Capped-Rate Mortgage

The Capped-Rate Mortgage offers a low short-term rate along with long-term security.

The applicable interest rate is variable and adjusted each month according the 1-month rate + 0.65%. However, if rates are up at the time of the next adjustment, you never pay more than your initial capped rate. Your capped-rate (maximal rate) is determined according the 5-year term at the signature. You always benefit from the best rate: the prime rate or the capped rate. You can count on both security and significant savings.

Take advantage of convenient payment terms

• Closed, 5-year term.
• 1-month rate¹ + 0.65% .
• The capped rate is the 5-year rate at the commitment date¹ .
• If the capped rate is reached and then rates decline, you'll benefit of the drop at the next adjustment.
• If the capped rate is reached and rates continue to rise, you're protected with our Capped-Rate Mortgage.
• Fixed payment : this 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 or disability insurance to your mortgage. For your convenience, the premiums are debited automatically from your account.

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