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Fixed Rate Mortgages

Print print Fixed Rate Mortgages page

Find peace of mind in knowing exactly what your interest rate will be for the term of your mortgage with a President's Choice Financial® fixed rate mortgage1.

Open Features
  • Competitive Open dialogrates
  • Up to 120 day rate guarantee2 so you can take the time to find your dream home
  • Opportunity to earn Open dialogPC® points3 and turn your mortgage into free groceries and more (see more details below).
  • Dedicated Mortgage Specialist to help you from the moment you find out how much you can afford, to the day you move in
  • Convenient pre-approval contact options by go tophone, go toonline, or at a PC Financial go to pavilion
  • Amortization options - up to a maximum of 30 years (25 years for CMHC insured mortgages)4
  • FlexibleOpen dialog prepayment options on most mortgages to let you pay off your mortgage even faster
  • Convenient weekly, bi-weekly, monthly, and semi-monthly payment frequencies available. You can also accelerate your weekly or bi-weekly payments which can save you thousands of dollars in interest over the life of your mortgage
  • Take a break from your mortgage with our "Rainy Day" skip-a-payment option and skip one scheduled mortgage payment every year5
Close Features
Earn PC PointsOpen PC Points DialogClose PC Points Dialog

Turn PC Financial fixed rate mortgages into free groceries with PC® points³. With our fixed rate mortgage, you'll earn 2,500 PC points for every full $1,000 of your total balance at the time of closing. On a $200,000 mortgage that would equal $500 worth of PC points for you to use towards groceries and more at go toparticipating storesThis table lists the value of PC points on closing.

Mortgage Amount Value of PC points on closing
$50,000 $125
$100,000 $250
$200,000 $500

Not all PC Financial mortgages are eligible for PC points. PC points values shown are based on grocery redemptions; not redeemable for cash.

How to Redeem your PC Points:

  • You can begin redeeming once you have earned 20,000 PC points − that's $20 in free groceries! Or redeem higher amounts in further increments of 10,000 PC points.
  • Just present your President's Choice Financial® MasterCard® or bank card at the check-out at go toparticipating stores and tell the cashier that you're redeeming your PC points.
go toPC points program terms and conditions
Interest RatesOpen Interest Rates DialogClose Interest Rates Dialog

Take a look at today's rates:

Term Posted Rate (%)
2 year %
Special** 2 year fixed: 2.22%i
3 year %
4 year %
Special** 4 year fixed: 2.49%ii
5 year %
Special** 5 year fixed: 2.54%iii
7 year %
10 year %
go toSee more rates
Prepayment OptionsOpen Prepayment Options DialogClose Prepayment Options Dialog

Pay off your mortgage faster by taking advantage of the flexible prepayment options available on most PC Financial mortgages.

  • Make lump sum payments of up to 20% of your original principal each year.
  • Once each mortgage year, increase your scheduled payments by up to 25% of the payment amount you selected when you entered or last renewed the mortgage.
go to mortgage prepayment information pageLearn more
Creditor Life Insurance for President's Choice Financial MortgagesOpen Creditor Life Insurance DialogClose Creditor Life Insurance Dialog

Creditor Life Insurance for President's Choice Financial Mortgages6 helps provide you comfort in knowing your family home will be protected in the event you pass away. Simply put, Creditor Life Insurance is an affordable way to help protect one of your largest financial obligations.

LegalOpen Legal DialogClose Legal Dialog

APR means the cost of borrowing for a loan expressed as an interest rate. It includes all interest and non-interest charges associated with the mortgage. If there are no non-interest charges, the annual interest rate and APR will be the same.

i2.24% APR (Fresh Cut No Points only)
ii2.51% APR (Fresh Cut and Fresh Cut No Points only)
iii2.56% APR (Fresh Cut No Points only)

Fresh Financial Thinking®

Today's Great Rates

5 year variable:
%
2 year fixed: 
%
 
Special** 2 year fixed: 2.22%i
3 year fixed: 
%
 
4 year fixed:
%
Special** 4 year fixed: 2.49%ii
5 year fixed: 
%
Special** 5 year fixed: 2.54%iii
7 year fixed: 
%
 
10 year fixed: 
%
go toSee more rates

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Tools & Calculators

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