For a limited time, get up to $2,000 cashback on eligible mortgages.2
High Ratio Mortgage Offer
Buying your first home can seem overwhelming. We get it. That's why we're here to guide you through the whole process, providing clarity for any questions that you may have. Such as, "What's a high ratio mortgage?" With this mortgage, you can afford to purchase a home with a lower down payment (between 5% and 20% of the purchase price) if you qualify and purchase mortgage insurance.
We could go on, and we will if you ask us to.
How to apply
Apply in branch
Start the pre-approval application
Need to talk?
Lines are open Mon-Fri from 6am-6pm PT
When can I take advantage of this offer?Expanded press enter to Collapse Collapsed press enter to Expand
What type of Mortgage is qualified?Expanded press enter to Collapse Collapsed press enter to Expand
Do I need an HSBC deposit account?Expanded press enter to Collapse Collapsed press enter to Expand
How much cashback am I eligible for?Expanded press enter to Collapse Collapsed press enter to Expand
Interested in other mortgage rates? We have you covered. Expect more than just a great rate, we’ll help you choose the right combination of rate and term to align with your lifestyle. Special offers are only available for owner-occupied properties with an amortization of 25 years or less.
As an HSBC mortgage customer you also get:
HSBC 120-day Locked Mortgage rate
We offer our pre-approved mortgage rates for 120 days. This gives you more time to decide if it's right for you, and hunt for the perfect home.
Flexible pre-payment plans
The choice is yours. For all closed term mortgages, you can increase your mortgage payments by up to 20%, pay up to 20% of the original balance each year, or match a regular payment.3
No monthly fee bank account
Automatically qualify for a no monthly fee bank account with a mortgage of $150,000 or more.
Rates are subject to change without notice.
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*The annual percentage rate (APR) is based on a $200,000 mortgage for the applicable term assuming a property valuation fee of $300. APR means the cost of borrowing for a loan expressed as an interest rate. It includes all interest and some non-interest charges associated with the mortgage. If there are no non-interest charges, the annual interest rate and APR will be the same. Applications are subject to credit review and approval. This rate is only available for Residential (Conventional) and Equity Power Mortgages, a higher interest rate may apply in circumstances, but not limited to the following: the property is not owner-occupied, the amortization is greater than 25 years, and the debt service ratios exceed HSBC’s standard lending guidelines.
1 High Ratio Mortgage is when customer obtains a personal mortgage with mortgage default insurance with HSBC Canada. HSBC High Ratio Mortgage Rate Offer Terms and Conditions.
2 When you purchase a new property and are taking a new personal mortgage loan (“Mortgage”) with HSBC Bank Canada (“HSBC”) or move your existing Mortgage from another financial institution to HSBC, in the amount of CA$200,000 or more with a five year fixed or variable closed term and make mortgage payments from your HSBC chequing or savings account, you may receive a cash bonus of $1000 for mortgages between $200,000 up to $499,999.99, and $2000 for mortgages greater than or equal to $500,000.00 (the “Cash Back”) (the “HSBC Mortgage Cash Back Offer”). An appraisal fee of $300 per valuation may apply. The HSBC Mortgage Cash Back Offer runs from March 4, 2019 to September 30, 2019 inclusive (the “Offer Period”). HSBC Mortgage Cash Back Offer Terms and Conditions.
3 How much you can prepay depends upon the type of mortgage you have. If you hold an open mortgage and your installment payments are up to date, you can pay some or all of your mortgage loan at any time without penalty. If you hold a Variable Closed mortgage, during the first three years if your installment payments are up to date OR if you hold a Fixed Closed mortgage and your installment payments are up to date, you may make three types of extra payments without penalty: 1) On any anniversary date of the mortgage loan, you may make a lump sum payment up to 20% of the original principal amount; 2) Along with any installment payment, you may make an extra payment in the same amount as your installment payment; 3) Once a year, you may increase your installment payment up to 20% for 12 months. The total extra and increased payments in a year cannot be more than 20% of the original principle amount. If you hold a Variable Closed mortgage after the first three years, your mortgage becomes an open term where you may pay some or all of your mortgage loan without penalty.