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Rates & Compensation


Rates effective as of Jan 4, 2021 @ 12:01 am ET. | Teal Indicates Recent Change

RATES
Term/Credit 680+ 640+ 500 to 639 Compensation/Fee
1 Year Fixed 2.79% 2.99% Starting at 3.24% 70 bps
2 Year Fixed 2.99% 3.19% Starting at 3.44% 80 bps
3 Year Fixed 3.19% 3.39% Starting at 3.64% 100 bps
Rate Premiums BFS Assist: 20 bps
Rental (major & medium markets): 40 bps
Payout of tax arrears: 25 bps
Major credit event (MCE)* discharged 24 months: 40 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% | Extended GDS/TDS up to 65% and credit scores below 500 considered on a case-by-case basis, contact your RVP or use the Quick Quote for more details.
Rate Hold: 90 days



Credit Matrix


 
Standard
Requirements
Enhanced Credit
& Debt Servicing Requirements
Max LTV 80% 75% 65%
Min Credit 500 650 N/A
Max GDS/TDS 50% 60% 50%
Max Amortization 30 years 30 years
Lending Area Major, Medium and Minor
(Includes 50km from Major & 25km from Minor — must be in a residential neighborhood)
Major areas only
(proximity not eligible - must be listed as a Major Lending Area and in a residential neighborhood)
Occupancy Owner Occupied, Rental* & Second Home*
(*Major & Medium only, proximity not eligible)
Owner Occupied Principal Residences only
Income Qualification Fully Qualified & BFS Assist Fully Qualified
Minimum Employment Income N/A $100,000
Minimum Loan Size $100,000 $100,000
Maximum Loan Size $1,750,000
(exceptions considered)
$1,500,000

For more information contact your RVP or use our Quick Quote





Quick Quote


Submit your deal info up front and we'll send you a quote including rate and product within 24 hours!











Approved Appraiser List


Select a province to find an approved appraiser.


Download our Standard Appraisal Guidelines.




Lending Areas


Quick Tips


Census Metropolitan Area (CMA) as defined by Statistics Canada

Assess the home and surrounding neighborhood with Google Maps (Satellite and Street view)

Properties should be in excellent condition and in a marketable residential neighborhood with similar recent comparables


Can’t find a location? Please contact your RVP or submit a quick quote.







Sales Team


Our experienced sales and underwriting teams will support you throughout your experience.