Today's best rates

3.09%

(3.12% APR)*

 

5 year fixed closed term mortgage rate

Today's best rates

2.74%

(2.74% APR)*

 

5 year fixed closed term mortgage rate on a high ratio mortgage1

Mortgage offers

2.99%

(3.02% APR)*

 

5 year fixed closed term mortgage switch rate2 or purchase3 rate

Mortgage offers

2.94%

(2.97% APR)*

 

5 year variable** closed term mortgage switch rate2 or purchase3 rate

For a limited time, get up to $2,000 cashback on eligible mortgages.5

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.

Get started today

Call 1-866-609-4722

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Cashback offer details

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%, or pay up to 20% of the original balance each year, or match a regular payment.6

No monthly fee bank account

Automatically qualify for a no monthly fee bank account with a mortgage of $150,000 or more.

 

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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. This rate is only available for Residential (Conventional) and Equity Power Mortgages of owner-occupied properties with an amortization of 25 years or less. Rates are subject to change without notice.

** The variable rate is equal to HSBC Prime Rate - 1.01%. 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.

High Ratio Mortgage is when customer obtains a personal mortgage with mortgage default insurance with HSBC Canada. For full terms and conditions click here.

When you transfer a personal mortgage loan ("Mortgage") to HSBC Bank Canada ("HSBC"). For full terms and conditions click here

3 When you purchase a property and obtain a personal mortgage loan ("Mortgage") with HSBC Bank Canada ("HSBC"). For full terms and conditions click here.

4 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.

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 $1,000 for mortgages between $200,000 up to $499,999.99, and $2,000 for mortgages greater than or equal to $500,000 (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”). For full terms and conditions click here.

6 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.