Compare Canadian Mortgage Rates
Before you get started shopping for a home, it makes sense to know the current mortgage rates. After all, your rate will dictate how much interest you can expect to pay over the life of your term.
Current Mortgage Rates from Super Brokers
Below you will see each of the terms available: 6-month, 1-year to 5-year, 7-year, 10-year and variable. Not only will the change from the previous rate be listed, so too will the date that the change took place. These will arm you with the rate knowledge that you need to get the best mortgage rates going forward.
| Type | Rate | Previous | Change | Changed On |
|---|---|---|---|---|
| 6 Month | 5.44% | 5.19% | 0.25% | |
| 1 Year | 4.74% | 4.59% | 0.15% | |
| 2 Year | 4.94% | 4.99% | -0.05% | |
| 3 Year | 4.99% | 4.94% | 0.05% | |
| 4 Year | 4.99% | 4.69% | 0.30% | |
| 5 Year | 4.59% | 4.49% | 0.10% | |
| 7 Year | 5.54% | 5.24% | 0.30% | |
| 10 Year | 5.64% | 5.49% | 0.15% | |
| Variable | 3.80% | 2.80% | 1.00% |
Mortgage Rate Comparison
Compare mortgage rates with other banks and lenders using our mortgage rate comparison chart below. All rates are updated daily and are for Canadian residents only.
Find the best residential mortgage rates in Canada*
| Alterna Bank/Savings | |||||||
| Bank of Montreal | |||||||
| Canada Life | |||||||
| Canadian Western Bank/Trust | |||||||
| CIBC | |||||||
| Comtech Fire Credit Union | - | ||||||
| Desjardins - Caisses | |||||||
| Effort Trust | - | ||||||
| Equitable Bank | - | - | |||||
| First National Financial | - | ||||||
| FirstOntario Credit Union | |||||||
| Home Trust | - | ||||||
| HSBC Bank Canada | |||||||
| IC Savings | - | ||||||
| Investors Group Trust | |||||||
| Kindred Credit Union | - | ||||||
| Laurentian Bank of Canada | |||||||
| Libro Credit Union | - | ||||||
| Luminus Financial | - | ||||||
| Manulife | |||||||
| Meridian Credit Union | |||||||
| National Bank | |||||||
| Parama Credit Union | - | ||||||
| Peace Hills Trust | - | ||||||
| Rapport Credit Union | |||||||
| RBC Royal Bank | |||||||
| Scotiabank | |||||||
| Simplii Financial | |||||||
| Steinbach Credit Union | - | - | |||||
| Tandia Financial CU | |||||||
| Tangerine | - | ||||||
| TD Canada Trust | |||||||
| ★Using a Mortgage Broker |
Please Note: Some conditions may apply. Rates may vary from Province to Province. Rates are subject to change without notice. Posted rates may be high ratio and/or quick close, which differs from conventional rates. *O.A.C. & E.O
The mortgage rates are provided as guidance only, and the accuracy of these rates is not guaranteed. The rate provided by any financial institution listed, or any approval or decline you receive, will be based solely on your personal situation. You are strongly encouraged to speak with a licensed mortgage professional for the most accurate information and determine your eligibility.
