HomeLowest Mortgage Rates in Canada
See todays best mortgage rates with access to rates across the top banks and lenders in Canada.
Current Mortgage Rates in Canada
| Lender | 2-year fixed | 3-year fixed | 4-year fixed | 5-year fixed | 5-year variable |
|---|---|---|---|---|---|
| Pine | 6.24% | 4.24% | 4.54% | 4.34% | 4.75% |
| BMO | 7.34% | 6.95% | 6.74% | 6.79% | 6.7% |
| CIBC | 6.99% | 6.99% | 6.74% | 6.84% | 6.7% |
| RBC | 5.89% | 5.09% | 4.99% | 4.94% | 6.1% |
| Scotiabank | 7.19% | 6.74% | 6.54% | 6.59% | 7.15% |
| TD | 7.34% | 5.22% | 6.74% | 5.12% | 6.19% |
| Nesto | 5.84% | 4.79% | 4.89% | 4.34% | 5.4% |
| True North | 4.99% | 4.84% | 4.84% | 4.49% | 5.5% |
This table was last updated on December 12, 2024 rates are from the data available on each institution’s website.
These are the most up to date mortgage rates in Canada which will help make sure you are able to get the best deal on your mortgage rates.
See a breakdown of the 5-year fixed mortgage rates in Canada.
How to get the best mortgage rate in Canada?
To find the best mortgage rates in Canada, it is important to compare offerings across various mortgage lenders and banks. Having access to this information and being able to see at a glance who is offering the best mortgage rate will help you save thousands of dollars.
Canada land transfer taxes
It is important to take into consideration the cost of Canada land transfer tax that will be charged based on the value of your home.
Canada mortgage payments
The rate that you choose will have a great impact on your overall mortgage payments. You can see how your mortgage rate impacts the overall mortgage payment with our Canada mortgage payment calculator.
