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Meridian's rates are changing - here's the latest:

At Meridian, we believe the more you know, the easier it is to succeed at planning your finances so you can achieve a better life. That's why we let our Members know about upcoming rate changes before they even happen.

The following mortgage rates will be changing as of Thursday, August 22, 2019:

5 Year Fixed Closed Mortgage Rate Special 

Current Rate: 2.82%
​New Rate: 2.49%

Effective Thursday, August 22, 2019

5-Year Fixed Closed Mortgage Rate Special
(High Ratio* only)

Current Rate: 2.64%
​New Rate: 2.39%

​Effective Thursday, August 22, 2019

Offer may change or be withdrawn at any time without notice. O.A.C. Rates are subject to change without notice. Quoted rates are based on blended payments of principal and interest and is the regulatory Annual Percentage Rate if there is no cost of borrowing other than interest. Interest is calculated half-yearly, not in advance. Where applicable, the Bank of Canada qualifying rate is 5.19%.

*A High Ratio mortgage is applicable in cases where a borrower places a down payment of less than 20% of the purchase price on a home.

For a purchase price of $500,000 or less, the minimum down payment is 5%. When the purchase price is above $500,000 and under $1,000,000, the minimum down payment is 5% for the first $500,000 and 10% for the remaining portion.