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0.99% APR* 5 year variable closed term high ratio mortgage.1

Get one of Canada's lowest mortgage rates

Purchasing a new home?

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 down payment of less than 20% of the purchase price if you qualify and purchase mortgage insurance.

We could go on, and we will if you ask us to.

HSBC High Ratio Mortgage Rate Offer Details

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.

How to apply

Start the pre-approval application2

Apply in branch

Need to talk?

Call: 1-866-609-4722

Lines are open Mon-Fri from 6am-6pm PT

Please be patient as we experience high caller volumes.

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.

Issued by HSBC Bank Canada for persons in Canada.

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 with the appraisal fee of $300 waived. APR 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. The variable rate is equal to HSBC Prime Rate -1.46%. The rate will change as HSBC's Prime Rate changes. Rates are subject to change without notice. For information and to confirm most recent rates, please contact any HSBC branch. Mortgage Rates above are applicable to First Mortgages only. Some restrictions apply.

1 A High Ratio Mortgage is a personal mortgage with a down payment of less than 20% of the purchase price. Applications are subject to credit approval. Rate displayed includes a 0.40% discount off our Special Offer rate and is only available for high ratio residential mortgages. A higher interest rate may apply for non-owner-occupied properties, amortizations greater than 25 years, and exceptions to HSBC's standard lending guidelines. HSBC High Ratio Mortgage Rate Offer Terms and Conditions.

2 Mortgage pre-approval is available for a maximum mortgage amount of $1,000,000 CAD and applies to Traditional (Residential) or Equity Power Secured mortgages. Funds can be used for the purchase, or refinance from another financial institution. Owner occupied principal residence only. Single or multiple home owner applicants are allowed. Applies to single family dwelling and condominium/strata units only (excluding leaseholds and cooperatives). Application may be sole or joint applications (spousal or non-spousal) with a maximum of 2 applicants.

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.

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