Home Equity

Mortgage Rates | HSBC Canada

Mortgage rates ; 5.54% · 5.56%. 5 year Variable Closed · 4.19%. (HSBC Prime Rate -0.51%)
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Rates are subject to change without notice and are applicable to First Mortgages only. For information and to confirm most recent rates, please contact any HSBC branch. Some restrictions apply.

† The annual percentage rate (APR) is based on a $200,000 mortgage for the applicable term with the $300 property valuation fee waived. APR includes all interest and some non-interest charges associated with the mortgage. If there are no non-interest charges, the annual interest rate and APR will be the same. The variable rate is equal to HSBC Prime Rate -0.91%. The rate will change as HSBC’s Prime Rate changes. Some restrictions apply. Rate is only 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, and exceptions to HSBC’s standard lending guidelines. Applications are subject to credit approval.

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†† A High Ratio Mortgage is a personal mortgage with a down payment of less than 20% of the purchase price. Applications are subject to credit approval. HSBC High Ratio Mortgage Rate Terms and Conditions.

‡‡‡ The annual percentage rate (APR) is based on a $200,000 mortgage for the applicable term with the $300 property valuation fee waived for 7-year term. APR includes all interest and some non-interest charges associated with the mortgage. If there are no non-interest charges, the annual interest rate and APR will be the same. HSBC Mortgage Property Valuation Fee Waive Offer Terms and Conditions. Rate is only available for residential mortgages, a higher interest rate may apply for non-owner-occupied properties, amortizations greater than 25 years, and exceptions to HSBC’s standard lending guidelines. Applications are subject to credit approval.

* The annual percentage rate (APR) is based on a $200,000 mortgage for the applicable term assuming a property valuation fee of $300. APR includes all interest and some non-interest charges associated with the mortgage. If there are no non-interest charges, the annual interest rate and APR will be the same. Rate is only available for residential mortgages, a higher interest rate may apply for non-owner-occupied properties, amortizations greater than 25 years, and exceptions to HSBC’s standard lending guidelines. Applications are subject to credit approval.

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** Actual rate will vary depending on fluctuations to HSBC Prime Rate.

*** Rates are only available for residential mortgages, a higher interest rate may apply for non-owner-occupied properties, amortizations greater than 25 years, and exceptions to HSBC’s standard lending guidelines. Rates apply to traditional and Equity Power Mortgages.

**** The interest rate on the HSBC Home Equity Line of Credit (the HSBC HELOC) will change with HSBC Prime. Rates are subject to change without notice. As of July 14, 2022, HSBC Prime Rate is 4.70%. The HSBC HELOC is accessed through a HSBC Chequing account. HSBC Chequing account service charges may apply. Applicable service charges can be found in the Personal Service Charges/Statement of Disclosure. The HSBC HELOC is secured with a registered collateral mortgage against your principal residence. The available limit will depend on the value of your property and any prior charges or liens. An appraisal fee of $300 per valuation may apply. Offer is available to all new HSBC HELOC applications that start between February 28, 2022 to September 30, 2022; subject to credit approval.

Read more: What is a Hypothecation Agreement in Real Estate?

1 HSBC Premier requires you to have an active HSBC Premier chequing account, and either (i) personal deposits & investments totalling $100,000 or more; or (ii) hold a personal mortgage with an original amount of $500,000 or greater; or (iii) $6,500 minimum monthly income deposits; or (iv) you qualify for HSBC Premier in another country, OR achieve the thresholds noted in points (i) and (ii) above by combining you and your spouse or common law partner’s balances through our Household Qualification Program.

Some exclusions apply. A monthly fee will be charged if you do not meet at least one of the eligibility criteria above. For full details regarding eligibility and any fees which may apply please refer to the Personal Service Charges Statement of Disclosure.

2Unlimited day-to-day banking includes cheques, withdrawals and deposits at HSBC Branches and ATMs in Canada, HSBC telephone and mobile banking (Canada), withdrawals at more than 2,500 ATMs on THE EXCHANGE®Network and Interac® debit purchases at retailers across Canada.

3 HSBC Advance requires you to have an active HSBC Advance chequing account, and either (i) maintain combined personal deposits and investments with HSBC Bank Canada and its subsidiaries of $5,000 or more, or (ii) hold personal HSBC Bank Canada residential mortgage with original amount of $150,000 or more. Some exclusions apply. A monthly fee will be charged if you do not meet at least one of the conditions above. For full details regarding any fees which may apply please refer to the Personal Service Charges Statement of Disclosure.

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150 Charles

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A remarkable site overlooking the expanse of the waterfront, 150 Charles Street is sited between the activity on the Hudson River and the history of the West Village

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