Mortgage Rates
Discounted rates found on the internet on January 27, 2023.
Fixed-Rate Mortgages
1-year closed: 5.69% (5.59%)
2-year closed: 5.39% (5.39%)
3-year closed: 4.74% (4.74%)
5-year closed: 4.54% (4.54%)
7-year closed: 5.44% (5.44%)
10-yr closed: 5.19% (5.19%)
Variable-Rate Mortgages
BofC’s Rate: 4.50% (4.25%)
Banks' Prime: 6.70% (6.45%)
5-year: Prime - 1.20% or 5.50%
Some rates may require CMHC insurance coverage. BofC stands for Bank of Canada. The rates in brackets are from January 20, 2023.
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