Home Buying Manual
Click here for the most recent version of the manual (December 2012).
Mortgage Rates
Discounted rates found on the internet on December 6, 2024.
Fixed-Rate Mortgages
1-year closed: 5.94% (5.94%)
2-year closed: 4.64% (4.54%)
3-year closed: 4.19% (4.49%)
5-year closed: 4.14% (4.19%)
7-year closed: 5.29% (5.29%)
10-yr closed: 5.48% (5.48%)
Variable-Rate Mortgages
BofC’s Rate: 3.75% (3.75%)
Banks' Prime: 5.95% (5.95%)
5-year: Prime - 1.15% or 4.80%
Some rates may require CMHC insurance coverage. BofC stands for Bank of Canada. The rates in brackets are from November 29, 2024.