Home Buying Manual

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

Mortgage Rates

Discounted rates found on the internet on February 20, 2026.

Fixed-Rate Mortgages

1-year closed: 4.54% (4.54%)
2-year closed: 4.29% (4.29%)
3-year closed: 3.84% (3.84%)
5-year closed: 3.69% (3.69%)
7-year closed: 4.75% (4.75%)
10-yr closed:   5.10% (5.10%)

Variable-Rate Mortgages

BofC’s Rate:   2.25% (2.25%)
Banks' Prime: 4.45% (4.45%)
5-year: Prime - 1.05% or 3.40%

Some rates may require CMHC insurance coverage. BofC stands for Bank of Canada. The rates in brackets are from February 13, 2025.