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Best Mortgage Rates in PEI

Compare the most current mortgage rates instantly

Looking for a mortgage in PEI? We help you find and compare the lowest rates from the Big 6 Banks and top PEI mortgage brokers. By shopping the best rates in PEI, you could save thousands on your mortgage. Our comparison charts are free to use and list current rates that are updated twice daily.

Rates updated:
Broker Mortgage Rates Minimize Table Maximize Table
TERM FIXED
TERM VARIABLE
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Bank Mortgage Rates Minimize Table Maximize Table
TERM FIXED
1-yr 2.82% motusbank Compare all rates
2-yr 2.49% motusbank Compare all rates
3-yr 2.69% Tangerine Compare all rates
4-yr 2.79% Simplii Financial ™ Compare all rates
5-yr 2.59% HSBC Compare all rates
10-yr 2.99% HSBC Compare all rates
TERM VARIABLE
1-yr
2-yr
3-yr 3.95%
Prime - 0.00
Laurentian Bank Compare all rates
4-yr
5-yr 2.84%
Prime - 1.11
HSBC Compare all rates
10-yr
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Open mortgage rates Minimize Table Maximize Table
TERM FIXED
1-yr 6.30% Laurentian Bank Compare all rates
3-yr
5-yr
TERM VARIABLE
1-yr
3-yr 5.15%
Prime + 1.20
Bank of Montreal Compare all rates
5-yr 4.95%
Prime + 1.00
motusbank Compare all rates
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Cash back mortgage Minimize Table Maximize Table
5-yr 5.19%
1% Cash Back
Laurentian Bank Compare all rates
7-yr 6.64%
5% Cash Back
Simplii Financial ™ Compare all rates
10-yr 7.55%
5% Cash Back
Simplii Financial ™ Compare all rates
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HELOC Rates Minimize Table Maximize Table
HELOC 3.75%
Prime - 0.20
motusbank Compare all rates
ALL-IN-ONE 4.45%
Prime + 0.50
Manulife Bank Compare all rates

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

  1. CMHC

Current Mortgage Rates by Province