Bank of China (Canada)
Schedule II bank operating in the Greater Toronto Area, Vancouver, Calgary and Montreal with fixed and variable mortgages in open or closed terms. Open terms can be repaid any time without a prepayment fee but carry higher rates. It lends Ontario, British Columbia, Alberta, Quebec.
Prepayment-penalty method
Standard penalty (about three months' interest)
Breaking early is penalized at roughly three months' interest, an open-style penalty that is generally on the lower, more predictable end.
See what breaking a mortgage early could costWho it tends to fit
- Self-employed and business-owner borrowers
General signals only. Approval depends on the full application; a lender that fits on paper still has to say yes.
What you can do with it
- Buying a home
Rate types
- Fixed rates
- Variable rates
Where it lends
Ontario, British Columbia, Alberta, Quebec
Good to know
- Applications are taken in person at a branch only.
- The bank asks for proof of income, preferably covering the last 3 years.
- Maximum loan-to-value is not published; treat 80% conventional as the working assumption.
How to reach Bank of China (Canada)
You deal with this lender directly, no broker required. This is educational information, not a rate quote; confirm current rates and terms directly.
Visit Bank of China (Canada)Educational summary; rates, terms, and approval are set by the lender.
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Educational information about Canadian mortgages, not financial or mortgage advice. This tool is offered by Jordan Avery, Mortgage Agent (Level 2), Licence M23999999 · Maple Key Mortgages Inc., FSRA Brokerage Licence 13999 and operated by LenderSearch; figures are estimates. Confirm all rates, terms, and eligibility directly with the lender before acting.