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Switch to an HSBC Mortgage

Bring your mortgage to us today!

Whether you’re a current customer or looking to explore new opportunities, we make it easy to bring your mortgage to HSBC. We’ll be with you every step of the way with your mortgage application, and offer you a competitive interest rate1.

Getting to know you

Switching your mortgage from one provider to another is easy. What matters most is that you take this opportunity to re-evaluate your needs and determine how your new mortgage will help you reach new financial goals. As an HSBC customer, you may qualify for all-inclusive banking with HSBC Premier2 or HSBC Advance3.

If your mortgage is up for renewal soon, speak to a Mortgage Specialist at 1-866-609-4722. We’ll help you plan for a smooth transition and show you the right steps to avoid unnecessary penalties or fees.

Step by step

When you switch your mortgage to HSBC, you may be able to bring your current amortization with you.

You have the opportunity to negotiate a new mortgage with a new amortization period. You also have the choice of flexible terms and a host of pre-payment options4 that may help you become mortgage-free faster.

Managing fees and charges

Switching your mortgage before the end of your current term may result in penalties or fees. Sometimes, these costs are worth the expense if you are switching for a more competitive interest rate. Other times, it’s more advantageous to wait for your current term to expire.


If your mortgage is up for renewal any time in the next six months, now is a great time to start working on your next move.

What to bring

Your time is valuable - an HSBC Mortgage Specialist can provide you with a list of documentation you'll need to provide.  The information required may vary, but typically includes the following:

  • Proof of employment
  • Personal tax returns
  • Bank account information
  • Credit history
  • Financial statements, if self employed

An HSBC Mortgage could be just what you need.

Five year variable**  rate closed term mortgage

2.05%  (2.08% APR)*

Five year fixed rate closed term mortgage

2.29%  (2.32% APR)*

Protect your family and home with HSBC Mortgage Creditor Insurance

How to apply

Need to talk?

Call: 1-866-609-4722

Lines are open Mon-Fri from 6am-6pm PT

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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.

** The variable rate is equal to HSBC Prime Rate -0.40%. 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.

1 To confirm most recent rates, please contact any HSBC branch. All rates are subject to change without notice. Subject to credit approval.

2 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 a personal HSBC Bank Canada residential mortgage with an 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

3 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. This link will open in a new window available at any HSBC Bank Canada branch or online at

4 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, minimum of $100; 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.  

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