Hot Deals

[HSBC] Amazing Mortgage Rate 2.74% Fixed 5 year

  • Last Updated:
  • Jul 19th, 2019 6:28 am
[OP]
Member
Dec 7, 2013
277 posts
264 upvotes

[HSBC] Amazing Mortgage Rate 2.74% Fixed 5 year

Deal Link:
Retailer:
HSBC
More offers from HSBC
HSBC just slashed their mortgages even further.

Fixed can be had as low as 2.74% on a 5 year fixed (Insured and <1mil purchase price)
I believe their Variable is the same as the fixed.

As for uninsurable mortgages (>1mil purchase price), their rates are by far the best at 2.89% fixed or variable 5 years.

Happy saving money everyone!
634 replies
Newbie
Nov 2, 2011
28 posts
11 upvotes
Hi There,

Is there any form of documentation available online? Best I could see is 2.74 for high ratio and 2.94 for non-high ratio for 5 years fixed.
Deal Fanatic
May 1, 2012
8432 posts
5843 upvotes
Markham
aznztar1 wrote:
May 2nd, 2019 11:46 am
Hi There,

Is there any form of documentation available online? Best I could see is 2.74 for high ratio and 2.94 for non-high ratio for 5 years fixed.
My friend just got this deal, apparently they slashed rates today. You have to go into an HSBC branch to get your rate, it should be lower than any other rate you can get anywhere else.
Member
Jul 8, 2014
276 posts
126 upvotes
AB
Do you think other banks will price match?
Newbie
Jun 2, 2018
35 posts
9 upvotes
Oh my... I'm with HSBC now and that's undercutting the rate I got last year :(
Deal Addict
Feb 7, 2006
2614 posts
1110 upvotes
More details from the above link:
When you purchase a new property and are taking a new personal mortgage loan (“Mortgage”) with HSBC Bank Canada (“HSBC”) or move your existing Mortgage from another financial institution to HSBC, in the amount of CA$200,000 or more with a five year fixed or variable closed term and make mortgage payments from your HSBC chequing or savings account, you may receive a cash bonus of $1,000 for mortgages between $200,000 up to $499,999.99, and $2,000 for mortgages greater than or equal to $500,000 (the “Cash Back”) (the “HSBC Mortgage Cash Back Offer”). An appraisal fee of $300 per valuation may apply. The HSBC Mortgage Cash Back Offer runs from March 4, 2019 to September 30, 2019 inclusive (the “Offer Period”). For full terms and conditions click here
click here This link will open in a new window
Nice to see rates dropping.
And yes to banks price matching. I am currently at 2.69 and our mortgage is up for renewal in 11 months (roughly)
BMO today offered 3.14, then dropped that to 3.04 when I pushed.
Will wait as I think rates will drop some more.
Deal Addict
Aug 3, 2005
1104 posts
992 upvotes
zwz002 wrote:
May 2nd, 2019 12:39 pm
Oh my... I'm with HSBC now and that's undercutting the rate I got last year :(
ummmm you know rates constantly change right?
Jr. Member
User avatar
Oct 13, 2017
142 posts
216 upvotes
Halifax
I so envy people that are in the market for mortgage right now ! My mortgage is not up until Jan 2020 and I have to wait until the second of sep before I can start shop for mortgages. I am worried that by the time sep comes the rates will go up :(
Newbie
Jun 2, 2018
35 posts
9 upvotes
ekcivichb wrote:
May 2nd, 2019 12:51 pm
ummmm you know rates constantly change right?
Of course... Just saying, can't even switch banks to take advantage of their low rate because I'm already with them
Deal Fanatic
Feb 24, 2018
8810 posts
8932 upvotes
Mortgage rates are delicious right now.

Doubtless, the market is pricing in a Conservative government in the next election cycle, and we're all benefiting from that.
Newbie
Dec 16, 2017
24 posts
27 upvotes
Does anyone know if it is possible to change lenders while in the middle of my own 5 year term? I currently have 2.94% and wouldn't mind getting that additional 0.2% off my back.
Newbie
Feb 24, 2019
98 posts
84 upvotes
zarkook wrote:
May 2nd, 2019 1:03 pm
Does anyone know if it is possible to change lenders while in the middle of my own 5 year term? I currently have 2.94% and wouldn't mind getting that additional 0.2% off my back.
yes you can. you'll have to look into the penalty, and it likely isn't worth it
Sr. Member
Sep 13, 2012
633 posts
284 upvotes
Vaughan, ON
SavvyShopperCa wrote:
May 2nd, 2019 12:59 pm
I so envy people that are in the market for mortgage right now ! My mortgage is not up until Jan 2020 and I have to wait until the second of sep before I can start shop for mortgages. I am worried that by the time sep comes the rates will go up :(
Personally I think you're in a good position and judging from BoC's tone I think the odds are very much in your favor there won't be an increase between now and September.

Top