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Keep your options open with a rate that follows the market


Pay more or less interest, depending on the prime rate. You could pay off your mortgage faster. Plus, you can switch to a fixed rate any time.

Our rates and terms


Term Rate Get started
5-Year Open 4.45% Find a branch
5-Year Closed 2.85% Apply

Get personalized advice

Our Mortgage Specialists can tell you more about how to get a mortgage and give you expert advice on becoming a home owner.


Want to do the math?

Find out how much mortgage you can afford or figure out your mortgage payment with our helpful calculators.


Meridian mortgage perks


Be mortgage-free sooner


We call it 20/20 prepayment. Pay off up to 20% more of your mortgage each year through a combination of prepaying more of your original principal balance and increasing your original mortgage payment.


Skip a payment


Life happens. Breathe easier knowing that you can skip one month’s mortgage payment once every 12 months with no penalty.
 


Flexible schedules


Choose from weekly, bi-weekly, monthly, bi-monthly, or accelerated weekly or bi-weekly payment plans - whatever works for you.


Mortgage protection


Take advantage of CUMIS Group Mortgage Protection (GMP) - a monthly premium that helps safeguard your home in case of financial hardships as a result of conditions such as death, disability or critical illness.


 

Apply online in 3 easy steps


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1. Create your profile.

Generally, we’ll hold any of our advertised rates for you for 90 days unless otherwise stated. No questions asked and no further commitment.

application documents

2. Submit your application.

Then, we’ll provide you with your free credit score and send you a list of any other documents we need from you to complete your application.

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3. Get approved.

Once your application is complete we’ll send you a final approval within a few business days.


Looking for something else?


Fixed rate mortgages

Lock in a great rate and enjoy interest and payments that stay the same even if the market shifts.

Learn more

High ratio mortgages

Buy with less than 20% down to get into the market faster. Great for first-time buyers.

Learn more

Construction mortgages

Build from scratch or improve a fixer-upper with options designed for construction and renovation.

Learn more

Let's talk about your mortgage

Whether you’re getting your first mortgage, renewing, switching or refinancing, we can help. Feeling good about your mortgage can start with a conversation. Get in touch or arrange for one of our Mortgage Specialists to come to you. It’s easy.