Mortgage Rates

Discounted rates found on the internet on April 18, 2025.

Fixed-Rate Mortgages

1-year closed: 5.49% (4.79%)
2-year closed: 4.19% (4.19%)
3-year closed: 4.04% (3.79%)
5-year closed: 3.84% (3.64%)
7-year closed: 5.00% (5.00%)
10-yr closed:   5.25% (5.25%)

Variable-Rate Mortgages

BofC’s Rate:   2.75% (2.75%)
Banks' Prime:    4.95% (4.95%)
5-year: Prime - 0.95% or 4.00%

Some rates may require CMHC insurance coverage. BofC stands for Bank of Canada. The rates in brackets are from April 11, 2025.