Home Buying Manual

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

Mortgage Rates

Discounted rates found on the internet on October 24, 2025.

Fixed-Rate Mortgages

1-year closed: 4.69% (4.69%)
2-year closed: 4.29% (4.29%)
3-year closed: 3.94% (3.94%)
5-year closed: 3.74% (3.89%)
7-year closed: 5.00% (5.00%)
10-yr closed:   5.44% (5.39%)

Variable-Rate Mortgages

BofC’s Rate:   2.50% (2.50%)
Banks' Prime: 4.70% (4.70%)
5-year: Prime - 0.95% or 3.75%

Some rates may require CMHC insurance coverage. BofC stands for Bank of Canada. The rates in brackets are from October 17, 2025.