Mortgage Rates
Discounted rates found on the internet on January 14, 2022.
Fixed-Rate Mortgages
1-year closed: 2.00% (2.00%)
2-year closed: 1.99% (1.99%)
3-year closed: 2.10% (2.10%)
4-year closed: 2.15% (2.15%)
5-year closed: 2.08% (2.15%)
7-year closed: 2.44% (2.44%)
10-yr closed: 2.89% (2.89%)
Variable-Rate Mortgages
BofC’s Target: 0.25% (0.25%)
Banks' Prime: 2.45% (2.45%)
5-year: Prime - 1.46% or 0.99%
Some rates may only be available to people with top credit, living in specific areas. BofC stands for Bank of Canada. The rates in brackets are from January 7, 2022.
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