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Changes to Mortgage Interest Rates

15. November 2024

As of November 15, interest rates on new LSR mortgages will change. The interest rates for non-indexed loans will decrease by 0.5%, while the interest rates for indexed loans will increase by 0.2%.

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Starting November 15, the interest rates for new LSR mortgages will be adjusted as follows:  

Non-indexed loans:

The interest rate will decrease by 0.5 percentage points, resulting in a rate of **9.0%**. Non-indexed loans for LSR members have fixed rates for 36 months at a time.  

Indexed variable-rate loans: 

The interest rate will increase by 0.2 percentage points, resulting in a rate of **4.5%**. Variable rates for indexed LSR loans are fixed for 3 years at a time.  

Indexed fixed-rate loans:

The interest rate will increase by 0.2 percentage points, resulting in a rate of **4.5%**. Fixed rates for indexed LSR loans remain unchanged throughout the entire loan term.