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Become mortgage-free faster with a flexible variable rate mortgage. The interest rate of a variable rate mortgage fluctuates with Bank of Montreal prime rate.

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6-Year Flexible
Below Prime Mortgage

5-Year Protected
Variable Rate
3-Year Open
Variable Rate Mortgage

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    Current Mortgage Rates
Low introductory rate of
Prime rate less 2.25%
for the first 3 months.
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Prime rate less 0.1%.
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Prime rate.
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     Choose this Mortgage if you...
 
  • want one of the best rates available.
  • believe rates will decline.
 
  • want the best of both worlds
  • the flexibility of
    a variable rate and the peace of mind of knowing there’s a maximum rate.
 
  • want maximum flexibility.
    are thinking of selling your home.
  • wish to prepay more than 20% of your mortgage amount.
  • believe rates will decline.
     Features:
 
  • Interest rate is guaranteed to be below prime.
  • Special discount for the first three months.
  • Payments are generally fixed for the term.
  • During the first 3 years, lets you convert to a fixed rate closed mortgage anytime without charge*.
  • During the last three years offers open mortgage prepayment privileges.
  • "20+20" Prepayment Privileges feature for first 3 years.
  • You are protected against the rate rising above a predetermined maximum rate -- the "protected" rate.
  • Payments are based on the "protected" rate and are fixed for the term.
  • "20+20" Prepayment Privileges.
 
  • Lets you prepay in full or in part at any time with no prepayment charge.
  • Lets you change to another term at any time, without charge.
  • Payments are generally fixed for the term.