Current Mortgage Rates
Rates updated daily. Your actual rate depends on your specific situation, property type, and financial profile. Variable rates follow the Bank of Canada's announcement schedule; fixed rates follow bond yields.
Our shortest fixed term. Ideal if you're planning to sell soon or want maximum flexibility to lock in a longer term when rates shift.
Lock in for 12 months. A great option if you expect rates to drop soon and want to renew at a lower rate next year.
A balanced short-term option. Provides rate security for two years with the ability to renegotiate sooner than a 5-year commitment.
Split the difference between short and long term. Popular with homeowners who want moderate rate protection without a long lock-in.
Nearly the security of a 5-year term, often at a slightly lower rate. A smart pick for buyers who want long-term stability.
Canada's most popular mortgage term. Maximum rate security for 5 years — your payment stays the same no matter what the market does. If you're approaching a renewal, our renewal and refinancing guide covers when to lock in early.
A shorter variable option. Your rate adjusts with the Bank of Canada's prime rate, but you can renegotiate in just 3 years.
Your rate moves with the Bank of Canada's prime rate. Historically, variable rates save borrowers money over the long run. Best for those comfortable with some rate fluctuation. See our fixed vs variable breakdown for the 2026 decision framework.
Start your mortgage strategy in minutes
Every situation is unique. Let's find the right approach for yours. Read our Ontario pre-approval guide if you want to know what you qualify for. Or book a free mortgage review and we'll tell you same-day.
Rates are for illustration purposes. Your actual rate depends on your specific situation.