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Prince Edward IslandLive ratesUpdated Jun 24, 2026

Prince Edward Island mortgage rates.

Smallest provincial market with strong out-of-province in-migration since 2020, pushing Charlottetown prices materially upward. Tourism and retirement economy.

5-star rated| FSRA #13737| 50+ languages

Best Prince Edward Island rates

Updated Jun 24, 2026

5-yr fixed

4.19%

5-yr variable

3.60%

3-yr fixed

4.19%

2-yr fixed

4.14%

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Live · updated Jun 16, 2026

Lowest offer per term across 100+ lenders

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Lender

Term

Type

Rate

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PB

Peoples Bank Best

Bank

5-yr

Variable

3.60%APR 3.60% · $2,826/mo

PB

Peoples Bank Best

5-yr · Variable

3.60%

APR 3.60% · $2,826/mo

Marathon Mortgage Corp

Monoline Broker-only

0.5-yr

Fixed

3.64%APR 3.64% · $2,837/mo

Marathon Mortgage Corp

0.5-yr · Fixed Broker-only

3.64%

APR 3.64% · $2,837/mo

Radius Financial

Monoline Broker-only

3-yr

Variable

3.65%APR 3.65% · $2,840/mo

Radius Financial

3-yr · Variable Broker-only

3.65%

APR 3.65% · $2,840/mo

Scotiabank

Bank

2-yr

Fixed

4.14%APR 4.14% · $2,988/mo

Scotiabank

2-yr · Fixed

4.14%

APR 4.14% · $2,988/mo

Marathon Mortgage Corp

Monoline Broker-only

5-yr

Fixed

4.19%APR 4.19% · $3,004/mo

Marathon Mortgage Corp

5-yr · Fixed Broker-only

4.19%

APR 4.19% · $3,004/mo

PB

Peoples Bank

Bank

3-yr

Fixed

4.19%APR 4.19% · $3,004/mo

PB

Peoples Bank

3-yr · Fixed

4.19%

APR 4.19% · $3,004/mo

PB

Peoples Bank

Bank

4-yr

Fixed

4.29%APR 4.29% · $3,034/mo

PB

Peoples Bank

4-yr · Fixed

4.29%

APR 4.29% · $3,034/mo

First National

Alternate Broker-only

1-yr

Fixed

4.69%APR 4.69% · $3,159/mo

First National

1-yr · Fixed Broker-only

4.69%

APR 4.69% · $3,159/mo

Home Trust

Alternate Broker-only

6-yr

Fixed

4.79%APR 4.79% · $3,190/mo

Home Trust

6-yr · Fixed Broker-only

4.79%

APR 4.79% · $3,190/mo

Scotiabank

Bank

7-yr

Fixed

5.10%APR 5.10% · $3,289/mo

Scotiabank

7-yr · Fixed

5.10%

APR 5.10% · $3,289/mo

TD Canada Trust

Bank

10-yr

Fixed

5.34%APR 5.34% · $3,366/mo

TD Canada Trust

10-yr · Fixed

5.34%

APR 5.34% · $3,366/mo

Est. payment shown on a $700,000 home, 20% down, 25-yr amortization. Rates updated daily. O.A.C., E.&O.E.

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Prince Edward Island rates by term

Compare the best Prince Edward Island rate for each term — fixed and variable.

5-Year Fixed 5-Year Variable 3-Year Fixed 3-Year Variable 2-Year Fixed 1-Year Fixed 4-Year Fixed 7-Year Fixed 10-Year Fixed

Benchmark price

$385,000

Prince Edward Island provincial average · 2026

PEI Real Property Transfer Tax

Flat 1.0% on the greater of purchase price or assessed value. Calculated at closing.

Bona fide first-time buyers purchasing under $200K are exempt; partial exemption for FTHB up to $264K.

Regulator

Office of the Superintendent of Insurance and Real Estate

Official site →

Top Prince Edward Island lenders

RBCScotiabankProvincial Credit UnionTDMCAPFirst National

Why Prince Edward Island rates work the way they do

PEI has thin lender competition — Big-6 + monolines plus Provincial Credit Union dominate. Tourism-economy short-term-rental investor files have become common since 2020 (especially in Charlottetown and the North Shore).

Foreign-buyer rules: Federal foreign-buyer ban applies through 2027. PEI separately requires non-resident buyer approval for properties exceeding 5 acres or shore frontage greater than 165 feet (Lands Protection Act).

Mortgage brokers in Prince Edward Island

Same FSRA license, same 100+ lender network — applied to each Prince Edward Island market.

All Prince Edward Island cities →

Today’s rate read · Prince Edward Island

AI-generated from the live board · live feed · as of 2026-06-16T10:19:30.225Z

Maya

4.19%

5-yr fixed

3.60%

5-yr variable

5.95%

Lender prime

4.25%

BoC overnight

Today's posted ranges (illustrative — see /rates for live): • 5-yr fixed: ~4.19–4.39% • 5-yr variable: ~4.04–4.24% • 3-yr fixed: ~4.29–4.49% • HELOC: ~6.45% Fixed gives certainty, variable historically wins long-term but moves with the BoC. Want me to model both for your scenario?

Estimates only — your rate depends on your file. FSRA #13737.

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FAQ

Prince Edward Island mortgage rates — common questions.

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Yes — bona fide first-time buyers purchasing under $200K are fully exempt from PEI Real Property Transfer Tax. Partial exemption is available up to $264K. Above that threshold, the standard 1.0% rate applies on the full purchase price.

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