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Today's best Canadian mortgage rates.

A live snapshot of what our lender network is offering this morning. Your personalised rate depends on your profile — let's confirm it in writing.

5-Yr Fixed
4.24%
Best value
5-Yr Variable
4.95%
▼ 0.10 this week
3-Yr Fixed
4.49%
Popular short term
1-Yr Fixed
5.79%
Maximum flexibility
TermTypeOur best rateBank postedInsured
5 YearFixed Best4.24%5.49%4.34%Lock it
5 YearVariable ▼ 0.104.95%6.10%5.05%Enquire
4 YearFixed4.39%5.59%4.49%Enquire
3 YearFixed4.49%5.69%4.59%Enquire
2 YearFixed5.19%6.24%5.29%Enquire
1 YearFixed5.79%6.84%5.89%Enquire

Rates are illustrative for this prototype, shown for qualified borrowers and subject to change without notice (OAC). "Insured" rates apply to high-ratio mortgages with default insurance. Last updated this morning.

Fixed vs variable

Which rate type is right for you?

There's no universal answer — it depends on your risk tolerance, timeline and cash flow. Here's the quick version, then let's talk specifics.

Get a personalised recommendation

Fixed

Predictable payments for the whole term. Best when you value certainty or expect rates to rise.

Variable

Moves with the prime rate. Historically cheaper over time, but your payment can change. Best with a buffer.

Rates move daily

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We hold your rate for up to 120 days at no cost — so you're protected while you decide or shop.