Our guide to Manulife mortgages

James Rodriguez James Rodriguez updated on 2022-03-31

When it comes to mortgages, there are a lot of things to think about. What’s the interest rate? What’s the term? Do you want a fixed or a variable interest rate?

There are lots of important questions to ask when you’re shopping around for a mortgage. But at the top of that list is without a doubt, "which mortgage lender should you work with?"

Each lender has its own set of pros and cons, so it’s important to understand the differences before you decide which one is right for you. In this review, we take a close look at Manulife mortgages and their current rates.

About Manulife

Manulife is a leading international financial services providers that offers insurance, mortgages and many more products. For over 155 years, they have been primarily operating in Canada, Asia and the United States. They operate as John Hancock in the United States and Manulife elsewhere. They have paid out over $31.6 billion to customers in benefits and claims in last 12 months.

Our review of Manulife

Manulife offers a Manulife One account that combines your debt and savings into one place. Manulife One gives you more control over your mortgage, with many interesting and unique features designed to empower you as a borrower. On their website, there are many useful tools available to you, for example mortgage calculators and a broad FAQ section. We like the dependable customer service that Manulife offers, making your mortgage experience more simple.

Manulife mortgage pros and cons

Here are some of the advantages and disadvantages of Manulife mortgages:

Why Manulife might be right for you:

Ability to increase or reduce monthly payments
Lock in different portions of your debt as either fixed or variable and on an open or closed term

Why Manulife might not be right for you:

Small monthly fee until you account is a positive balance
Slightly more expensive than more simple mortgage lenders

To find the best mortgage rates, it is important to weigh quotes from different lenders. Subtle differences in the interest rates, term lengths and fine print can mean tens of thousands of dollars over the course of the mortgage. Use our free, online mortgage rates comparison tool today to help you find the perfect provider!

Compare mortgage rates now

Get the best mortgage rates in just seconds

What types of mortgages does Manulife offer?

Below is a table showing some details about the different mortgage plans Manulife offers. Most providers will offer a variety of mortgage options.

Coverage type
  • Buying a home
  • Switching provider
  • Refinancing
  • Using your home's equity
  • Commercial property
  • Mortgage renewal
Customizable mortgages
Online calculators?
Online pre-approval
Manulife mortgage details

What mortgage rates does Manulife offer?

There are two main types of mortgage rates in Canada: fixed and variable rates.

Fixed-rate mortgages are a great option for people who want to know exactly what their interest rate will be throughout the entire course of their loan term. With a variable rate, your payments change based on market conditions. This could mean rates that go up over the course of the term.

Below are some of the mortgage rates Manulife offers:

Rate Type

Term Length


Manulife One Base Rate



Variable-rate sub-account (open)

5 year


Fixed-rate sub-account (closed)

6 months


Fixed-rate sub-account (closed)

1 year


Fixed-rate sub-account (closed)

2 years


Fixed-rate sub-account (closed)

3 years


Fixed-rate sub-account (closed)

4 years


Fixed-rate sub-account (closed)

5 years


Fixed-rate sub-account (closed)

7 years


Fixed-rate sub-account (closed)

10 years


Manulife's mortgage rates

Want to compare mortgage rates in Canada from other lenders? You can for free, and anonymously right on this website.

Compare mortgage rates now

Get the best mortgage rates in just seconds

How do I contact Manulife?

You can contact Manulife's mortgage team on:

Monday to Friday, 8 a.m. to 8 p.m.
Saturday and Sunday, 9 a.m. to 5 p.m.
across all local time zones in Canada.

If our toll-free number isn't available in your location, call:
Monday to Friday,
8 a.m. to 5 p.m. ET

Our Manulife mortgage calculator

Want to calculate what your Manulife mortgage will look like? We have some tools right here on our website that can help:

Our mortgage payment calculator lets you see monthly payments and gives a yearly amortization schedule.

Our mortgage affordability calculator will help you determine how large a mortgage you can get.

Our mortgage default insurance calculator will tell you how much you'll owe for mortgage default insurance