with changing names on title, private registration discharges, remote or virtual signing, interest penalties, prepayment charges or administration fees.
Mortgage value of $200K or more is required. This offer is limited to personal clients and residential switch mortgages on owner-occupied residential dwellings only. Non-personal clients, commercial/investment properties, and properties not owner-occupied are excluded. Offer is only available through select ATB channels.