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Equitable Bank Mortgage Rates

Below you'll find the best mortgage rates from Equitable Bank. Be sure to compare rates between lenders to get the best product for you.

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Equitable Bank Mortgage Rates

Rates updated:

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Provider5 Year fixed5 Year variable3 Year fixed



Prime -1.25%




Prime -0.61%




Prime -0.75%




Prime -0.55%




Prime -0.60%




Prime -0.60%




Prime -0.90%


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Equitable Bank: Frequently asked questions

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Equitable Bank mortgage rates overview

Equitable Bank is a relative newcomer to Canada's banking industry, founded in 1970. Despite that, it's one of Canada's ten largest independent banks, with a strong offering of mortgage products. It's direct banking arm, EQ bank, offers 100% digital savings products, but does not offer mortgages. 

Below is an outline of the various mortgage products offered by Equitable Bank in Canada. When you're ready, use the tools at the top of this page to receive personalized quotes from multiple lenders for free. It's only by comparing what lenders will offer you that you'll really be able to understand what kind of mortgages are available to you.

Equitable Bank mortgage products

Equitable Bank offers a range of mortgage products, though not as many as some of the larger banks in Canada. To get more details on which Equitable Bank mortgage product is right for you, you'll want to speak to a licensed mortgage broker. Meantime, here is a selection of mortgage products that Equitable Bank offers.

Fixed-rate closed mortgages: Equitable Bank offers closed fixed mortgage rates with terms between 1 and 5 years. 

Adjustable (variable rate) closed mortgages: Equitable Bank doesn't offer as many variable-rate mortgage options as other banks. Under the EQB Evolution Suite, it offers a 5-year adjustable closed rate.

EQB Evolution Suite: Equitable Bank's EQB Evolution Suite provides mortgages for a range of different customer types including: newcomers to Canada; borrowers who are salaried, salaried with commission, or self-employed; and people purchasing a vacation home or second property.

Home Equity Line of Credit (HELOC): Equity Bank offers a HELOC product that can be bundled with a new mortgage, or applied for at any point during your mortgage term. A stand-alone HELOC is also available from Equitable Bank if you are mortgage-free.

Reverse Mortgage: Equitable Bank is one of the two providers of reverse mortgages in Canada. Reverse mortgages are a niche product, specifically designed for older Canadians looking to use their home equity to fund their retirement. If this is something that might apply to you, learn more by reading our article about reverse mortgages.  

How to get a mortgage from Equitable Bank

Equitable Banks doesn't take direct mortgage applications. Instead, it relies on licensed mortgage brokers. If you think a mortgage from Equitable Banks might be right for you, speak to a mortgage broker about it. A broker can help you find the best mortgage for you at no cost (mortgage brokers are paid on commission) and provide expert advice on your situation.

Jamie David, Director of Marketing and Head of Mortgages

Jamie has 15+ years of business and marketing experience. She contributes her mortgage expertise to The Globe and Mail and authors Ratehub’s mortgage and homebuying guides. read full bio


Whether you need a mortgage, credit card, savings account, or insurance coverage, we help you find and compare the best financial products for your specific needs.

When it comes to mortgages, is more than just a place to research and compare the best rates. Our goal is to give Canadians the best mortgage experience from online search to close. This means offering Canadians the mortgage tools, information and articles to educate themselves, allowing them to get personalized rate quotes from multiple lenders to compare rates instantly, and providing them with the best online application and offline customer service to close their mortgage all in one place. has been named Canada's Mortgage Brokerage of the Year for four years straight (2018-2021). With over 12 years of mortgage experience, and over $11 billion in mortgages funded, we deliver you the best mortgage experience in Canada. 

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How are CanWise Financial and connected?

We own and operate a mortgage brokerage, (formerly known as CanWise Financial), and are compensated for mortgages funded through our brokerage. Ratehub Inc. o/a & CanWise is a licensed mortgage brokerage and CMHC-approved lender. When comparing mortgage rates on, you’ll see rates from a number of lenders, including CanWise. All products are sorted according to the rates available to you and the selection criteria you’ve shared with us. Both and CanWise are owned and operated by Ratehub Inc.

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