Mortgage Rates

Discounted rates found on the internet on January 30, 2026.

Fixed-Rate Mortgages

1-year closed: 4.54% (4.54%)
2-year closed: 4.29% (4.29%)
3-year closed: 3.84% (3.84%)
5-year closed: 3.79% (3.79%)
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 - 1.05% or 3.40%

Some rates may require CMHC insurance coverage. BofC stands for Bank of Canada. The rates in brackets are from January 23, 2025.