Today's rates
Canadian mortgage rates, in CAD
Fixed and variable rates across 1–5 year terms. Your actual rate depends on your profile, property, and whether your mortgage is insured.
4.45%
Prime rate
4.75%
Overnight target
3.25%
5-yr GoC bond yield
5.25%
Benchmark qualifying rate
Live from the Bank of Canada · as of 2026-07-15. Product rates below are illustrative and admin-managed.
| Term | Type | Insured | Uninsured | Notes | |
|---|---|---|---|---|---|
| 1-year | Fixed | 5.59% | 5.79% | Maximum flexibility | Get this rate |
| 2-year | Fixed | 5.14% | 5.34% | - | Get this rate |
| 3-year | Fixed | 4.94% | 5.09% | Shorter commitment | Get this rate |
| 4-year | Fixed | 4.89% | 5.04% | - | Get this rate |
| 5-year | Fixed | 4.79% | 4.99% | Most popular | Get this rate |
| 5-year | Variable | 5.20% | 5.40% | Prime − 0.90% | Get this rate |
Rates are illustrative, in CAD, and subject to change without notice. Insured rates require qualifying default insurance (typically less than 20% down). Your rate is subject to qualification, the stress test, and approval. APR may differ from the contract rate once fees are included. This is not an offer of credit.
FAQ
Rate questions
Insured mortgages carry default insurance (CMHC, Sagen, or Canada Guaranty), which lowers the lender's risk - so they often come with lower rates, even though you pay an insurance premium.
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