La Financière agricole du Québec

Accessibility options

The following options can improve your browsing experience on our site. Select the options that suit you best.

Style Sheet

Text size

Forestry Financing

Interest Rate Reduction

Rate reduction based on loan term
Loan term (months)122436486084
Interest rate reduction (%)0.300.350.400.450.500.60

History of interest rate reductions

Updated on February 3, 2023

Banque Canadienne Impériale de Commerce
Average 5-year mortgage rate1 Average 5-year savings bond rate1 Difference Reduction in applicable rate2 Start of application period End of application period
6.49000 3.33490 3.1551 Yes 2023-02-01 2023-02-28
6.49000 3.02955 3.4604 Yes 2023-01-01 2023-01-31
6.49000 3.31424 3.1757 Yes 2022-12-01 2022-12-31
6.49000 3.56278 2.9272 Yes 2022-11-01 2022-11-30
6.49000 3.26891 3.2210 Yes 2022-10-01 2022-10-31
6.49000 2.93971 3.5502 Yes 2022-09-01 2022-09-30
6.49000 2.97587 3.5141 Yes 2022-08-01 2022-08-31
6.22000 3.21861 3.0013 Yes 2022-07-01 2022-07-31
5.66741 2.74624 2.9211 Yes 2022-06-01 2022-06-30
4.96333 2.61041 2.3529 Yes 2022-05-01 2022-05-31
4.79000 1.97277 2.8172 Yes 2022-04-01 2022-04-30
4.79000 1.72165 3.0683 Yes 2022-03-01 2022-03-31
Banque de Montréal
Average 5-year mortgage rate1 Average 5-year savings bond rate1 Difference Reduction in applicable rate2 Start of application period End of application period
6.49000 3.33490 3.1551 Yes 2023-02-01 2023-02-28
6.49000 3.02955 3.4604 Yes 2023-01-01 2023-01-31
6.49000 3.31424 3.1757 Yes 2022-12-01 2022-12-31
6.35451 3.56278 2.7917 Yes 2022-11-01 2022-11-30
6.14000 3.26891 2.8710 Yes 2022-10-01 2022-10-31
6.14000 2.93971 3.2002 Yes 2022-09-01 2022-09-30
6.07225 2.97587 3.0963 Yes 2022-08-01 2022-08-31
5.75166 3.21861 2.5330 Yes 2022-07-01 2022-07-31
5.14483 2.74624 2.3985 Yes 2022-06-01 2022-06-30
4.83000 2.61041 2.2195 Yes 2022-05-01 2022-05-31
4.79000 1.97277 2.8172 Yes 2022-04-01 2022-04-30
4.79000 1.72165 3.0683 Yes 2022-03-01 2022-03-31
Banque Laurentienne
Average 5-year mortgage rate1 Average 5-year savings bond rate1 Difference Reduction in applicable rate2 Start of application period End of application period
6.49000 3.33490 3.1551 Yes 2023-02-01 2023-02-28
6.49000 3.02955 3.4604 Yes 2023-01-01 2023-01-31
6.49000 3.31424 3.1757 Yes 2022-12-01 2022-12-31
6.19645 3.56278 2.6336 Yes 2022-11-01 2022-11-30
6.14000 3.26891 2.8710 Yes 2022-10-01 2022-10-31
5.73193 2.93971 2.7922 Yes 2022-09-01 2022-09-30
5.59000 2.97587 2.6141 Yes 2022-08-01 2022-08-31
5.49666 3.21861 2.2780 Yes 2022-07-01 2022-07-31
5.35129 2.74624 2.6050 Yes 2022-06-01 2022-06-30
4.99000 2.61041 2.3795 Yes 2022-05-01 2022-05-31
4.78032 1.97277 2.8075 Yes 2022-04-01 2022-04-30
4.74000 1.72165 3.0183 Yes 2022-03-01 2022-03-31
Banque Nationale du Canada
Average 5-year mortgage rate1 Average 5-year savings bond rate1 Difference Reduction in applicable rate2 Start of application period End of application period
6.49000 3.33490 3.1551 Yes 2023-02-01 2023-02-28
6.49000 3.02955 3.4604 Yes 2023-01-01 2023-01-31
6.49000 3.31424 3.1757 Yes 2022-12-01 2022-12-31
6.29806 3.56278 2.7352 Yes 2022-11-01 2022-11-30
6.14000 3.26891 2.8710 Yes 2022-10-01 2022-10-31
6.14000 2.93971 3.2002 Yes 2022-09-01 2022-09-30
6.05935 2.97587 3.0834 Yes 2022-08-01 2022-08-31
5.64500 3.21861 2.4263 Yes 2022-07-01 2022-07-31
5.06741 2.74624 2.3211 Yes 2022-06-01 2022-06-30
4.97500 2.61041 2.3645 Yes 2022-05-01 2022-05-31
4.88032 1.97277 2.9075 Yes 2022-04-01 2022-04-30
4.79000 1.72165 3.0683 Yes 2022-03-01 2022-03-31
Banque Royale du Canada
Average 5-year mortgage rate1 Average 5-year savings bond rate1 Difference Reduction in applicable rate2 Start of application period End of application period
6.29000 3.33490 2.9551 Yes 2023-02-01 2023-02-28
6.29000 3.02955 3.2604 Yes 2023-01-01 2023-01-31
6.24333 3.31424 2.9290 Yes 2022-12-01 2022-12-31
6.16096 3.56278 2.5981 Yes 2022-11-01 2022-11-30
6.14000 3.26891 2.8710 Yes 2022-10-01 2022-10-31
6.14000 2.93971 3.2002 Yes 2022-09-01 2022-09-30
5.89483 2.97587 2.9189 Yes 2022-08-01 2022-08-31
5.34333 3.21861 2.1247 Yes 2022-07-01 2022-07-31
4.86419 2.74624 2.1179 Yes 2022-06-01 2022-06-30
4.79000 2.61041 2.1795 Yes 2022-05-01 2022-05-31
4.79000 1.97277 2.8172 Yes 2022-04-01 2022-04-30
4.79000 1.72165 3.0683 Yes 2022-03-01 2022-03-31
Banque Scotia
Average 5-year mortgage rate1 Average 5-year savings bond rate1 Difference Reduction in applicable rate2 Start of application period End of application period
6.34000 3.33490 3.0051 Yes 2023-02-01 2023-02-28
6.29483 3.02955 3.2652 Yes 2023-01-01 2023-01-31
6.14000 3.31424 2.8257 Yes 2022-12-01 2022-12-31
6.14000 3.56278 2.5772 Yes 2022-11-01 2022-11-30
6.01000 3.26891 2.7410 Yes 2022-10-01 2022-10-31
5.99000 2.93971 3.0502 Yes 2022-09-01 2022-09-30
5.90774 2.97587 2.9318 Yes 2022-08-01 2022-08-31
5.63000 3.21861 2.4113 Yes 2022-07-01 2022-07-31
5.01580 2.74624 2.2695 Yes 2022-06-01 2022-06-30
4.99000 2.61041 2.3795 Yes 2022-05-01 2022-05-31
4.90612 1.97277 2.9333 Yes 2022-04-01 2022-04-30
4.79000 1.72165 3.0683 Yes 2022-03-01 2022-03-31
Banque Toronto-Dominion
Average 5-year mortgage rate1 Average 5-year savings bond rate1 Difference Reduction in applicable rate2 Start of application period End of application period
6.34000 3.33490 3.0051 Yes 2023-02-01 2023-02-28
6.34000 3.02955 3.3104 Yes 2023-01-01 2023-01-31
6.34000 3.31424 3.0257 Yes 2022-12-01 2022-12-31
6.26258 3.56278 2.6998 Yes 2022-11-01 2022-11-30
6.14000 3.26891 2.8710 Yes 2022-10-01 2022-10-31
6.14000 2.93971 3.2002 Yes 2022-09-01 2022-09-30
6.07225 2.97587 3.0963 Yes 2022-08-01 2022-08-31
5.77333 3.21861 2.5547 Yes 2022-07-01 2022-07-31
5.10612 2.74624 2.3598 Yes 2022-06-01 2022-06-30
4.59000 2.61041 1.9795 Yes 2022-05-01 2022-05-31
4.59000 1.97277 2.6172 Yes 2022-04-01 2022-04-30
4.59000 1.72165 2.8683 Yes 2022-03-01 2022-03-31
Fédération des caisses Desjardins du Québec
Average 5-year mortgage rate1 Average 5-year savings bond rate1 Difference Reduction in applicable rate2 Start of application period End of application period
6.49000 3.33490 3.1551 Yes 2023-02-01 2023-02-28
6.49000 3.02955 3.4604 Yes 2023-01-01 2023-01-31
6.40500 3.31424 3.0907 Yes 2022-12-01 2022-12-31
6.21096 3.56278 2.6481 Yes 2022-11-01 2022-11-30
6.14000 3.26891 2.8710 Yes 2022-10-01 2022-10-31
6.14000 2.93971 3.2002 Yes 2022-09-01 2022-09-30
6.07225 2.97587 3.0963 Yes 2022-08-01 2022-08-31
5.51666 3.21861 2.2980 Yes 2022-07-01 2022-07-31
5.07387 2.74624 2.3276 Yes 2022-06-01 2022-06-30
4.99000 2.61041 2.3795 Yes 2022-05-01 2022-05-31
4.83516 1.97277 2.8623 Yes 2022-04-01 2022-04-30
4.78642 1.72165 3.0647 Yes 2022-03-01 2022-03-31

Notes:

1 For the month preceding the start of the application period.

2 The mortgage interest rate reduction applies if, during the 3 months preceding the month when the rates are set, the monthly difference between the average residential mortgage interest rate for a 5-year term and the average 5-year rate of return on Canadian savings bonds is greater than or equal to 1.75%.