Closed Fixed Mortgage

4.69% (4.720% APR)1Get a 5-year mortgage rate as low as

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Lock in a 4.69% (4.720% APR) Rate1

Guarantee your 4.69% (4.720% APR)1 5-year closed fixed mortgage rate for 120 days after your pre-approval!

Earn $1,743 in Profit Sharing3

The more business you do with us, the more Member Rewards you earn. Earn $1,743 on a $400,000 mortgage!3

Save $3,840 in Interest4

You'll potentially save $3,840 in interest over five years compared to our competitors' posted mortgage rates.

1 All rates, offers and profit share are subject to approval and can change without notice. Innovation’s 5 Year Closed Fixed Special rate is 4.69% (4.720% APR). To qualify for the 5-year closed fixed special mortgage rate, mortgages must be insured by a guarantee company such as Canada Mortgage and Housing Corporation, Sagen™ (formerly known as Genworth Canada).

3 Member Rewards amount is calculated using a $400,000 mortgage, with a 5-year fixed special rate. Member Rewards allocation rate of 1.85% and dividend rate of 5.63% is used to determine annual allocation amounts over the five-year term.

4 Potential savings over 5 years compared to our competitors posted mortgage of 4.89% on a 5-year closed fixed $400,000 mortgage.

Annual Percentage Rate (APR)
The Annual Percentage Rate (APR) is based on a $300,000 mortgage, 25 year amortization, for the applicable term assuming monthly payments and fee to obtain a calculation of property of $400. If there are no fees, the APR and interest rate will be the same. APR is rounded to three decimal places.