Mortgage Rates
Discounted rates found on the internet on February 14, 2025.
Fixed-Rate Mortgages
1-year closed: 4.79% (4.79%)
2-year closed: 4.64% (4.44%)
3-year closed: 4.24% (3.99%)
5-year closed: 3.94% (3.94%)
7-year closed: 5.25% (5.29%)
10-yr closed: 5.48% (5.48%)
Variable-Rate Mortgages
BofC’s Rate: 3.00% (3.00%)
Banks' Prime: 5.20% (5.20%)
5-year: Prime - 1.05% or 4.15%
Some rates may require CMHC insurance coverage. BofC stands for Bank of Canada. The rates in brackets are from February 7, 2025.
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