The average 5-year fixed mortgage rate from big banks in Canada is 6.17%* while nesto’s lowest 5-year fixed mortgage rate in Prince Edward Island is .
The average 5-year variable mortgage rate from big banks in Canada is 7.04%* while nesto’s lowest 5-year variable mortgage rate in Prince Edward Island is
The average 3-year fixed mortgage rate from big banks in Canada is 6.79%* while nesto’s lowest 3-year fixed mortgage rate in Prince Edward Island is .
The average 3-year variable mortgage rate from big banks in Canada is 8.60%* while nesto’s lowest 3-year variable mortgage rate in Prince Edward Island is .
*Note: The average rate is calculated based on the posted insured rates of the 6 biggest lenders in Canada that together make up over 70% of the retail mortgage market in the country. These 6 biggest lenders are the chartered banks: Toronto-Dominion Canada Trust (TD), Royal Bank of Canada (RBC), Bank of Montréal (BMO), Bank of Nova Scotia (BNS), Canadian Imperial Bank of Commerce (CIBC) and National Bank of Canada (NBC).