Rates & Compensation

Rates effective as of Sept 1, 2021 @ 12:01 am ET. | Teal Indicates Recent Change

Term/Credit 680+ 650+ 500 to 649 Compensation/Fee
1 Year Fixed 2.79% 2.99% Starting at 3.24% 70 bps
2 Year Fixed 2.89% 3.09% Starting at 3.34% 80 bps
3 Year Fixed 2.99% 3.19% Starting at 3.44% 110 bps
Rate Premiums BFS Assist: 20 bps
Rental (major markets): 40 bps
Major credit event (MCE)* discharged <24 months: 25 bps
*MCE = Bankruptcy, Consumer Proposal, Credit Counselling
Risk Based Pricing Applies.
Contact your RVP or submit a Quick Quote for more details or for credit scores below 500.
1% Lender Fee
Maximum GDS/TDS 50%, for extended ratios contact your RVP or use our Quick Quote
Rate Hold: Purchase 90 days, Refinance 60 days

A- (680+) Buydown Matrix

Please note compensation & rate in your deal notes.

Min. 680 credit, 20bps premium for BFS Assist. Full A- criteria applies.
1 Year Fixed
Rate Compensation
2.59% 50 bps
2.69% 60 bps
2.79% 70 bps

10bps in rate = 10bps in compensation

2 Year Fixed
Rate Compensation
2.69% 40 bps
2.79% 60 bps
2.89% 80 bps

10bps in rate = 20bps in compensation

3 Year Fixed
Rate Compensation
2.79% 60 bps
2.89% 85 bps
2.99% 110 bps

10bps in rate = 25bps in compensation

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Lending Areas

Quick Tips

Census Metropolitan Area (CMA) as defined by Statistics Canada

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