Mortgage Rates in Prince Edward Island: Today's Best Current Rates
The best mortgage rates in PEI today start at 4.19% on a 5-year fixed (insurable shelf) and 3.70% on a 5-year variable. Rates are set nationally; what changes across a provincial border is the cost of closing — land transfer tax, sales tax on the insurance premium, and legal convention.
Which shelf are you actually shopping? Enter the numbers and we will filter the board to the rates you can really get.
Loan-to-value 90.0% · insured
Under 20% down, so default insurance is mandatory and the premium is added to the mortgage.
Lenders ask our rates only be disclosed to potential borrowers.
Login to browse all lender rates & offers for each term by program choice.
| Lender | Term | Category | Rate | APR | |
|---|---|---|---|---|---|
| Insurable lender Sign in to see the lender | 1 yr fixed | Insurable ≤80% | 4.19% | — | Get this rate |
| Sign in to reveal | 1 yr fixed | Insurable ≤65% | 4.54% | — | Get this rate |
| Sign in to reveal | 1 yr fixed | Insurable ≤80% | 4.59% | — | Get this rate |
| Insurable lender Sign in to see the lender | 1 yr variablePrime + 0.00% | Insurable ≤80% | 4.95% | — | Get this rate |
| Insurable lender Sign in to see the lender | 2 yr fixed | Insurable ≤80% | 4.31% | — | Get this rate |
| Sign in to reveal | 2 yr fixed | Insurable ≤65% | 4.31% | — | Get this rate |
| Sign in to reveal | 2 yr fixed | Insurable ≤80% | 4.34% | — | Get this rate |
| Exclusive Lender Exclusive | 3 yr fixed | Insurable ≤80% | 4.19% | — | Get this rate |
| Sign in to reveal | 3 yr fixed | Insurable ≤80% | 4.29% | — | Get this rate |
| Sign in to reveal | 3 yr fixed | Insurable ≤80% | 4.29% | — | Get this rate |
| Insurable lender Sign in to see the lender | 3 yr variablePrime − 0.93% | Insurable ≤80% | 4.02% | — | Get this rate |
| Sign in to reveal | 3 yr variablePrime − 0.80% | Insurable ≤80% | 4.15% | — | Get this rate |
| Sign in to reveal | 3 yr variablePrime − 0.55% | Insurable ≤80% | 4.40% | — | Get this rate |
| Exclusive Lender Exclusive | 4 yr fixed | Insurable ≤80% | 4.29% | — | Get this rate |
| Sign in to reveal | 4 yr fixed | Insurable ≤80% | 4.39% | — | Get this rate |
| Sign in to reveal | 4 yr fixed | Insurable ≤65% | 4.59% | — | Get this rate |
| Exclusive Lender Exclusive | 5 yr fixed | Insurable ≤80% | 4.19% | — | Get this rate |
| Sign in to reveal | 5 yr fixed | Insurable ≤80% | 4.29% | — | Get this rate |
| Sign in to reveal | 5 yr fixed | Insurable ≤80% | 4.49% | — | Get this rate |
| Exclusive Lender Exclusive | 5 yr variablePrime − 1.25% | Insurable ≤80% | 3.70% | — | Get this rate |
| Sign in to reveal | 5 yr variablePrime − 1.15% | Insurable ≤80% | 3.80% | — | Get this rate |
| Sign in to reveal | 5 yr variablePrime − 1.15% | Insurable ≤80% | 3.80% | — | Get this rate |
| Exclusive Lender Exclusive | 7 yr fixed | Insurable ≤80% | 4.99% | — | Get this rate |
| Sign in to reveal | 7 yr fixed | Insurable ≤80% | 5.09% | — | Get this rate |
| Sign in to reveal | 7 yr fixed | Insurable ≤80% | 5.29% | — | Get this rate |
| Exclusive Lender Exclusive | 10 yr fixed | Insurable ≤80% | 5.29% | — | Get this rate |
| Sign in to reveal | 10 yr fixed | Insurable ≤80% | 5.39% | — | Get this rate |
| Sign in to reveal | 10 yr fixed | Insurable ≤65% | 5.39% | — | Get this rate |
No rates match that combination. Widen the filters — and remember the board is what we could verify this week, not every rate that exists.
Please Note: Some conditions may apply. Rates may vary from Province to Province. Rates are subject to change without notice. Posted rates may be high ratio and/or quick close, which differs from conventional rates. The mortgage rates are provided as guidance only, and the accuracy of these rates is not guaranteed. The rate provided by any financial institution listed, or any approval or decline you receive, will be based solely on your personal situation. You are strongly encouraged to speak with a licensed mortgage professional for the most accurate information and determine your eligibility.
Rates are the lowest we have collected for each combination and are not an offer or a commitment to lend by anyone. Every payment on this site uses semi-annual compounding, the Canadian standard.
What Prince Edward Island actually changes about a mortgage
Prince Edward Island follows the standard national rules on qualification, insurance and amortization.
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Fixed and variable mortgage rates by term
Prince Edward Island mortgage rate questions
What are the best mortgage rates in Prince Edward Island today?
On the board updated 2026-08-31, the lowest 5-year fixed available in Prince Edward Island is 4.19% (insurable shelf) and the lowest 5-year variable is 3.70%. Rates are set nationally, so the PEI figure is the national board filtered to lenders that actually fund here.
Are mortgage rates different in Prince Edward Island?
Barely. Rates are set nationally by lenders, and the differences you see between provinces come from which lenders operate where, not from the province itself. What genuinely differs by province is the cost of closing — land transfer tax, sales tax on the insurance premium, and legal convention.
Which lenders operate in Prince Edward Island?
Most lenders we track. Credit unions are the usual exception, since many are provincially chartered and lend only in their own province. See the directory →
Sources and how to read this board
Rates are collected from lender rate sheets and checked by the RateShop rate desk; the board's own as-of date is printed on it. The rules the shelves follow are set by OSFI Guideline B-20 (the qualifying rate and stress test), the Department of Finance mortgage insurance rules ($1.5M price cap, 25-year amortization on insured files) and the three insurers — CMHC, Sagen and Canada Guaranty. Variable rates move with the Bank of Canada policy rate, through prime.
The math is free. Acting on it is the point.
When you are ready to do something with these numbers, we will introduce you to a licensed broker who can put the file in front of lenders. Nothing here obliges you to.
