Discretionary Rates

Discretionary rates are unpublished discounted rates that Big 6 banks offer to borrowers with at least 20% equity.

The best discretionary rates are made available to top customers and those who negotiate.

MLN estimates the median discretionary rates for the Big 6 banks in its Canadian Mortgage Rate Survey. The estimates assume a well-qualified borrower seeking a standard uninsured mortgage on their primary residence.

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