Mortgage Rates

Packaging your deals isn’t always easy, but it’s a lot easier when you have our rates handy—and a good BDM to help you through it. Fortunately, we have both! Find our most up-to-date rate information on all Gateway mortgages below. Get your deals in quick to secure the best rate for your clients.

Bridgewater Bank Gateway mortgages can be used for purchases, refinances or equity take-outs. Our mortgages are available in 1 year, 2 year and 3-year terms.

Gateway Alternative Mortgages

The rates shown below are subject to full underwriting policy and may change without notice. Our rates were last revised on January 23, 2023, and are effective as of today.

Rate premiums, including the following, may apply:

• Well and septic
• Condos
• Rural locations
• Complex BFS
• Acreages
• Rental properties
• Paying out Revenue Canada

A simple conversation with your BDM could make all the difference when it comes to alt mortgages. That’s because we take your client’s circumstances and the nature of the deal into account when setting the rate.

Bank of Canada Benchmark Rate

The Bank of Canada’s Benchmark rate currently sits at 4.50%. For more information, visit bankofcanada.ca.

Prime Rate

_{*The quoted rates are an Annual Interest Rate (AIR). The AIR is compounded semi-annually, not in advance. The Annual Percentage Rate (APR) is calculated using the AIR plus the lender fee. When communicating rates to a consumer, you must provide the consumer with AIR and the APR, which will be provided to you in a mortgage commitment and disclosure statement.}

_{**The APR calculations are based on a 1-year, $300,000 loan with a 30-year amortization and loan fee of 1%. For AIR 6.54% = APR 7.54%, AIR 6.64% = APR 7.64%, AIR 6.79% = APR 7.79%, AIR 7.39% = APR 8.39%, AIR 7.69% = APR 8.69%.}