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HSBC Mortgage Rates

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

HSBC Mortgage Rates

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Provider5 Year fixed5 Year variable3 Year fixed

Best market rate


Prime -1.55

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Prime -0.90






Prime -0.80




Prime -0.95





Prime -0.86







Prime -0.75







Prime -1.06




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HSBC: Frequently asked questions

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HSBC mortgage rates overview

HSBC Bank of Canada (formerly Hongkong Bank of Canada, HBC) is the Canadian arm of the British bank HSBC. While its parent company is the world's 6th largest bank, HSBC Canada is just Canada's 7th largest bank and was only chartered in 1981.

This page outlines the various mortgage products HSBC Canada has to offer. Once you've had a look through, 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.

HSBC Canada mortgage products

HSBC has a wide range of residential mortgage products. Below are the Bank's main product offerings.  

HSBC Traditional Mortgage

The Traditional Mortgage products include HSBC's standard fixed and variable rate mortgages. Like most of Canada's other big banks, HSBC offers these mortgages with a range of term lengths:

  • Fixed closed mortgage rates are available with terms of 6 months, 1 to 5 years, 7 years, and 10 years.
  • Variable closed mortgage rates are available with a 5-year term.
  • Fixed open mortgage rates are offered in 6-month or 1-year terms.
  • Variable open mortgage rates are available with a 3-year term.

It's worth noting that HSBC has relatively generous prepayment options for closed fixed-rate mortgages, which might be worth considering.

HSBC Equity Power Mortgage

If you have already built equity in your home, the HSBC Equity Power Mortgage allows you to borrow against that equity. This cash can be spent on anything, including home renovations, university fees, a vacation, or to consolidate debt into your mortgage, which may have a lower interest rate than other lines of credit.

HSBC Home Equity Line of Credit

The HSBC Home Equity Line of Credit (HELOC) is similar to the Equity Power Mortgage in that it allows you to access your home equity as cash. However, a HELOC offers this as a revolving line of credit, rather than as a lump sum.

New to Canada Mortgage

HSBC's New to Canada Mortgage is specially designed for the needs of ex-pats and new migrants. Newcomers to Canada have different needs and financial circumstances to long-term residents, so this product aims to provide additional flexibility in these situations.

Author bio

Jamie David

Jamie David is the Business Director of Mortgages at A graduate of the Systems Design Engineering program at the University of Waterloo, she has over 15 years of business, marketing, and engineering experience in the financial technology, banking, education, energy and retail industries. She has worked in top organizations like TD Bank, Trading Pursuits, Petro-Canada, and the TTC. Her passion for personal finance, investing, education, and business strategy brought her to where she heads a very talented, cross-functional team that is dedicated to providing Canadians with the best mortgage experience all the way through from online search to (keys-in-your-hand) funded mortgage.


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How are CanWise Financial and connected?

Both and CanWise Financial are owned and operated by Ratehub Inc. When comparing mortgage rates on, you’ll see rates from a number of lenders and mortgage brokers, including CanWise Financial. All products are sorted according to the rates available to you and the selection criteria you’ve shared with us.

We’re happy to send users to CanWise because of their great rates, trusted advice, and experienced mortgage team. Read any of their 3,300 five-star Google and Facebook reviews and you’ll see what we mean.

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