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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.

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HSBC Mortgage Rates

Rates updated:

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Provider5 Year fixed5 Year variable3 Year fixed

4.79%

5.95%

Prime -1.25%

4.99%

5.14%

6.59%

Prime -0.61%

5.65%

5.09%

6.67%

Prime -0.53%

5.36%

5.19%

6.70%

Prime -0.50%

5.29%

5.04%

6.60%

Prime -0.60%

5.64%

5.14%

6.60%

Prime -0.60%

5.86%

5.39%

6.55%

Prime -0.65%

5.59%

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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 one of the world's largest banks, 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 pre-payment 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 new immigrants and other categories of people who have not been in Canada long, such as foreign workers. Newcomers to Canada have different needs and financial circumstances from long-term residents, so this product aims to provide additional flexibility in these situations.

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

About Ratehub.ca

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, Ratehub.ca 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.

Ratehub.ca 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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Financial institutions pay us for connecting them with customers. This could be through advertisements, or when someone applies or is approved for a product. However, not all products we list are tied to compensation for us. Our industry-leading education centres and calculators are available 24/7, free of charge, and with no obligation to purchase. To learn more, visit our About us page.

How are CanWise Financial and Ratehub.ca connected?

We own and operate a mortgage brokerage, Ratehub.ca (formerly known as CanWise Financial), and are compensated for mortgages funded through our brokerage. Ratehub Inc. o/a Ratehub.ca & CanWise is a licensed mortgage brokerage and CMHC-approved lender. When comparing mortgage rates on Ratehub.ca, 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 Ratehub.ca and CanWise are owned and operated by Ratehub Inc.

We’re proud of our Ratehub.ca mortgage brokerage, which offers our users great rates, trusted advice and an award-winning team of mortgage experts. Read any of our 6,700 five-star Google and Facebook reviews and you’ll see what we mean.

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