Current Yukon Mortgage Rates

Rates updated as of December 3, 2020 10:48:01

Nesto Mortgage Rates

TermFixed
1-YR1.71%Mortgage financing companyGet this rateCompare all rates
2-YR1.71%Mortgage financing companyGet this rateCompare all rates
3-YR1.68%Mortgage financing companyGet this rateCompare all rates
4-YR1.68%Mortgage financing companyGet this rateCompare all rates
5-YR1.74%Mortgage financing companyGet this rateCompare all rates
7-YR2.44%Big bankGet this rateCompare all rates
10-YR2.84%Big bankGet this rateCompare all rates
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TermVariable
1-YRNo rates at the moment
2-YRNo rates at the moment
3-YR3.17%Big bankGet this rateCompare all rates
4-YRNo rates at the moment
5-YR1.61%Big bankGet this rateCompare all rates
7-YRNo rates at the moment
10-YRNo rates at the moment
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Broker Mortgage Rates

TermFixed
1-YR1.74%First NationalGet this rateCompare all rates
2-YR1.74%First NationalGet this rateCompare all rates
3-YR1.74%First NationalGet this rateCompare all rates
4-YR1.74%First NationalGet this rateCompare all rates
5-YR1.84%First NationalGet this rateCompare all rates
7-YR2.74%First NationalGet this rateCompare all rates
10-YR2.95%First NationalGet this rateCompare all rates
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TermVariable
1-YRNo rates at the moment
2-YRNo rates at the moment
3-YRNo rates at the moment
4-YRNo rates at the moment
5-YR1.75%First NationalGet this rateCompare all rates
7-YRNo rates at the moment
10-YRNo rates at the moment
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Mortgage Rates with HELOC

TermFixed
1-YR2.54%HELOC ratePrime +1.00%ScotiabankGet this rateCompare all rates
2-YR2.34%HELOC ratePrime +1.00%ScotiabankGet this rateCompare all rates
3-YR2.24%HELOC ratePrime +1.00%ScotiabankGet this rateCompare all rates
4-YR2.19%HELOC ratePrime +1.00%ScotiabankGet this rateCompare all rates
5-YR1.89%HELOC ratePrime +1.00%ScotiabankGet this rateCompare all rates
7-YR2.54%HELOC ratePrime +1.00%ScotiabankGet this rateCompare all rates
10-YR2.94%HELOC ratePrime +1.00%ScotiabankGet this rateCompare all rates
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TermVariable
1-YRNo rates at the moment
2-YRNo rates at the moment
3-YR3.20%HELOC ratePrime +1.00%ScotiabankGet this rateCompare all rates
4-YRNo rates at the moment
5-YR1.70%HELOC ratePrime +1.00%ScotiabankGet this rateCompare all rates
7-YRNo rates at the moment
10-YRNo rates at the moment
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Bank Mortgage Rates

TermFixed
1-YR2.54%ScotiabankGet this rateCompare all rates
2-YR2.34%ScotiabankGet this rateCompare all rates
3-YR2.24%ScotiabankGet this rateCompare all rates
4-YR2.19%ScotiabankGet this rateCompare all rates
5-YR1.89%ScotiabankGet this rateCompare all rates
7-YR2.54%ScotiabankGet this rateCompare all rates
10-YR2.94%ScotiabankGet this rateCompare all rates
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TermVariable
1-YRNo rates at the moment
2-YRNo rates at the moment
3-YR3.20%ScotiabankGet this rateCompare all rates
4-YRNo rates at the moment
5-YR1.70%ScotiabankGet this rateCompare all rates
7-YRNo rates at the moment
10-YRNo rates at the moment
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About Yukon

Yukon is a wild, mountainous and sparsely populated territory in northwest Canada. Kluane National Park and Reserve includes Mount Logan, Canada’s highest peak, as well as glaciers, trails and the Alsek River. In the far north is Ivvavik National Park, with protected calving grounds for Porcupine caribou. In the south are numerous glacier-fed alpine lakes, including boldly coloured Emerald Lake.

Key facts about Yukon:

  • Whitehorse is the territorial capital and Yukon’s only city
  • Whitehorse’s downtown and Riverdale areas occupy both shores of the Yukon River, which originates in British Columbia and meets the Bering Sea in Alaska
  • The city was named after the White Horse Rapids for their resemblance to the mane of a white horse, near Miles Canyon, before the river was dammed
  • Known for snow-capped mountains, volcanoes (active and dormant), glaciers, snowmelt lakes, cold water rivers, coniferous forests and the stark landscape of the Arctic’s frozen tundra
  • The territory has three national parks and eight provincial parks. Kluane National Park and Reserve, located near the Alaskan border, is the most popular national park in the territory. The park’s Saint Elias Mountain Range is home to seven of Canada’s 10 highest mountains, including Mount Logan, the country’s highest point. It was declared a UNESCO World Heritage Site in 1979 for its spectacular glacier and icefield landscapes as well as the importance of grizzly bears, caribou and Dall sheep habitat

 

About the Yukon Housing Market

The Yukon housing market has an ever-rising temperature – despite doomsday predictions that the coronavirus would put a chill on the market. Realtors in Whitehorse, where many real estate transactions in the North take place, saw more activity in the summer of 2020 – and at higher prices – despite the pandemic still being underway. In Whitehorse, developers appear to be capitalizing on high demand. According to Canada Mortgage and Housing Corporation, 143 new houses have been completed in Whitehorse since January, and another 305 are in the works.

 

What are the Different Types of Mortgages?

  • Fixed Mortgages. Fixed-rate mortgages make up 70% of all mortgages in Canada. A fixed-rate mortgage keeps your interest rate steady over the term of your mortgage (1-10 years). There’s no doubt that the five-year fixed-rate mortgage is the most common choice selected by Canadian homeowners. But, this isn’t the best option for everyone, regardless of its popularity. Fixed-rate mortgages appeal to homebuyers who are looking for a dependable payment schedule, manage a tight monthly budget or are generally more conservative. For instance, Millennials with large mortgages relative to their income may be better off opting for the peace of mind provided by a fixed rate and payments. 
  • Variable Mortgages. A variable-rate mortgage fluctuates with the lender’s prime rate throughout your mortgage term. While your mortgage payment will remain the same over your term, your interest rate may change based on market conditions. So, if the prime rate rises or falls, this impacts the amount of principal you pay off each month. When rates on variable-rate mortgages drop, more of your payment is applied to your principal balance. And, conversely, if rates increase, more of your payment will go towards the interest portion of your mortgage. Historically, variable rates have paid off for Canadians over time.

 

How nesto Works

We offer all the help of a mortgage broker, without the commission. Simply put, our salaried mortgage advisors are rewarded based on your satisfaction. We’re here to help you reach your goal and guide you through the complicated world of home financing. #yesyoucan #empowermentisthenewsexy

Every mortgage professional knows the market’s best rates every time they check their email. Only a few of them will give you that rate without making you work for it. nesto’s here to change the industry for this very reason. You always get the best rate upfront with nesto.

Yukon Mortgage payment calculator