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 5, 2025.

Fixed-Rate Mortgages

1-year closed: 4.29% (4.29%)
2-year closed: 4.19% (4.19%)
3-year closed: 3.89% (3.89%)
5-year closed: 3.69% (3.69%)
7-year closed: 4.89% (4.89%)
10-yr closed:   5.24% (5.24%)

Variable-Rate Mortgages

BofC’s Rate:   2.25% (2.25%)
Banks' Prime: 4.45% (4.45%)
5-year: Prime - 1.00% or 3.45%

Some rates may require CMHC insurance coverage. BofC stands for Bank of Canada. The rates in brackets are from November 28, 2025.