Home Buying Manual

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

Mortgage Rates

Discounted rates found on the internet on July 25, 2025.

Fixed-Rate Mortgages

1-year closed: 4.69% (4.69%)
2-year closed: 4.19% (4.19%)
3-year closed: 4.19% (4.14%)
5-year closed: 4.04% (3.94%)
7-year closed: 4.99% (5.00%)
10-yr closed:   5.29% (5.29%)

Variable-Rate Mortgages

BofC’s Rate:   2.75% (2.75%)
Banks' Prime:    4.95% (4.95%)
5-year: Prime - 0.95% or 4.00%

Some rates may require CMHC insurance coverage. BofC stands for Bank of Canada. The rates in brackets are from July 18, 2025.