¹ An online survey of 1003 Canadians 18+, who own one or more residential investment properties, was completed between March 2, 2023, and March 17, 2023, using Leger’s online panel. No margin of error can be associated with a non-probability sample (i.e., a web panel in this case). For comparative purposes, though, a probability sample of 1003 respondents would have a margin of error of ±3%, 19 times out of 20. N.B.

* Variable interest rates will change as WealthONE’ s prime rate changes.
^** APR (Annual Percentage Rate) is calculated semi-annually and includes any applicable fees such as application fees or administrative fees. The APR figures above are based on the following: 

• A mortgage amount of a $150,000 with a 25-year amortization period;
• 1% application fee of $1500 and Ontario FCT fee (First Canadian Title fee) of $378.12;
• Application fee and closing fee may vary based on loan amount and province.

***For properties that are owner-occupied, deduct 0.25% from all rates.

General Mortgage Rate Information:

• Interest rates are compounded semi-annually, not in advance. Assuming no additional Cost of Borrowing fees are charged, the Annual Percentage Rate (APR) will be the same as the Interest Rate.
• APR reflects the total interest amount the borrower will pay annually based on the total loan amount. For instance, a lower APR could in turn result in the borrower having lower mortgage payments.
• All Rates are subject to the borrowers meeting WealthONE Bank’s lending criteria (this may include your credit score, income and property location) and are subject to change without notice.
• Residential lending rates are determined on a case-by-case basis, which allows us to offer you competitive options for your specific needs.
• Working with a mortgage broker will ensure you have all the information you need to make an informed decision on the option that is right for you.