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Variable rates did not move this week and will remain steady until the central bank presumably increases interest rates again on Dec. 7.Gene J. Puskar/The Associated Press

The lowest uninsured two-year fixed mortgage rates, popular among people who want to lock in for a few years and refinance when the Bank of Canada cuts rates, are at 5.69 per cent this week. The lowest insured two-year fixed rates available are from QuestMortgage at 4.99 per cent.

Variable rates didn’t move this week. They will remain steady until the central bank presumably increases interest rates again on Dec. 7 and pushes some borrowers closer to their trigger rate.

Finally, the lowest-cost widely advertised HELOC still comes from HSBC, right at prime (5.95 per cent).

As of Wednesday Nov. 16, these are the lowest nationally available mortgage rates in Canada, from providers that advertise rates online and lend in at least nine provinces.

Lowest nationally available mortgage rates

1-year fixed5.69%CanWise Financial4.99%Quest Mortgage
2-year fixed5.69%Simplii4.99%Quest Mortgage
3-year fixed5.59%First National4.99%Quest Mortgage
4-year fixed5.54%First National4.99%Quest Mortgage
5-year fixed5.44%HSBC4.94%CanWise Financial
10-year fixed5.94%HSBC5.94%HSBC
Variable5.45%Marathon Mortgage4.75%Nesto
5-year hybrid5.50%HSBC5.56%Scotia eHOME

As of Nov. 16

Insured rates apply to those buying with less than a 20-per-cent down payment, or those switching a pre-existing insured mortgage to a new lender. Uninsured rates apply to refinances and purchases over $1-million and may include applicable lender rate premiums. For providers whose rates vary by province, their highest rate is shown.

Robert McLister is an interest rate analyst, mortgage strategist and editor of You can follow him on Twitter at @RobMcLister.