Current Mortgage Rates in PEI

Looking to get a mortgage in PEI? We shop the most competitive brokers, lenders and banks in PEI to bring you today's lowest interest rates, free of charge! Our comparison charts list current PEI rates, and are updated on a daily basis. To compare a certain category, click on the "See All" button for more details.

TERM	FIXED
1-yr	3.14^% Investors Group _{Compare all rates}
2-yr	3.19^% RBC Royal Bank _{Compare all rates}
3-yr	3.29^% Investors Group _{Compare all rates}
4-yr	3.44^% National Bank _{Compare all rates}
5-yr	3.29^% CIBC _{Compare all rates}
6-yr	3.74^% Bank of Montreal _{Compare all rates}
7-yr	3.79^% RBC Royal Bank _{Compare all rates}
10-yr	3.89^% Tangerine _{Compare all rates}

TERM	VARIABLE
1-yr
2-yr
3-yr	3.70^% Prime - 0.00 CIBC _{Compare all rates}
4-yr
5-yr	2.64^% Prime - 1.06 HSBC _{Compare all rates}
6-yr
7-yr
10-yr

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HELOC	4.35^% Prime + 0.65 Tangerine _{Compare all rates}
ALL-IN-ONE	4.20^% Prime + 0.50 Manulife Bank of Canada _{Compare all rates}

5-yr	6.49^% 5% Cash Back Simplii Financial _{Compare all rates}
7-yr	6.39^% 5% Cash Back Simplii Financial _{Compare all rates}
10-yr	7.35^% 5% Cash Back Simplii Financial _{Compare all rates}

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TERM	FIXED
1-yr	6.35^% CIBC _{Compare all rates}
3-yr
5-yr

TERM	VARIABLE
1-yr
3-yr	4.90^% Prime + 1.20 Bank of Montreal _{Compare all rates}
5-yr	5.50^% Prime + 1.80 RBC Royal Bank _{Compare all rates}

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TERM	FIXED
1-yr	3.24^% RBC Royal Bank _{Compare all rates}
2-yr	3.19^% RBC Royal Bank _{Compare all rates}
3-yr	3.39^% Tangerine _{Compare all rates}
4-yr	3.44^% National Bank _{Compare all rates}
5-yr	3.29^% CIBC _{Compare all rates}
10-yr	3.89^% Tangerine _{Compare all rates}

TERM	VARIABLE
1-yr
2-yr
3-yr	3.70^% Prime - 0.00 CIBC _{Compare all rates}
4-yr
5-yr	2.64^% Prime - 1.06 HSBC _{Compare all rates}
10-yr

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Prince Edward Island Housing Market Forecasts¹

P.E.I. is expected to see moderate growth rates for 2011 and 2012. This will be strengthened by a diversification in the provinces economy through information technology, biosciences, and aerospace industries. Employment growth rates will be lower in 2011 than they were in 2010, but net employment will be positive. The provincial government spending will be down in 2011 and 2012, as will private investment.

Metropolitan Area	Year	Housing Starts	MLS Total Sales	MLS Average Sale Price
Charlottetown
	2016(*)	270	690	$212,000
	2017(*)	310	660	$218,000

References and Notes

CMHC

Current Mortgage Rates in PEI

Prince Edward Island Housing Market Forecasts1

References and Notes

Current Mortgage Rates by Province

Prince Edward Island Housing Market Forecasts¹