Home Buying Manual

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

Mortgage Rates

Discounted rates found on the internet on September 13, 2024.

Fixed-Rate Mortgages

1-year closed: 6.19% (6.26%)
2-year closed: 5.78% (5.78%)
3-year closed: 4.69% (4.79%)
5-year closed: 4.19% (4.34%)
7-year closed: 5.49% (5.49%)
10-yr closed:   5.68% (5.68%)

Variable-Rate Mortgages

BofC’s Rate:   4.25% (4.25%)
Banks' Prime:    6.45% (6.45%)
5-year: Prime - 1.30% or 5.15%

Some rates may require CMHC insurance coverage. BofC stands for Bank of Canada. The rates in brackets are from September 6, 2024.