Mortgage Rates
Discounted rates found on the internet on July 25, 2024.
Fixed-Rate Mortgages
1-year closed: 6.47% (6.47%)
2-year closed: 5.84% (5.84%)
3-year closed: 4.99% (4.99%)
5-year closed: 4.44% (4.54%)
7-year closed: 5.69% (5.69%)
10-yr closed: 5.88% (5.88%)
Variable-Rate Mortgages
BofC’s Rate: 4.50% (4.75%)
Banks' Prime: 6.70% (6.95%)
5-year: Prime - 1.30% or 5.40%
Some rates may require CMHC insurance coverage. BofC stands for Bank of Canada. The rates in brackets are from July 19, 2024.
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