Guaranteed Loan
| Loan term (months) | 12 | 24 | 36 | 48 | 60 | 84 |
|---|---|---|---|---|---|---|
| Interest rate reduction (%) | 0.30 | 0.35 | 0.40 | 0.45 | 0.50 | 0.60 |
Updated on January 22, 2021
| Average 5-year mortgage rate1 | Average 5-year savings bond rate1 | Difference | Reduction in applicable rate2 | Start of application period | End of application period |
|---|---|---|---|---|---|
| 4.79000 | .46397 | 4.3260 | Yes | 2021-01-01 | 2021-01-31 |
| 4.79000 | .43830 | 4.3517 | Yes | 2020-12-01 | 2020-12-31 |
| 4.79000 | .35758 | 4.4324 | Yes | 2020-11-01 | 2020-11-30 |
| 4.79000 | .33988 | 4.4501 | Yes | 2020-10-01 | 2020-10-31 |
| 4.83354 | .34824 | 4.4853 | Yes | 2020-09-01 | 2020-09-30 |
| 4.94000 | .32984 | 4.6101 | Yes | 2020-08-01 | 2020-08-31 |
| 4.96666 | .37850 | 4.5881 | Yes | 2020-07-01 | 2020-07-31 |
| 5.04000 | .38009 | 4.6599 | Yes | 2020-06-01 | 2020-06-30 |
| 5.15500 | .51139 | 4.6436 | Yes | 2020-05-01 | 2020-05-31 |
| 5.19000 | .73236 | 4.4576 | Yes | 2020-04-01 | 2020-04-30 |
| 5.28310 | 1.30467 | 3.9784 | Yes | 2020-03-01 | 2020-03-31 |
| 5.34000 | 1.51207 | 3.8279 | Yes | 2020-02-01 | 2020-02-29 |
| Average 5-year mortgage rate1 | Average 5-year savings bond rate1 | Difference | Reduction in applicable rate2 | Start of application period | End of application period |
|---|---|---|---|---|---|
| 4.79000 | .46397 | 4.3260 | Yes | 2021-01-01 | 2021-01-31 |
| 4.79000 | .43830 | 4.3517 | Yes | 2020-12-01 | 2020-12-31 |
| 4.79000 | .35758 | 4.4324 | Yes | 2020-11-01 | 2020-11-30 |
| 4.79000 | .33988 | 4.4501 | Yes | 2020-10-01 | 2020-10-31 |
| 4.83354 | .34824 | 4.4853 | Yes | 2020-09-01 | 2020-09-30 |
| 4.94000 | .32984 | 4.6101 | Yes | 2020-08-01 | 2020-08-31 |
| 4.94000 | .37850 | 4.5615 | Yes | 2020-07-01 | 2020-07-31 |
| 4.98193 | .38009 | 4.6018 | Yes | 2020-06-01 | 2020-06-30 |
| 5.04000 | .51139 | 4.5286 | Yes | 2020-05-01 | 2020-05-31 |
| 5.09806 | .73236 | 4.3657 | Yes | 2020-04-01 | 2020-04-30 |
| 5.19000 | 1.30467 | 3.8853 | Yes | 2020-03-01 | 2020-03-31 |
| 5.19000 | 1.51207 | 3.6779 | Yes | 2020-02-01 | 2020-02-29 |
| Average 5-year mortgage rate1 | Average 5-year savings bond rate1 | Difference | Reduction in applicable rate2 | Start of application period | End of application period |
|---|---|---|---|---|---|
| 4.74000 | .46397 | 4.2760 | Yes | 2021-01-01 | 2021-01-31 |
| 4.74000 | .43830 | 4.3017 | Yes | 2020-12-01 | 2020-12-31 |
| 4.74000 | .35758 | 4.3824 | Yes | 2020-11-01 | 2020-11-30 |
| 4.74000 | .33988 | 4.4001 | Yes | 2020-10-01 | 2020-10-31 |
| 4.76903 | .34824 | 4.4207 | Yes | 2020-09-01 | 2020-09-30 |
| 4.92548 | .32984 | 4.5956 | Yes | 2020-08-01 | 2020-08-31 |
| 4.99500 | .37850 | 4.6165 | Yes | 2020-07-01 | 2020-07-31 |
| 5.49000 | .38009 | 5.1099 | Yes | 2020-06-01 | 2020-06-30 |
| 5.49000 | .51139 | 4.9786 | Yes | 2020-05-01 | 2020-05-31 |
| 5.49000 | .73236 | 4.7576 | Yes | 2020-04-01 | 2020-04-30 |
| 5.49000 | 1.30467 | 4.1853 | Yes | 2020-03-01 | 2020-03-31 |
| 5.49000 | 1.51207 | 3.9779 | Yes | 2020-02-01 | 2020-02-29 |
| Average 5-year mortgage rate1 | Average 5-year savings bond rate1 | Difference | Reduction in applicable rate2 | Start of application period | End of application period |
|---|---|---|---|---|---|
| 4.79000 | .46397 | 4.3260 | Yes | 2021-01-01 | 2021-01-31 |
| 4.79000 | .43830 | 4.3517 | Yes | 2020-12-01 | 2020-12-31 |
| 4.79000 | .35758 | 4.4324 | Yes | 2020-11-01 | 2020-11-30 |
| 4.79000 | .33988 | 4.4501 | Yes | 2020-10-01 | 2020-10-31 |
| 4.83838 | .34824 | 4.4901 | Yes | 2020-09-01 | 2020-09-30 |
| 4.94000 | .32984 | 4.6101 | Yes | 2020-08-01 | 2020-08-31 |
| 4.94000 | .37850 | 4.5615 | Yes | 2020-07-01 | 2020-07-31 |
| 5.02387 | .38009 | 4.6437 | Yes | 2020-06-01 | 2020-06-30 |
| 5.04000 | .51139 | 4.5286 | Yes | 2020-05-01 | 2020-05-31 |
| 5.11741 | .73236 | 4.3850 | Yes | 2020-04-01 | 2020-04-30 |
| 5.19000 | 1.30467 | 3.8853 | Yes | 2020-03-01 | 2020-03-31 |
| 5.19000 | 1.51207 | 3.6779 | Yes | 2020-02-01 | 2020-02-29 |
| Average 5-year mortgage rate1 | Average 5-year savings bond rate1 | Difference | Reduction in applicable rate2 | Start of application period | End of application period |
|---|---|---|---|---|---|
| 4.79000 | .46397 | 4.3260 | Yes | 2021-01-01 | 2021-01-31 |
| 4.79000 | .43830 | 4.3517 | Yes | 2020-12-01 | 2020-12-31 |
| 4.79000 | .35758 | 4.4324 | Yes | 2020-11-01 | 2020-11-30 |
| 4.79000 | .33988 | 4.4501 | Yes | 2020-10-01 | 2020-10-31 |
| 4.81903 | .34824 | 4.4707 | Yes | 2020-09-01 | 2020-09-30 |
| 4.94000 | .32984 | 4.6101 | Yes | 2020-08-01 | 2020-08-31 |
| 4.94000 | .37850 | 4.5615 | Yes | 2020-07-01 | 2020-07-31 |
| 4.97548 | .38009 | 4.5953 | Yes | 2020-06-01 | 2020-06-30 |
| 5.04000 | .51139 | 4.5286 | Yes | 2020-05-01 | 2020-05-31 |
| 5.08354 | .73236 | 4.3511 | Yes | 2020-04-01 | 2020-04-30 |
| 5.19000 | 1.30467 | 3.8853 | Yes | 2020-03-01 | 2020-03-31 |
| 5.19000 | 1.51207 | 3.6779 | Yes | 2020-02-01 | 2020-02-29 |
| Average 5-year mortgage rate1 | Average 5-year savings bond rate1 | Difference | Reduction in applicable rate2 | Start of application period | End of application period |
|---|---|---|---|---|---|
| 4.79000 | .46397 | 4.3260 | Yes | 2021-01-01 | 2021-01-31 |
| 4.79000 | .43830 | 4.3517 | Yes | 2020-12-01 | 2020-12-31 |
| 4.79000 | .35758 | 4.4324 | Yes | 2020-11-01 | 2020-11-30 |
| 4.79000 | .33988 | 4.4501 | Yes | 2020-10-01 | 2020-10-31 |
| 4.79000 | .34824 | 4.4417 | Yes | 2020-09-01 | 2020-09-30 |
| 4.84806 | .32984 | 4.5182 | Yes | 2020-08-01 | 2020-08-31 |
| 4.94000 | .37850 | 4.5615 | Yes | 2020-07-01 | 2020-07-31 |
| 4.96903 | .38009 | 4.5889 | Yes | 2020-06-01 | 2020-06-30 |
| 4.99000 | .51139 | 4.4786 | Yes | 2020-05-01 | 2020-05-31 |
| 5.02225 | .73236 | 4.2898 | Yes | 2020-04-01 | 2020-04-30 |
| 5.19000 | 1.30467 | 3.8853 | Yes | 2020-03-01 | 2020-03-31 |
| 5.19000 | 1.51207 | 3.6779 | Yes | 2020-02-01 | 2020-02-29 |
| Average 5-year mortgage rate1 | Average 5-year savings bond rate1 | Difference | Reduction in applicable rate2 | Start of application period | End of application period |
|---|---|---|---|---|---|
| 4.59000 | .46397 | 4.1260 | Yes | 2021-01-01 | 2021-01-31 |
| 4.59000 | .43830 | 4.1517 | Yes | 2020-12-01 | 2020-12-31 |
| 4.59000 | .35758 | 4.2324 | Yes | 2020-11-01 | 2020-11-30 |
| 4.59000 | .33988 | 4.2501 | Yes | 2020-10-01 | 2020-10-31 |
| 4.62225 | .34824 | 4.2740 | Yes | 2020-09-01 | 2020-09-30 |
| 4.84000 | .32984 | 4.5101 | Yes | 2020-08-01 | 2020-08-31 |
| 4.84500 | .37850 | 4.4665 | Yes | 2020-07-01 | 2020-07-31 |
| 4.99000 | .38009 | 4.6099 | Yes | 2020-06-01 | 2020-06-30 |
| 4.99000 | .51139 | 4.4786 | Yes | 2020-05-01 | 2020-05-31 |
| 4.99000 | .73236 | 4.2576 | Yes | 2020-04-01 | 2020-04-30 |
| 5.02620 | 1.30467 | 3.7215 | Yes | 2020-03-01 | 2020-03-31 |
| 5.34000 | 1.51207 | 3.8279 | Yes | 2020-02-01 | 2020-02-29 |
| Average 5-year mortgage rate1 | Average 5-year savings bond rate1 | Difference | Reduction in applicable rate2 | Start of application period | End of application period |
|---|---|---|---|---|---|
| 4.74000 | .46397 | 4.2760 | Yes | 2021-01-01 | 2021-01-31 |
| 4.74000 | .43830 | 4.3017 | Yes | 2020-12-01 | 2020-12-31 |
| 4.74000 | .35758 | 4.3824 | Yes | 2020-11-01 | 2020-11-30 |
| 4.74000 | .33988 | 4.4001 | Yes | 2020-10-01 | 2020-10-31 |
| 4.84322 | .34824 | 4.4949 | Yes | 2020-09-01 | 2020-09-30 |
| 4.94000 | .32984 | 4.6101 | Yes | 2020-08-01 | 2020-08-31 |
| 4.94000 | .37850 | 4.5615 | Yes | 2020-07-01 | 2020-07-31 |
| 4.97387 | .38009 | 4.5937 | Yes | 2020-06-01 | 2020-06-30 |
| 4.99000 | .51139 | 4.4786 | Yes | 2020-05-01 | 2020-05-31 |
| 5.04806 | .73236 | 4.3157 | Yes | 2020-04-01 | 2020-04-30 |
| 5.19000 | 1.30467 | 3.8853 | Yes | 2020-03-01 | 2020-03-31 |
| 5.19000 | 1.51207 | 3.6779 | Yes | 2020-02-01 | 2020-02-29 |
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%.
