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Mortgage Rates

Prospera offers a range of mortgages with rate options to suit all needs. Call 1-888-440-4480 to let one of our experts help you choose the best mortgage for you, or click to book an appointment.

Featured Mortgages (Rates effective 2022-01-11) Rates
5-Year Variable Rate Closed - Insured (2) 1.30%
5-Year Fixed Rate Closed - Insured (1) 2.35%
Fixed Rate Mortgages (Rates effective 2022-01-11) Rates
1-Year Open 4.05%
1-Year Closed 2.55%
2-Year Closed 2.59%
3-Year Closed 2.65%
4-Year Closed 2.78%
5-Year Closed 2.85%
5-Year closed - Insured (4) 2.35%
7-Year Closed 3.38%
10-Year Closed 4.48%
Variable Rate Mortgages (2) (Rates effective 2022-01-11) Rates
5-Year Closed 1.65%
5-Year Closed - Insured (4) 1.40%
Special Rates (3) (Rates effective 2022-01-11) Rates
1-Year Closed 1.95%
2-Year Closed 1.98%
3-Year Closed 2.25%
4-Year Closed 2.35%
5-Year Closed 2.55%

Choose the mortgage product right for you.


These rates are only available for first priority mortgages on owner-occupied residential properties and are subject to meeting Prospera’s standard credit criteria, residential mortgage standards and maximum permitted loan amounts. Interest rates are provided for information purposes only and are subject to change at any time without notice. Annual Percentage Rates (APR) means the cost of borrowing for a loan expressed as an interest rate. It includes all interest and non-interest charges associated with the mortgage. If there are no non-interest charges, the annual interest rate and APR will be the same. If fees or charges apply, the APR would increase.

(1) The interest rate and the Annual Percentage Rates (APR) for our fixed rate offers are compounded semi-annually, not in advance.

(2) The interest rate and the Annual Percentage Rates (APR) for our variable rate offers are compounded monthly. With a variable rate mortgage, the interest rate fluctuates with changes in the Prospera prime lending rate. Your principal and interest payment will stay the same for the term, but if the Prospera prime rate goes down, more of your payment will go towards the principal. If the Prospera prime rate goes up, more of your payment will go towards interest.

(3) This mortgage rate is available to members with greater than 20% down payment, purchasing or switching an owner-occupied residential property valued at under $1,000,000, where the amortization is 25 years or less, and who meet other conditions. This offer is not available for refinances of existing Prospera mortgages. Rental properties are not eligible.

(4) This mortgage rate is available for high ratio residential mortgages with default insurance. A higher interest rate may apply for non-owner-occupied properties, amortizations greater than 25 years, property purchase price greater than $1,000,000 and exceptions to Prospera’s standard lending guidelines.


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