Home Buying Manual

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

Mortgage Rates

Discounted rates found on the internet on March 7, 2025.

Fixed-Rate Mortgages

1-year closed: 4.79% (4.79%)
2-year closed: 4.19% (4.29%)
3-year closed: 4.09% (4.19%)
5-year closed: 3.94% (3.94%)
7-year closed: 5.01% (5.25%)
10-yr closed:   5.48% (5.48%)

Variable-Rate Mortgages

BofC’s Rate:   3.00% (3.00%)
Banks' Prime:    5.20% (5.20%)
5-year: Prime - 1.05% or 4.15%

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