One-Year Open Mortgage

Pay a little extra, at any time without incurring administration costs or prepayment charges. And although the interest rate is fixed for the full year, you have the flexibility to convert your mortgage to a closed term at any timeA,1, without a fee.

Term: 1 year
Interest Rate: Fixed for 1 year

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Expand Financing & Payment Options

Financing Available: Conventional and high-ratio
Payment Frequency: Weekly, biweekly, semi-monthly, monthly, rapid weekly, rapid biweekly
Payment Options:

Regular payments can be increased by up to 100% over the term without charge once per calendar year

Full or partial prepayments on any date without charge

A + Legal and other information

1 Must be converted to a fixed term longer than the remaining term.