Finally put the 'me' in homeowner.
Make it happen with a financial partner that sticks around longer than outdated wallpaper.We’re ready to help you make progress toward your goal with:
We’re ready to help you make progress toward your goal with:
Quick approvals
Tailor-fit processes
Expert guidance
Flexible payment options
Cash back offer
Get up to $25,000* Cash Back on a Northern mortgage to upgrade your space, save on moving expenses, pay for post-secondary education, and more.
Talk to a mortgage expert
Book your appointment
Your homebuying journey starts here.
For most of us, buying a home is the most important and significant investment we’ll ever make. Our homebuyers’ guide will walk you through every step of the process—from finding out what you can afford and budgeting for your future home, to stepping through the front door for the very first time.
We are with you every step of the way.
There's a lot to consider when buying a home. This handy checklist will take you from dreaming about a new home, to owning it.
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Don't worry about transfer fees.
Already have a mortgage somewhere else? We make the switch to Northern easy and worthwhile, by paying up to $1,250** in transfer fees.
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How much home can you afford?
Current Rates
| CURRENT MORTGAGE RATES
Rates Effective: 2025-05-28 |
Rate |
|---|---|
| 6 Month Open |
8.50
|
| 1-Year Open |
8.99
|
| 1-Year Closed |
5.69
|
| 2-Year Closed |
5.79
|
| 3-Year Closed |
5.89
|
| 4-Year Closed |
5.99
|
| 5-Year Closed |
6.09
|
| MORTGAGE SPECIALS | Rate |
|---|---|
| 5-Year Closed High Ratio |
4.19
|
| 5-Year Closed Conventional |
4.49
|
| 3 Year Closed High Ratio |
4.14
|
| 3 Year Closed Conventional |
4.44
|
| VARIABLE MORTGAGES | Rate |
|---|---|
| 5-Year Open |
6.95
|
| HOME EQUITY LINES OF CREDIT | Rate |
|---|---|
| Meritline |
5.45
|
Mortgage Calculator
Purchase + Improvements
With a Purchase Plus Improvements Mortgage, you can start your custom home improvements the day you get your keys and roll the costs right into your mortgage payment. Just like a traditional mortgage, put only 5% down from personal savings, RRSP contributions, existing home equity, or other conventional sources. Offering 3–5-year terms at a competitive rate, tailor your Purchase Plus Improvements Mortgage to suit your needs.
Talk to a mortgage expert
Advice & resources for your mortgage journey.
Buying your first home?
Discover tools, resources and advice that’ll help you when you’re buying your very first home.
Buying a new home?
Whether you’re moving, buying an investment property or a camp by the lake, we’re here for you with tools, resources and homebuying advice you can trust.
Renewing your mortgage?
Take advantage of our great rates and expert mortgage advice. Plus, if you switch to Northern, we’ll cover up to $1,250 of your mortgage transfer fees.
*Terms and conditions apply, offer subject to change at any time. Please contact us for more information.
*Cash back cannot be used as a down payment for new purchases. Available on Fixed Closed 3-5 Year Term Mortgages only. The maximum cash back amount is $25,000 based on the full mortgage amount, including high ratio premium.
**Switch to Northern and get up to $1,250 on Mortgages $100,000 or more.
