Mortgage Rates | HSBC Canada

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
	HSBC Premier customers^***	HSBC Advance customers^***	Personal rates^***
2 year Fixed Closed	3.24%	3.24%	3.24%
5 year Fixed Closed	3.24%	3.24%	3.24%
7 year Fixed Closed	3.59%	3.59%	3.59%
5 year Variable^** Closed	3.19% (HSBC Prime Rate - 0.76%)	3.19% (HSBC Prime Rate - 0.76%)	3.19% (HSBC Prime Rate - 0.76%)

Special Offers
	2 year Fixed Closed
HSBC Premier customers^***	3.24%
HSBC Advance customers^***	3.24%
Personal rates^***	3.24%

	5 year Fixed Closed
HSBC Premier customers^***	3.24%
HSBC Advance customers^***	3.24%
Personal rates^***	3.24%

	7 year Fixed Closed
HSBC Premier customers^***	3.59%
HSBC Advance customers^***	3.59%
Personal rates^***	3.59%

	5 year Variable^** Closed
HSBC Premier customers^***	3.19% (HSBC Prime Rate - 0.76%)
HSBC Advance customers^***	3.19% (HSBC Prime Rate - 0.76%)
Personal rates^***	3.19% (HSBC Prime Rate - 0.76%)

Special offers are only available for owner-occupied properties with an amortization of 25 years or less.

Home Equity Line of Credit Special Offers
	HSBC Premier customers	HSBC Advance customers	Personal rates
Home Equity Line of Credit^****	3.95% (HSBC Prime Rate + 0.00%)	3.95% (HSBC Prime Rate + 0.00%)	3.95% (HSBC Prime Rate + 0.00%)

Home Equity Line of Credit Special Offers
	Home Equity Line of Credit^****
HSBC Premier customers	3.95% (HSBC Prime Rate + 0.00%)
HSBC Advance customers	3.95% (HSBC Prime Rate + 0.00%)
Personal rates	3.95% (HSBC Prime Rate + 0.00%)

The Premier Advantage

Our HSBC Premier customers can access our Mortgage solutions in combination with HSBC Premier¹, a world-class banking solution that provides you with unlimited day-to-day banking² and exclusive global benefits.

HSBC Premier eligibility

You can qualify for the HSBC Premier mortgage by:

Have an active Premier chequing account, and
Maintain a $100,000 (CAD) balance in combined personal deposits and investments with HSBC Bank Canada, or
Reach a Total Mortgage Balance of $500,000 (CAD) or more, or
Deposit $6,500 (CAD) or more to your HSBC Premier account(s) plus confirmation of $100,000 or more in deposits and/or investments in Canada

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 mobie 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 with HSBC Bank Canada and its subsidiaries of $5,000, or
Hold personal HSBC residential mortgage balances of $150,000 or greater

A monthly fee of $25 .00 will be incurred if the minimum balance requirements are not maintained.

Discover all the advantages of HSBC Advance

Posted Fixed Rate Mortgages

Open Term Mortgages
Open Term	Rate
6 months	7.10%
1 year	6.35%

Open Term Mortgages
Open Term	6 months
Rate	7.10%

Open Term	1 year
Rate	6.35%

Closed Term Mortgages
Closed Term	Rate
6 months	3.19%
1 year	3.29%
2 year	3.49%
3 year	3.69%
4 year	4.29%
5 year	5.04%
7 year	5.64%
10 year	6.24%

Closed Term Mortgages
Closed Term	6 months
Rate	3.19%

Closed Term	1 year
Rate	3.29%

Closed Term	2 year
Rate	3.49%

Closed Term	3 year
Rate	3.69%

Closed Term	4 year
Rate	4.29%

Closed Term	5 year
Rate	5.04%

Closed Term	7 year
Rate	5.64%

Closed Term	10 year
Rate	6.24%

Posted Variable Rate Mortgages^**

Open Term Variable Rate Mortgages
Open Term	Rate
3 year	5.45%

Open Term Variable Rate Mortgages
Open Term	3 year
Rate	5.45%

Closed Term Variable Rate Mortgages
Closed Term	Rate
5 year	4.05%

Closed Term Variable Rate Mortgages
Closed Term	5 year
Rate	4.05%

Prime Rate / US Base Rate
Term	Prime Rate	US Base Rate
Rate per annum	3.95%	6.00%

Prime Rate / US Base Rate
Term	Rate per annum
Prime Rate	3.95%
US Base Rate	6.00%

APR^*
Term	HSBC Premier	HSBC Advance	Personal rates
2 year Fixed Closed	3.32% APR^*	3.32% APR^*	3.32% APR^*
5 year Fixed Closed	3.27% APR^*	3.27% APR^*	3.27% APR^*
7 year Fixed Closed	3.61% APR^*	3.61% APR^*	3.61% APR^*
5 year Variable** Closed	3.22% APR^*	3.22% APR^*	3.22% APR^*

APR^*
Term	2 year Fixed Closed
HSBC Premier	3.32% APR^*
HSBC Advance	3.32% APR^*
Personal rates	3.32% APR^*

Term	5 year Fixed Closed
HSBC Premier	3.27% APR^*
HSBC Advance	3.27% APR^*
Personal rates	3.27% APR^*

Term	7 year Fixed Closed
HSBC Premier	3.61% APR^*
HSBC Advance	3.61% APR^*
Personal rates	3.61% APR^*

Term	5 year Variable** Closed
HSBC Premier	3.22% APR^*
HSBC Advance	3.22% APR^*
Personal rates	3.22% APR^*

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.

Start pre-approval application

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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. All rates are subject to change without notice. For information and to confirm most recent rates, please contact any HSBC branch. Some restrictions apply. Revenue property rates available upon request.

** The variable rate is equal to HSBC Prime Rate - 0.76%. 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.

*** Special offers are only available for owner-occupied properties with an amortization of 25 years or less. Rates apply to traditional and Equity Power Mortgages. Rates subject to change without notice.

**** Actual rate will vary depending on fluctuations to HSBC Prime Rate. Rates are subject to change without notice. For information and to confirm most recent rates, please contact any HSBC branch. The HSBC Home Equity Line of Credit is accessed through an 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 Home Equity Line of Credit 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.

¹ In order to qualify for HSBC Premier you must have an active HSBC Premier chequing account, and meet at least one of the following eligibility criteria:

• Total Relationship Balance of $100,000 (CAD) or more, or
• Total Mortgage Amount of $500,000 (CAD) or more, or
• Total Monthly Income Deposit of $6,500 (CAD) or more plus confirmation of $100,000 or more in deposits and/or investments in Canada
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 available at any HSBC Bank Canada branch or online at www.hsbc.ca.

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 maintain combined personal deposits and investments with HSBC Bank Canada and its subsidiaries of $5,000 or hold personal HSBC Bank Canada residential mortgage with original amount of $150,000 or greater. 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 available at any HSBC Bank Canada branch or online at www.hsbc.ca.

Special Offers

Special Offers

Home Equity Line of Credit Special Offers

Home Equity Line of Credit Special Offers

HSBC Premier Mortgage

HSBC Advance Mortgage

Posted Fixed Rate Mortgages

Posted Variable Rate Mortgages**

Prime Rate / US Base Rate