A little wisdom from those who have been there: It’s not just a financial transaction, it’s your life. Sooner or later, you have to keep moving forward. In the 20 or 30 years it takes to repay a mortgage, the day you first get approval is not much interest.
Especially when you surpass Canada’s top five banks, you will now find attractive prices. For example, British Columbia buyers can find high prices in Coast Capital Savings credit unions. Based on independent external third-party market research, its five-year high-ratio fixed mortgages have lower advertising rates than the Big Five (as of October 30, 2024).
Additionally, for a limited time, you can get a cash bonus when opening a new mortgage or converting an existing mortgage to Coast Capital. Current and new Coast Capital customers offer this offer – more details below.
What is coastal capital?
Coastal capital is different from banks. This is Canada’s largest credit union based on its membership, and it dates back over 80 years. Owned by nearly 600,000 members, it is headquartered in Surrey, with 45 full-service branches in British Columbia.
Like any cooperative, Coast Capital pays attention to the needs of its members. In fact, this is a certified B company known for its socially used business model. Every year, Coast Capital reinvests 10% of its bottom line back into the communities it serves, focusing on projects and programs that unlock economic opportunities and ways for Canadians to earn incomes. These donations have increased by more than $100 million over the past two decades.
“Budget and saving are important, but in many cases, these strategies are not enough,” said Catherine Wood, Coast Capital’s main strategy, product and marketing officer. “As more and more people are unable to keep up with the rising cost of living, it is clear that Canadians need to make more money to improve their financial reality. At Coast Capital, we believe that starting with access to education and training enables people to start, promote their careers, and even change their careers.”
What is the mortgage interest rate for Coast Capital?
Currently, Coast Capital is offering a five-year fixed high-ratio mortgage (annual percentage) with a 3.96% APR (annual percentage) and a 4.14% APR. A five-year variable rate high-ratio mortgage is available on an APR of 4.04%. (As of March 25, 2025, the rates are current.)
And, if you act now, you can get one of Canada’s lowest advertising mortgage rates with a five-year fixed high-yield mortgage loan from Coast Capital. Get member-first interest rates and use collateral and qualified products up to $4,600. (The conditions apply. Please see the full terms and conditions.) This offer will expire on June 30, 2025.
