Laurentian Bank mortgage rates (2026): what to know

Laurentian Bank mortgage rates are in transition. Laurentian Bank of Canada is leaving personal banking: its personal and small-business clients, including residential mortgage holders, are moving to National Bank, with the migration scheduled for the weekend of November 6 to 8, 2026. The rest of Laurentian, including the broker-focused B2B Bank, is being acquired by Fairstone Bank (Laurentian Bank, National Bank). Laurentian's mortgage rates page was still online in early October 2026. This guide explains what's changing and how Laurentian's mortgages have worked, with Bank of Canada averages for context, not Laurentian's prices.

Dibz isn't affiliated with or endorsed by Laurentian Bank, National Bank, Fairstone Bank or B2B Bank. Trademarks belong to their owners. Figures shown are Bank of Canada averages, not offers; talk to a licensed mortgage professional before you decide.

Laurentian Bank quick facts (as of October 2026)

• Personal mortgages: transferring to National Bank, along with accounts, credit cards, lending and investments.
• Migration weekend: November 6 to 8, 2026. National Bank says migrated clients can use its products and services from November 9.
• Branches: Laurentian says its branches will close permanently, and its ATMs will stop working, on Friday, November 6, 2026 at 4:00 p.m. ET.
• Closing: the transactions are expected to close on November 1, 2026, subject to remaining conditions.
• Staying with Laurentian (under Fairstone): commercial real estate financing, Northpoint Commercial Finance, B2B Bank, capital markets and LBC Digital.
• Prepayment on closed fixed mortgages: the "15/15 option", 15% of the original loan each year plus a payment increase of up to 15%.

The timeline

Laurentian's transaction page, last updated October 5, 2026, lists the milestones:

• December 2, 2025: Laurentian announced it would focus on commercial banking. National Bank would acquire its retail and small-business banking and syndicated loan portfolios, and Fairstone Bank would acquire all of Laurentian's common shares.
• February 5, 2026: shareholders approved the transaction.
• June 26, 2026: the federal Minister of Finance approved the acquisition of Laurentian's shares.
• August 31, 2026: Laurentian announced it had received the final key regulatory approvals.
• November 1, 2026: expected closing date.

After closing, Laurentian becomes a wholly owned subsidiary of Fairstone Bank, keeping its brand and its head office in Montreal.

What it means if you have a Laurentian mortgage

Laurentian says personal clients don't need to do anything. Products held with Laurentian Bank or LBC Financial Services Inc. are being transferred to National Bank at no cost. Clients should receive a migration letter and a Product and Service Migration Guide by email and mail; Laurentian asks anyone who hadn't received them by October 13 to contact their branch or client services.

The migration guide is the document that explains how your specific mortgage carries over. Until the migration, Laurentian continues to service your products. Both banks also warn that they will never call, text or email to ask for passwords, PINs or verification codes, a useful reminder during any bank transition.

Once you're a National Bank client, your future renewals, prepayment requests and any refinancing will be handled by National Bank. Our National Bank guide explains its prepayment privileges and penalty formula, which differ from Laurentian's.

What about B2B Bank?

B2B Bank, Laurentian's subsidiary that works with mortgage brokers and financial advisors, stays with Laurentian under Fairstone. On its broker page, B2B Bank describes broker mortgages and home equity lines of credit ranging from traditional to more flexible lending, for single-family through multi-unit homes. Laurentian says products in the lines of business staying with it, B2B Bank included, "remain unchanged for now", and that clients will get advance notice of any changes.

How Laurentian's mortgages have worked

Laurentian's fixed-rate mortgage page describes:

• Terms: closed from 6 months to 10 years; open terms of 6 months and 1 year.
• Payments: monthly, month-end, biweekly or weekly, with accelerated options.
• Rate guarantee: up to 120 days on a pre-approval.
• The 15/15 option: once a year, extra payments of up to 15% of the original loan amount, and a payment increase of up to 15%. The privilege applies to each loan separately if your mortgage is split into more than one.

Laurentian's penalty calculator page confirms there's no penalty for prepaying within the 15% privilege on a closed term, or on an open term. We couldn't find Laurentian's full penalty formula on a public page, so check your Cost of Borrowing Disclosure Statement for the details.

Posted vs discounted rates

Like other banks, Laurentian has published posted rates, and many borrowers were offered less. Posted rates matter because many banks use them in interest rate differential penalties, and the stress test for a new mortgage uses the higher of 5.25% or the contract rate plus two points (FCAC).

How Laurentian compares with the chartered-bank benchmark

Laurentian isn't one of the six banks behind the Bank of Canada's posted-rate benchmark. That benchmark is still a useful backdrop for anyone renewing in the next few years, because it shows how much posted rates have moved since many current mortgages were signed:

Chartered banks' conventional (posted) 5-year mortgage rate. A chartered-bank benchmark, not Laurentian's or National Bank's rate. Most borrowers pay less than posted.

Source: Bank of Canada (free at bankofcanada.ca)

Show the numbers

Month	Posted 5-year fixed
Dec 2021	4.79%
Dec 2022	6.49%
Dec 2023	7.04%
Dec 2024	6.49%
Dec 2025	6.09%
Oct 2026	6.19%

Renewal tips during the transition

• Read your migration documents first. They explain how your mortgage moves and who to contact.
• Check your maturity date. If it falls near the November migration, ask how the renewal will be handled and by which bank.
• Know your options. At maturity you can renew or move to another lender. Since November 2024, a straight switch of an uninsured mortgage to another federally regulated lender generally doesn't require a new stress test.
• Compare against averages. The Bank of Canada figures in the box above show what borrowers across lenders have recently paid.
• Use any remaining privilege. If you plan a lump sum, check how much of your 15% room is left before your mortgage moves.

Try our mortgage calculator to see your payment at different renewal rates.

Related reading

See the National Bank guide, 5-year fixed mortgage rates and HELOC rates.

FAQ

Does Laurentian Bank still offer mortgages?

Laurentian is exiting personal banking. Its personal clients, including mortgage holders, are moving to National Bank, with the migration scheduled for November 6 to 8, 2026. Its broker-facing subsidiary, B2B Bank, stays with Laurentian, which is becoming part of Fairstone Bank.

What happens to my Laurentian Bank mortgage?

It is being transferred to National Bank at no cost, and Laurentian says you don't need to take action. Your migration letter and Product and Service Migration Guide explain the details for your mortgage.

Who bought Laurentian Bank?

Fairstone Bank is acquiring all of Laurentian's common shares, and Laurentian will become its wholly owned subsidiary. National Bank is acquiring the retail and small-business banking portfolios.

Is B2B Bank affected?

B2B Bank stays with Laurentian under Fairstone. Laurentian says products in those lines of business remain unchanged for now and that clients will be notified in advance of any changes.

Are the rates on this page Laurentian's rates?

No. They are Bank of Canada averages across lenders, not Laurentian's or National Bank's rates.

Sources

• Laurentian Bank: Transaction information and FAQ
• National Bank: Laurentian Bank migration information hub
• National Bank: Personal banking migration
• Laurentian Bank: Press release, December 2, 2025
• Laurentian Bank: Press release, August 31, 2026
• Laurentian Bank: Fixed-rate mortgage
• Laurentian Bank: Prepayment penalty calculator
• Laurentian Bank: Mortgage rates
• B2B Bank: Working with mortgage brokers
• FCAC: Preparing to get a mortgage
• Bank of Canada: posted 5-year mortgage rate series (free at bankofcanada.ca)

This article is general information, not financial advice. Details of the Laurentian Bank transition can change; confirm with Laurentian Bank and National Bank. Rates shown are Bank of Canada averages, not offers. Talk to a licensed mortgage professional before choosing a mortgage.