Buying a Home in Canada

Home Buying Manual

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

Mortgage Rates

Discounted rates found on the internet on January 27, 2023.

Fixed-Rate Mortgages

1-year closed: 5.69% (5.59%)
2-year closed: 5.39% (5.39%)
3-year closed: 4.74% (4.74%)
5-year closed: 4.54% (4.54%)
7-year closed: 5.44% (5.44%)
10-yr closed:   5.19% (5.19%)

Variable-Rate Mortgages

BofC’s Rate:   4.50% (4.25%)
Banks' Prime:    6.70% (6.45%)
5-year: Prime - 1.20% or 5.50%

Some rates may require CMHC insurance coverage. BofC stands for Bank of Canada. The rates in brackets are from January 20, 2023.



HBI - Home Buyers Incorporated 22 Giberson Drive, Dartmouth, Nova Scotia B2W 6J6, Tel: 902-452-0969, Fax: 902-435-4701 | Halifax Web Design by: immediac