Mortgage Rates
Discounted rates found on the internet on August 22, 2025.
Fixed-Rate Mortgages
1-year closed: 4.69% (4.69%)
2-year closed: 4.29% (4.29%)
3-year closed: 3.69% (4.04%)
5-year closed: 4.04% (4.04%)
7-year closed: 5.00% (5.00%)
10-yr closed: 5.39% (5.39%)
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 August 15, 2025.
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