Home Buying Manual

Click here for the most recent version of the manual (December 2012).

Mortgage Rates

Discounted rates found on the internet on April 19, 2024.

Fixed-Rate Mortgages

1-year closed: 6.63% (6.71%)
2-year closed: 5.64% (5.89%)
3-year closed: 5.31% (5.34%)
5-year closed: 4.84% (4.69%)
7-year closed: 5.74% (5.74%)
10-yr closed:   5.84% (5.84%)

Variable-Rate Mortgages

BofC’s Rate:   5.00% (5.00%)
Banks' Prime:    7.20% (7.20%)
5-year: Prime - 1.30% or 5.90%

Some rates may require CMHC insurance coverage. BofC stands for Bank of Canada. The rates in brackets are from April 12, 2024.