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Mortgage rates

Special offer rate of 0.99% APR on a 5-year variable closed term high ratio mortgage††.

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 2.29%
2.37%
3 year Fixed Closed 2.59%
2.64%
5 year Fixed Closed 2.69%
2.72%
10 year Fixed Closed
3.34%
3.36%
5 year Variable** Closed

1.39%

(HSBC Prime Rate  -1.06%)

1.42%

Special Offers

  2 year Fixed Closed
Mortgage Rates***
2.29%
APR* 2.37%
  3 year Fixed Closed
Mortgage Rates***
2.59%
APR* 2.64%
  5 year Fixed Closed
Mortgage Rates***
2.69%
APR* 2.72%
  10 year Fixed Closed
Mortgage Rates***
3.34%
APR* 3.36%
  5 year Variable** Closed
Mortgage Rates***

1.39%

(HSBC Prime Rate  -1.06%)

APR* 1.42%

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****

2.45%

HSBC Prime Rate + 0.00%

Home Equity Line of Credit Special Offers

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

2.45%

HSBC Prime Rate + 0.00%

Offer is available to all new HSBC Home Equity Line of Credit applications that start between March 1, 2021 to December 31, 2021; 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

Posted Fixed Rate Open Mortgages

Term Rate
6 months 7.45%
1 year 6.35%

Posted Fixed Rate Open Mortgages

Term 6 months
Rate 7.45%
Term 1 year
Rate 6.35%

Posted Fixed Rate Closed Mortgages

Term Rate
6 months 3.19%
1 year 2.49%
2 year 2.74%
3 year 3.29%
4 year 3.74%
5 year 4.59%
7 year 5.64%
10 year 5.99%

Posted Fixed Rate Closed Mortgages

Term 6 months
Rate 3.19%
Term 1 year
Rate 2.49%
Term 2 year
Rate 2.74%
Term 3 year
Rate 3.29%
Term 4 year
Rate 3.74%
Term 5 year
Rate 4.59%
Term 7 year
Rate 5.64%
Term 10 year
Rate 5.99%

Posted Variable Rate Open Mortgages**

Term Rate
3 year 4.25%

Posted Variable Rate Open Mortgages**

Term 3 year
Rate 4.25%

Posted Variable Rate Closed Mortgages**

Term Rate
5 year 2.65%

Posted Variable Rate Closed Mortgages**

Term 5 year
Rate 2.65%

Prime Rate / US Base Rate

Term Prime Rate US Base Rate
Rate per annum 2.45%
3.75%

Prime Rate / US Base Rate

Term Rate per annum
Prime Rate 2.45%
US Base Rate
3.75%

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

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