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Mortgage Rates
Variable closed: 1.65% 1 year closed: 1.64% 3 year closed: 1.59% 5 year closed: 1.69% 10 year closed: 2.84% 
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Mortgage Rates
Glossary
ToolsCompare Canadian Mortgage Rates
Current Mortgage Rates from Super Brokers
| Mortgage Type or Term |
Current Rates (%) |
Previous Rates (%) |
Rate Change (%) |
Last Date of Change |
| Variable rate | 1.65 | 1.7 | -0.05 percentage points | Dec 20, 2020 |
| 6 month rate | 2.79 | 2.99 | -0.2 percentage points | Sep 18, 2020 |
| 1 year rate | 1.64 | 1.74 | -0.10 percentage points | Dec 19, 2020 |
| 2 year rate | 1.59 | 1.69 | -0.1 percentage points | Dec 20, 2020 |
| 3 year rate | 1.59 | 1.69 | -0.10 percentage points | Dec 19, 2020 |
| 4 year rate | 1.64 | 1.74 | -0.10 percentage points | Dec 19, 2020 |
| 5 year rate | 1.69 | 1.79 | -0.10 percentage points | Dec 19, 2020 |
| 7 year rate | 2.44 | 2.54 | -0.10 percentage points | Dec 19, 2020 |
| 10 year rate | 2.84 | 2.94 | -0.10 percentage points | Dec 19, 2020 |
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*
Tip: Click any two mortgage rates to compare typical payment amounts & interest. Click the mortgage term links to change the sorting of the table, based on the mortgage rate, best to worst, and vice versa.
| Financial Institution |
Mortgage Type/Term | ||||||
| VariableVar | 6 MthMo | 1 YearYr | 2 YearYr | 3 YearYr | 4 YearYr | 5 YearYr | |
| Our Mortgage Rates** | 1.65 | 2.79 | 1.64 | 1.59 | 1.59 | 1.64 | 1.69 |
| Effort Trust | - | 4.15 | 4.15 | 4.25 | 4.35 | 4.45 | 4.55 |
| Rapport Credit Union | 2.95 | 6.00 | 3.59 | 3.74 | 3.89 | 3.94 | 4.79 |
| Home Trust | 1.95 | - | 3.99 | 3.54 | 3.79 | 3.85 | 1.74 |
| Comtech Fire Credit U. | - | 6.20 | 3.39 | 3.49 | 3.69 | 3.74 | 3.49 |
| Investors Group Trust | 2.45 | 4.20 | 3.10 | 3.20 | 3.65 | 4.24 | 4.79 |
| Canada Life | 2.45 | 4.20 | 3.10 | 3.20 | 3.65 | 4.24 | 4.79 |
| Parama Credit Union | 2.70 | - | 3.09 | 3.19 | 3.29 | 3.39 | 3.49 |
| Desjardins - Caisses | 2.45 | 4.40 | 2.89 | 3.04 | 3.54 | 4.09 | 4.74 |
| Laurentian Bank of Canada | 2.45 | 4.40 | 2.69 | 2.94 | 3.45 | 4.09 | 4.74 |
| RBC Royal Bank | 2.45 | 2.69 | 2.69 | 2.94 | 3.45 | 4.09 | 4.79 |
| TD Canada Trust | 2.60 | 3.04 | 2.79 | 2.94 | 3.49 | 3.74 | 4.59 |
| National Bank | 2.45 | 4.40 | 2.69 | 2.94 | 3.45 | 4.09 | 4.79 |
| Bank of Montreal | 2.45 | 4.20 | 2.79 | 2.94 | 3.49 | 4.09 | 4.79 |
| Simplii Financial | 2.45 | 6.19 | 3.19 | 2.89 | 3.64 | 4.29 | 4.74 |
| CIBC | 2.45 | 3.75 | 3.19 | 2.89 | 3.59 | 4.24 | 4.79 |
| Scotiabank | 2.65 | 4.25 | 2.79 | 2.89 | 3.49 | 3.89 | 4.79 |
| Kindred Credit Union | 2.45 | - | 2.80 | 2.85 | 2.90 | 2.95 | 2.99 |
| First National Financial | 2.45 | - | 3.04 | 2.84 | 2.69 | 2.59 | 2.49 |
| Manulife | 3.05 | 4.45 | 2.99 | 2.69 | 2.49 | 2.49 | 2.39 |
| Luminus Financial | 3.50 | - | 4.10 | 2.50 | 4.35 | 4.80 | 2.99 |
| Libro Credit Union | - | 4.75 | 2.19 | 2.24 | 2.24 | 2.24 | 2.24 |
| Meridian Credit Union | 1.80 | 3.89 | 3.09 | 2.19 | 2.19 | 3.89 | 1.89 |
| FirstOntario Credit Union | 2.25 | 4.94 | 2.54 | 1.99 | 1.99 | 1.99 | 1.99 |
| Canadian Western Bank/Trust | 2.00 | 3.60 | 2.09 | 1.99 | 1.89 | 1.89 | 1.87 |
| Equitable Bank | - | - | 2.99 | 1.99 | 1.99 | 1.99 | 1.94 |
| Steinbach Credit Union | - | - | 1.85 | 1.85 | 1.90 | 1.95 | 1.95 |
| Tangerine | 1.70 | - | 2.79 | 1.84 | 1.69 | 1.89 | 1.74 |
| Alterna Bank/Savings | 1.95 | 3.25 | 1.79 | 1.79 | 1.79 | 1.84 | 1.64 |
| Peace Hills Trust | - | 4.25 | 2.00 | 1.75 | 1.75 | 3.25 | 3.50 |
| HSBC Bank Canada | 1.34 | 3.19 | 1.99 | 1.64 | 1.79 | 1.84 | 1.64 |
* These rates are the most widely available rates across Canada. The products these rates are meant to represent are available to approximately 90% of Canadians with good credit and income.
** These are the lowest mortgage rates known to us. We can not guarantee the availability of these rates in your area, and restrictions may apply. Call Super Brokers to learn what rates are available to you at 1-800-604-1864.
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Mortgage Rate History
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See the Prime Rate
The current prime rate, info on how it works, and the implications for variable rate mortgages.
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