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Best Mortgage Rates in PEI

Compare the most current mortgage rates instantly

Looking for a mortgage in PEI? We can help you find and compare the lowest rates from the Big 6 Banks and PEI’s top mortgage brokers, at no cost to you. Using our rate tables, you can compare the most current mortgage rates instantly, all in one place. By shopping around for the best mortgage rates in PEI, you could save yourself thousands of dollars.

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Broker Mortgage Rates Minimize Table Maximize Table
TERM FIXED
TERM VARIABLE
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Big 5 Bank Mortgage Rates Minimize Table Maximize Table
TERM FIXED
1-yr 2.44% RBC Royal Bank Compare all rates
2-yr 2.09% RBC Royal Bank Compare all rates
3-yr 2.14% TD Bank Compare all rates
4-yr 2.29% Bank of Montreal Compare all rates
5-yr 2.29% Scotiabank Compare all rates
10-yr 3.24% Scotiabank Compare all rates
TERM VARIABLE
1-yr
2-yr
3-yr 2.45%
Prime - 0.00
CIBC Compare all rates
4-yr
5-yr 1.40%
Prime - 1.05
TD Bank Compare all rates
10-yr
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Open mortgage rates Minimize Table Maximize Table
TERM FIXED
1-yr 4.50% TD Bank Compare all rates
3-yr
5-yr
TERM VARIABLE
1-yr
3-yr 4.15%
Prime + 1.70
Bank of Montreal Compare all rates
5-yr 4.25%
Prime + 1.80
CIBC Compare all rates
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Cash back mortgage Minimize Table Maximize Table
5-yr 2.59%
2% Cash Back
Simplii Financial ™ Compare all rates
7-yr 5.39%
4% Cash Back
Simplii Financial ™ Compare all rates
10-yr 6.25%
5% Cash Back
Simplii Financial ™ Compare all rates
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HELOC Rates Minimize Table Maximize Table
HELOC 2.35%
Prime - 0.10
Tangerine Compare all rates

Best mortgage rates in PEI (view all) +

Best mortgage rates PEI

Last updated: July 31, 2021

Mortgage Rate Provider Term Type
% 1-year Fixed
% 2-year Fixed
% 3-year Fixed
% 4-year Fixed
% 5-year Fixed
% 10-year Fixed
% 3-year Variable
% 5-year Variable

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