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.

Special Offers

  Mortgage Rates***
APR*
2 year Fixed Closed 2.84%
2.92%
5 year Fixed Closed 2.84%
2.87%
7 year Fixed Closed 3.24%
3.26%
10 year Fixed Closed
3.24%
3.26%
5 year Variable** Closed

2.94%

(HSBC Prime Rate -  1.01%)

2.97%

Special Offers

  2 year Fixed Closed
Mortgage Rates***
2.84%
APR* 2.92%
  5 year Fixed Closed
Mortgage Rates***
2.84%
APR* 2.87%
  7 year Fixed Closed
Mortgage Rates***
3.24%
APR* 3.26%
  10 year Fixed Closed
Mortgage Rates***
3.24%
APR* 3.26%
  5 year Variable** Closed
Mortgage Rates***

2.94%

(HSBC Prime Rate -  1.01%)

APR* 2.97%

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****

4.45%

HSBC Prime Rate + 0.50%

Home Equity Line of Credit Special Offers

  Home Equity Line of Credit****
Mortgage Rates***

4.45%

HSBC Prime Rate + 0.50%

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 them access to unlimited current banking2 and exclusive worldwide benefits.
 

HSBC Premier eligibility
There are three ways to qualify for an HSBC Premier mortgage.

  • have an active HSBC Premier Chequing Account;
  • maintain a balance of $100,000 in personal deposits and investments with HSBC Bank Canada and its subsidiaries;
  • achieve a total balance of mortgages of at least $500,000;
  • deposit $6,500 CAD or more in your HSBC Premier account(s) each month and demonstrate that you have at least $100,000 in deposits or investments in Canada.


Discover all the advantages of HSBC Premier

Posted Fixed Rate Open Mortgages

Term Rate
6 months 7.10%
1 year 6.35%

Posted Fixed Rate Open Mortgages

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

Posted Fixed Rate Closed Mortgages

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%

Posted Fixed Rate Closed Mortgages

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

Posted Variable Rate Open Mortgages**

Term Rate
3 year 5.45%

Posted Variable Rate Open Mortgages**

Term 3 year
Rate 5.45%

Posted Variable Rate Closed Mortgages**

Term Rate
5 year 4.05%

Posted Variable Rate Closed Mortgages**

Term 5 year
Rate 4.05%

Prime Rate / US Base Rate

Term Prime Rate US Base Rate
Rate per annum 3.95%
5.25%

Prime Rate / US Base Rate

Term Rate per annum
Prime Rate 3.95%
US Base Rate
5.25%

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

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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.

** 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. 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.  

3 HSBC 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.