Mortgage Rates

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Mortgage Rates

We’ll help you choose the right combination of interest rate and term to help you reach your financial goals.

While we know that the interest rate is an important consideration, it shouldn’t be the only deciding factor. Features that allow you to pay your mortgage faster without fees or charges can be just as important when it comes to choosing the right solution for you.

An HSBC Mortgage can help make your house a home sooner.

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View our current Mortgage Offers

Special Offers
	Mortgage Rates^***	APR^*
2 year Fixed Closed	5.74%	5.82%
3 year Fixed Closed	5.44%	5.49%
5 year Fixed Closed	4.99%	5.02%
7 year Fixed Closed	5.74%	5.76%
10 year Fixed Closed	6.04%	6.06%
5 year Variable^** Closed	5.90% (HSBC Prime Rate -0.80%)	5.93%

Special Offers
	2 year Fixed Closed
Mortgage Rates^***	5.74%
APR^*	5.82%

	3 year Fixed Closed
Mortgage Rates^***	5.44%
APR^*	5.49%

	5 year Fixed Closed
Mortgage Rates^***	4.99%
APR^*	5.02%

	7 year Fixed Closed
Mortgage Rates^***	5.74%
APR^*	5.76%

	10 year Fixed Closed
Mortgage Rates^***	6.04%
APR^*	6.06%

	5 year Variable^** Closed
Mortgage Rates^***	5.90% (HSBC Prime Rate -0.80%)
APR^*	5.93%

Applications are subject to credit review and approval. A higher interest rate may apply in circumstances, but not limited to:

The property is not owner-occupied;
The amortization is greater than 25 years;
The debt service ratios exceed HSBC’s standard lending guidelines.

Home Equity Line of Credit Special Offers
	Mortgage Rates^***
Home Equity Line of Credit^****	6.70% HSBC Prime Rate + 0.00%

Home Equity Line of Credit Special Offers
	Home Equity Line of Credit^****
Mortgage Rates^***	6.70% HSBC Prime Rate + 0.00%

Offer is available to all new HSBC Home Equity Line of Credit applications that start between October 3, 2022 to June 4, 2023; subject to credit approval.

The HSBC Premier advantage

HSBC Premier customers can take advantage of our mortgages in addition to the benefits of HSBC Premier¹, a leading banking solution that gives you access to unlimited day-to-day banking² and exclusive worldwide benefits.

HSBC Premier eligibility

To qualify for an HSBC Premier mortgage you must have an active HSBC Premier chequing account. The monthly fee of $34.95 is waived when you maintain:

1. Personal deposits & investments totalling $100,000 or more; or

2. Hold a personal mortgage with an original amount of $500,000 or greater;

OR achieve the thresholds noted in points 1 and 2 above by combining you and your spouse or common law partner’s balances through our Household Qualification Program. OR

3. $6,500 minimum monthly income deposits; or

4. You qualify for HSBC Premier in another country

Discover all the advantages of HSBC Premier

The HSBC Premier advantage

HSBC Premier customers can take advantage of our mortgages in addition to the benefits of HSBC Premier¹, a leading banking solution that gives you access to unlimited day-to-day banking² and exclusive worldwide benefits.

HSBC Premier eligibility

To qualify for an HSBC Premier mortgage you must have an active HSBC Premier chequing account. The monthly fee of $34.95 is waived when you maintain:

1. Personal deposits & investments totalling $100,000 or more; or

2. Hold a personal mortgage with an original amount of $500,000 or greater;

OR achieve the thresholds noted in points 1 and 2 above by combining you and your spouse or common law partner’s balances through our Household Qualification Program. OR

3. $6,500 minimum monthly income deposits; or

4. You qualify for HSBC Premier in another country

Discover all the advantages of HSBC Premier

Together, We Advance

Our HSBC Advance customers can access our Mortgage solutions in combination with HSBC Advance³. With our online and mobile banking services, you’ll have access and control of your money wherever you need it, wherever you are.

Advance account holders enjoy exclusive interest rate discounts as well as access to the support and tools you need to control your debt, manage your cash flow and credit, and begin to build your savings – so you can make the most of what you have, today and tomorrow.

HSBC Advance eligibility

To qualify for the HSBC Advance mortgage, you’ll need an active HSBC Advance chequing account and:

Maintain combined personal deposits and investments of $5,000 or more with us, or
Hold a personal residential mortgage with original amount of $150,000 or more with us

The $25 monthly chequing account fee is waived when you meet one of the conditions above.

Discover all the advantages of HSBC Advance

Posted Fixed Rate Open Mortgages
Term	Rate
6 months	8.75%
1 year	7.25%

Posted Fixed Rate Open Mortgages
Term	6 months
Rate	8.75%

Term	1 year
Rate	7.25%

Posted Fixed Rate Closed Mortgages
Term	Rate
6 months	6.54%
1 year	6.49%
2 year	6.09%
3 year	6.14%
4 year	6.34%
5 year	6.39%
7 year	6.14%
10 year	6.49%

Posted Fixed Rate Closed Mortgages
Term	6 months
Rate	6.54%

Term	1 year
Rate	6.49%

Term	2 year
Rate	6.09%

Term	3 year
Rate	6.14%

Term	4 year
Rate	6.34%

Term	5 year
Rate	6.39%

Term	7 year
Rate	6.14%

Term	10 year
Rate	6.49%

Posted Variable Rate Open Mortgages^**
Term	Rate
3 year	10.00%

Posted Variable Rate Open Mortgages^**
Term	3 year
Rate	10.00%

Posted Variable Rate Closed Mortgages^**
Term	Rate
5 year	6.90%

Posted Variable Rate Closed Mortgages^**
Term	5 year
Rate	6.90%

Prime Rate / US Base Rate
Term	Prime Rate	US Base Rate
Rate per annum	6.70%	8.75%

Prime Rate / US Base Rate
Term	Rate per annum
Prime Rate	6.70%
US Base Rate	8.75%

Building the right mortgage

Create your own mortgage solution by combining a term and interest rate that result in the right combination of features for your financial goals.

Choosing the right mortgage term

Mortgage terms vary so that you can take advantages of opportunities that align with your current financial circumstances. There are advantages to both short- and long-term commitments. We’ll help you make the right choice.
Term	Advantages	Considerations
Short	Shorter terms typically have lower rates. You have the option to renew your mortgage more often, taking advantage if interest rates decline.	You could find yourself having to renew your mortgage at a higher rate if interest rates increase. Short-term mortgages are advantageous if you foresee the opportunity to pay off your entire balance in the near future.
Long	Longer terms provide predictability and stability.	Committing to an interest rate for a long period of time may make it more difficult for you to obtain a lower rate if rates drop over time.

Mortgage terms vary so that you can take advantages of opportunities that align with your current financial circumstances. There are advantages to both short- and long-term commitments. We’ll help you make the right choice.
Term	Short
Advantages	Shorter terms typically have lower rates. You have the option to renew your mortgage more often, taking advantage if interest rates decline.
Considerations	You could find yourself having to renew your mortgage at a higher rate if interest rates increase. Short-term mortgages are advantageous if you foresee the opportunity to pay off your entire balance in the near future.

Term	Long
Advantages	Longer terms provide predictability and stability.
Considerations	Committing to an interest rate for a long period of time may make it more difficult for you to obtain a lower rate if rates drop over time.

Fixed or variable interest rates

Once you’ve decided on a short or long term, the next step is to weigh the advantages of fixed and variable interest rates.
Rate	Advantages	Considerations
Fixed	Your payments will be the same every month. The amount of your payment applied to principal and interest will follow a pre-determined schedule.	Fixed interest rate mortgages are ideal for homeowners who want predictable payments without the need to monitor interest rates.
Variable	Variable interest rates have traditionally lowered the cost of home ownership when rates are low and not fluctuating.	If you are concerned that interest rates will rise quickly, you may consider a variable interest rate mortgage that can be converted to a fixed rate at any time within your current term.

Once you’ve decided on a short or long term, the next step is to weigh the advantages of fixed and variable interest rates.
Rate	Fixed
Advantages	Your payments will be the same every month. The amount of your payment applied to principal and interest will follow a pre-determined schedule.
Considerations	Fixed interest rate mortgages are ideal for homeowners who want predictable payments without the need to monitor interest rates.

Rate	Variable
Advantages	Variable interest rates have traditionally lowered the cost of home ownership when rates are low and not fluctuating.
Considerations	If you are concerned that interest rates will rise quickly, you may consider a variable interest rate mortgage that can be converted to a fixed rate at any time within your current term.

How to apply

You are at least the age of majority, 18 or 19 years of age depending on your province of residence.
You are a Canadian resident.
You will be asked to provide personal details and gross annual income (pre-tax).
You will be asked to consent to us obtaining your credit report.
If you are applying for a joint loan, the co-applicant must complete the application. If there is more than one co-applicant, please call us to proceed at 1-866-609-4722.
All mortgages are subject to standard credit approval.

Get prequalified

In a few simple steps, learn how much of a mortgage you may qualify for with the HSBC Mortgage Prequalification Calculator.

Learn more

Get prequalified

Need to talk?

Call: 1-866-609-4722

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Rates are subject to change without notice and are applicable to First Mortgages only. For information and to confirm most recent rates, please contact any HSBC branch. Some restrictions apply.

^† The variable rate is equal to HSBC Prime Rate -1.20%. The rate will change as HSBC's Prime Rate changes. Some restrictions apply. Rate is only available for high ratio residential mortgages with default insurance, a higher interest rate may apply for non-owner-occupied properties, amortizations greater than 25 years, and exceptions to HSBC's standard lending guidelines. Applications are subject to credit approval.

^†† 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. HSBC High Ratio Mortgage Rate Terms and Conditions.

* The annual percentage rate (APR) is based on a $200,000 mortgage for the applicable term assuming a property valuation fee of $300. 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. Rate is only available for 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. Applications are subject to credit approval.

** Actual rate will vary depending on fluctuations to HSBC Prime Rate.

*** Rates are only available for 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. Rates apply to traditional and Equity Power Mortgages.

**** The interest rate on the HSBC Home Equity Line of Credit (the HSBC HELOC) will change with HSBC Prime. Rates are subject to change without notice. As of January 26, 2023, HSBC Prime Rate is 6.70%. The HSBC HELOC is accessed through a HSBC Chequing account. HSBC Chequing account service charges may apply. Applicable service charges can be found in the Personal Service Charges/Statement of Disclosure. The HSBC HELOC is secured with a registered collateral mortgage against your principal residence. The available limit will depend on the value of your property and any prior charges or liens. An appraisal fee of $300 per valuation may apply. Offer is available to all new HSBC HELOC applications that start between October 3, 2022 to June 4, 2023; subject to credit approval.

¹HSBC Premier requires you to have an active HSBC Premier chequing account, and either (i) personal deposits & investments totalling $100,000 or more; or (ii) hold a personal mortgage with an original amount of $500,000 or greater; or (iii) $6,500 minimum monthly income deposits; or (iv) you qualify for HSBC Premier in another country, OR achieve the thresholds noted in points (i) and (ii) above by combining you and your spouse or common law partner’s balances through our Household Qualification Program.

Some exclusions apply. A monthly fee will be charged if you do not meet at least one of the eligibility criteria above. For full details regarding eligibility and any fees which may apply please refer to the Personal Service Charges Statement of Disclosure.

²Unlimited day-to-day banking includes cheques, withdrawals and deposits at HSBC Branches and ATMs in Canada, HSBC telephone and mobile banking (Canada), withdrawals at more than 2,500 ATMs on THE EXCHANGE®Network and Interac® debit purchases at retailers across Canada.

³HSBC Advance requires you to have an active HSBC Advance chequing account, and either (i) maintain combined personal deposits and investments with HSBC Bank Canada and its subsidiaries of $5,000 or more, or (ii) hold personal HSBC Bank Canada residential mortgage with original amount of $150,000 or more. Some exclusions apply. A monthly fee will be charged if you do not meet at least one of the conditions above. For full details regarding any fees which may apply please refer to the Personal Service Charges Statement of Disclosure.

Special Offers

Special Offers

Home Equity Line of Credit Special Offers

Home Equity Line of Credit Special Offers

The HSBC Premier advantage

HSBC Premier customers can take advantage of our mortgages in addition to the benefits of HSBC Premier1, a leading banking solution that gives you access to unlimited day-to-day banking2 and exclusive worldwide benefits.

HSBC Premier eligibility

To qualify for an HSBC Premier mortgage you must have an active HSBC Premier chequing account. The monthly fee of $34.95 is waived when you maintain:

Together, We Advance

HSBC Advance eligibility

HSBC Premier Mortgage

HSBC Advance Mortgage

Posted Fixed Rate Open Mortgages

Posted Fixed Rate Open Mortgages

Posted Fixed Rate Closed Mortgages

Posted Fixed Rate Closed Mortgages

Posted Variable Rate Open Mortgages**

Posted Variable Rate Open Mortgages**

Posted Variable Rate Closed Mortgages**

Posted Variable Rate Closed Mortgages**

Prime Rate / US Base Rate

Prime Rate / US Base Rate

Building the right mortgage

Choosing the right mortgage term

Fixed or variable interest rates

How to apply

What you need to know before applying

Get prequalified

Need to talk?

Come see us

Legal Disclaimers

Connect with us

HSBC Premier customers can take advantage of our mortgages in addition to the benefits of HSBC Premier¹, a leading banking solution that gives you access to unlimited day-to-day banking² and exclusive worldwide benefits.

Posted Variable Rate Open Mortgages^**

Posted Variable Rate Open Mortgages^**

Posted Variable Rate Closed Mortgages^**

Posted Variable Rate Closed Mortgages^**