Mortgage Rates
Discounted rates found on the internet on January 16, 2026.
Fixed-Rate Mortgages
1-year closed: 4.29% (4.29%)
2-year closed: 4.19% (4.19%)
3-year closed: 3.84% (3.99%)
5-year closed: 3.84% (3.89%)
7-year closed: 4.89% (4.89%)
10-yr closed: 5.24% (5.24%)
Variable-Rate Mortgages
BofC’s Rate: 2.25% (2.25%)
Banks' Prime: 4.45% (4.45%)
5-year: Prime - 1.00% or 3.45%
Some rates may require CMHC insurance coverage. BofC stands for Bank of Canada. The rates in brackets are from January 9, 2025.
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