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Own your home sooner with a mortgage from Meridian. Whether you’re a first-time home buyer, or a seasoned homebuyer who’s looking to switch, renew or refinance – we have competitive mortgage interest rates* and flexible options, personalized just for you.
See our Mortgage and Loan Calculator to help you determine your payments.

The Family + Friends Mortgage

As the housing market gets pricier, many Canadians wonder how they’ll ever be able to afford a home – particularly if they’re not in a conventional two income family. That’s why Meridian created the  Family + Friends Mortgage – a practical way for modern families and friends
to join forces and pool their financial resources to afford a larger shared home. 

Learn More

Mortgage Rates

  • Fixed Rate Mortgages
    Rate Featured Rate* Product
    4.00%   6 Month Convertible
    2.84%   1 Year Closed
    2.79%   2 Year Closed
    3.39%   3 Year Closed
    3.89%   4 Year Closed
    4.49% 2.69% 5 Year Closed
    5.29%   7 Year Closed
    5.79%   10 Year Closed
    1.99%   18-Month Closed
* O.A.C Rates are subject to change without notice. Quoted rate is 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. For commercial mortgage rates, please speak to your Commercial Relationship Manager.
Builder's pricing applies to posted rates, not to promotional or special rates.

Fixed Rate Mortgages

Want peace of mind when it comes to your mortgage payments? Having a fixed mortgage means you pay the same amount of principal and interest every month, and can keep your low interest rate for your entire mortgage term. The only surprise you’ll experience is how simple it is.

Fixed Rate Mortgage Features

  • Choose from term lengths ranging from 6 months to 10 years
  • 3% cashback program for 3-5 year mortgage terms
  • Choose a payment schedule that suits you: weekly, bi-weekly, monthly, bi-monthly and accelerated payment - weekly
  • 90-day rate guarantee
  • 20/20 Prepayment Privileges: Pay down up to 20% of the original principal balance, per year, without penalty or increase your monthly payment by up to 20% of your original payment plan each year (or a combination of both)
  • Guaranteed rates for 90 days on resale homes and 120 days on newly constructed homes

Variable Rate Mortgages

Life is full of ups and downs, but a Meridian Variable Rate Mortgage will keep you sailing steady. Although the interest rate can fluctuate, your payments are stable month to month. With a Variable Rate Mortgage, you get more flexibility and a low interest rate. And if interest rates begin to climb, we can help you switch to a Fixed Rate Mortgage, depending on which Variable Rate Mortgage you have.

Variable Mortgage Features

  • Choose a payment schedule that suits you: weekly, bi-weekly, monthly, bi-monthly and accelerated weekly and  bi-weekly
  • 3% cashback program
  • Flexibility to switch to any other option without penalty with an Open Variable Rate Mortgage. One of the key features of an Open Variable Rate Mortgage is the ability to make unlimited, additional payments at any time
  • Switch to a 3-year fixed term or longer, at any time without penalty with a Closed Variable Rate Mortgage

Contact a Mortgage Specialist today or visit a branch to learn more about our great mortgage options.

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Skip-a-Payment, it’s OK

Meridian’s Skip-a-Payment mortgage feature is for when you need a breather. Maybe you’re going through an exciting stage in your life, like getting married or having a baby. Or maybe life has gotten ahead of you or money is tight. Whatever the reason, we can help ease the strain.  Meridian’s Skip-a-Payment feature is as simple as it sounds – we let you skip one month’s mortgage payment so you can have a little breathing room.

Pay down your mortgage faster with 20/20 Prepayment Privileges

Did you know Meridian offers one of the best mortgage repayment options in Canada? Our 20/20 prepayment privileges allows you to prepay up to 20% of the original principal balance through a lump sum payment each year or increase your monthly payments by up to 20% without penalty any time in the year. You can also combine the 2 options as long as the payment isn’t over 20%.

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Simplify your mortgage with our Mortgage and Loan Calculator

Having a mortgage is a long-term commitment. Meridian’s Mortgage and Loan Calculator shows much you can save by changing your payment frequency or making extra payments, as well has helping you understand how much you can afford for your new home.


Try It Now

It’s easy to make the switch

Switch to a Meridian mortgage and see how you can own your home sooner by taking advantage of a lower rate and flexible prepayment privileges. One of our Mobile Mortgage Specialists or in-branch Financial Advisors will do all of the paperwork and speak to your current financial institution for you - so there’s no time, hassle or money wasted.


Mortgage Insurance

Protect your home and your payments with mortgage insurance from Meridian. Our Group Mortgage Protection (GMP) is a monthly premium that helps safeguard your home in case of financial hardships including death, disability or critical illness, for as long as you hold your Meridian mortgage.

To apply for Group Mortgage Protection, find a Meridian branch and chat with us.

Mortgage Specialists Can Help

Whether you’re in the market for a new mortgage or looking to renew, switch or refinance your existing mortgage, Meridian makes it convenient and simple. Our Mortgage Specialists will come to you on your schedule, we’ll meet with you at a location convenient to you (no more rushing to fit your time into bank hours!). Call, email or text one of our Mortgage Specialists today to get started!

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