La Financière agricole du Québec

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Guaranteed Loan

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 May 24, 2022

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
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
4.79000 1.54647 3.2435 Yes 2022-02-01 2022-02-28
4.79000 1.28690 3.5031 Yes 2022-01-01 2022-01-31
4.79000 1.45338 3.3366 Yes 2021-12-01 2021-12-31
4.79000 1.26195 3.5280 Yes 2021-11-01 2021-11-30
4.79000 .92163 3.8683 Yes 2021-10-01 2021-10-31
4.79000 .88055 3.9094 Yes 2021-09-01 2021-09-30
4.79000 1.00410 3.7859 Yes 2021-08-01 2021-08-31
4.79000 .90526 3.8847 Yes 2021-07-01 2021-07-31
4.79000 .93196 3.8580 Yes 2021-06-01 2021-06-30
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
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
4.79000 1.54647 3.2435 Yes 2022-02-01 2022-02-28
4.79000 1.28690 3.5031 Yes 2022-01-01 2022-01-31
4.79000 1.45338 3.3366 Yes 2021-12-01 2021-12-31
4.79000 1.26195 3.5280 Yes 2021-11-01 2021-11-30
4.79000 .92163 3.8683 Yes 2021-10-01 2021-10-31
4.79000 .88055 3.9094 Yes 2021-09-01 2021-09-30
4.79000 1.00410 3.7859 Yes 2021-08-01 2021-08-31
4.79000 .90526 3.8847 Yes 2021-07-01 2021-07-31
4.79000 .93196 3.8580 Yes 2021-06-01 2021-06-30
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
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
4.74000 1.54647 3.1935 Yes 2022-02-01 2022-02-28
4.74000 1.28690 3.4531 Yes 2022-01-01 2022-01-31
4.74000 1.45338 3.2866 Yes 2021-12-01 2021-12-31
4.74000 1.26195 3.4780 Yes 2021-11-01 2021-11-30
4.74000 .92163 3.8183 Yes 2021-10-01 2021-10-31
4.74000 .88055 3.8594 Yes 2021-09-01 2021-09-30
4.74000 1.00410 3.7359 Yes 2021-08-01 2021-08-31
4.74000 .90526 3.8347 Yes 2021-07-01 2021-07-31
4.74000 .93196 3.8080 Yes 2021-06-01 2021-06-30
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
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
4.79000 1.54647 3.2435 Yes 2022-02-01 2022-02-28
4.79000 1.28690 3.5031 Yes 2022-01-01 2022-01-31
4.79000 1.45338 3.3366 Yes 2021-12-01 2021-12-31
4.79000 1.26195 3.5280 Yes 2021-11-01 2021-11-30
4.79000 .92163 3.8683 Yes 2021-10-01 2021-10-31
4.79000 .88055 3.9094 Yes 2021-09-01 2021-09-30
4.79000 1.00410 3.7859 Yes 2021-08-01 2021-08-31
4.79000 .90526 3.8847 Yes 2021-07-01 2021-07-31
4.79000 .93196 3.8580 Yes 2021-06-01 2021-06-30
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
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
4.79000 1.54647 3.2435 Yes 2022-02-01 2022-02-28
4.79000 1.28690 3.5031 Yes 2022-01-01 2022-01-31
4.79000 1.45338 3.3366 Yes 2021-12-01 2021-12-31
4.79000 1.26195 3.5280 Yes 2021-11-01 2021-11-30
4.79000 .92163 3.8683 Yes 2021-10-01 2021-10-31
4.79000 .88055 3.9094 Yes 2021-09-01 2021-09-30
4.79000 1.00410 3.7859 Yes 2021-08-01 2021-08-31
4.79000 .90526 3.8847 Yes 2021-07-01 2021-07-31
4.79000 .93196 3.8580 Yes 2021-06-01 2021-06-30
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
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
4.79000 1.54647 3.2435 Yes 2022-02-01 2022-02-28
4.79000 1.28690 3.5031 Yes 2022-01-01 2022-01-31
4.79000 1.45338 3.3366 Yes 2021-12-01 2021-12-31
4.79000 1.26195 3.5280 Yes 2021-11-01 2021-11-30
4.79000 .92163 3.8683 Yes 2021-10-01 2021-10-31
4.79000 .88055 3.9094 Yes 2021-09-01 2021-09-30
4.79000 1.00410 3.7859 Yes 2021-08-01 2021-08-31
4.79000 .90526 3.8847 Yes 2021-07-01 2021-07-31
4.79000 .93196 3.8580 Yes 2021-06-01 2021-06-30
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
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
4.59000 1.54647 3.0435 Yes 2022-02-01 2022-02-28
4.59000 1.28690 3.3031 Yes 2022-01-01 2022-01-31
4.59000 1.45338 3.1366 Yes 2021-12-01 2021-12-31
4.59000 1.26195 3.3280 Yes 2021-11-01 2021-11-30
4.59000 .92163 3.6683 Yes 2021-10-01 2021-10-31
4.59000 .88055 3.7094 Yes 2021-09-01 2021-09-30
4.59000 1.00410 3.5859 Yes 2021-08-01 2021-08-31
4.59000 .90526 3.6847 Yes 2021-07-01 2021-07-31
4.59000 .93196 3.6580 Yes 2021-06-01 2021-06-30
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
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
4.74000 1.54647 3.1935 Yes 2022-02-01 2022-02-28
4.74000 1.28690 3.4531 Yes 2022-01-01 2022-01-31
4.74000 1.45338 3.2866 Yes 2021-12-01 2021-12-31
4.74000 1.26195 3.4780 Yes 2021-11-01 2021-11-30
4.74000 .92163 3.8183 Yes 2021-10-01 2021-10-31
4.74000 .88055 3.8594 Yes 2021-09-01 2021-09-30
4.74000 1.00410 3.7359 Yes 2021-08-01 2021-08-31
4.74000 .90526 3.8347 Yes 2021-07-01 2021-07-31
4.74000 .93196 3.8080 Yes 2021-06-01 2021-06-30

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%.