Mortgage Rates
Discounted rates found on the internet on March 22, 2024.
Fixed-Rate Mortgages
1-year closed: 6.71% (5.75%)
2-year closed: 5.84% (5.60%)
3-year closed: 5.29% (4.94%)
5-year closed: 4.64% (4.64%)
7-year closed: 5.64% (5.64%)
10-yr closed: 5.74% (5.74%)
Variable-Rate Mortgages
BofC’s Rate: 5.00% (5.00%)
Banks' Prime: 7.20% (7.20%)
5-year: Prime - 1.30% or 5.90%
Some rates may require CMHC insurance coverage. BofC stands for Bank of Canada. The rates in brackets are from March 15, 2024.
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