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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



Prime -1.20%




Prime -0.25%




Prime -0.43%




Prime -0.05%




Prime -0.50%




Prime -0.10%




Prime -0.70%


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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


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.

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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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