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Mortgage Rates
Variable closed: 2.25% 1 year closed: 2.49% 3 year closed: 2.49% 5 year closed: 2.39% 10 year closed: 3.55% 
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Mortgage Rates
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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 | 2.25 | 2.20 | +0.05 percentage points | Apr 22, 2020 |
| 6 month rate | 3.30 | 3.34 | -0.04 percentage points | Apr 2, 2020 |
| 1 year rate | 2.49 | 3.19 | -0.70 percentage points | May 21, 2020 |
| 2 year rate | 2.49 | 2.84 | -0.35 percentage points | May 21, 2020 |
| 3 year rate | 2.49 | 2.74 | -0.25 percentage points | May 21, 2020 |
| 4 year rate | 2.49 | 2.69 | -0.20 percentage points | May 21, 2020 |
| 5 year rate | 2.39 | 2.49 | -0.10 percentage points | May 7, 2020 |
| 7 year rate | 3.24 | 3.39 | -0.15 percentage points | Apr 23, 2020 |
| 10 year rate | 3.55 | 3.64 | -0.09 percentage points | May 18, 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** | 2.25 | 3.30 | 2.49 | 2.49 | 2.49 | 2.49 | 2.39 |
| Effort Trust | - | 4.40 | 4.40 | 4.50 | 4.70 | 4.80 | 4.90 |
| Luminus Financial | 3.50 | - | 4.10 | 4.20 | 4.35 | 4.80 | 3.99 |
| Alterna Bank/Savings | 2.95 | 4.40 | 3.64 | 3.84 | 2.84 | 4.94 | 2.99 |
| Rapport Credit Union | 2.95 | 6.00 | 3.59 | 3.74 | 3.89 | 3.94 | 4.99 |
| Investors Group Trust | 3.95 | 4.20 | 3.49 | 3.59 | 4.14 | 4.89 | 5.19 |
| Canada Life | 3.95 | 4.20 | 3.49 | 3.59 | 4.14 | 4.89 | 5.19 |
| Home Trust | 2.25 | - | 3.99 | 3.54 | 3.79 | 3.85 | 2.49 |
| TD Canada Trust | 2.60 | 3.34 | 3.44 | 3.54 | 3.89 | 3.94 | 4.99 |
| Peace Hills Trust | - | 4.50 | 3.35 | 3.50 | 3.75 | 4.05 | 4.25 |
| ATB Financial | 2.65 | 4.50 | 3.39 | 3.49 | 3.49 | 3.54 | 2.64 |
| Comtech Fire Credit U. | - | 6.20 | 3.39 | 3.49 | 3.69 | 3.74 | 3.49 |
| Desjardins - Caisses | 2.45 | 4.40 | 3.29 | 3.49 | 3.89 | 4.29 | 4.94 |
| Laurentian Bank of Canada | 2.65 | 4.40 | 3.39 | 3.49 | 3.94 | 4.59 | 4.99 |
| Equitable Bank | - | - | 3.04 | 3.39 | 3.90 | 4.44 | 4.94 |
| RBC Royal Bank | 2.45 | 3.04 | 3.04 | 3.39 | 3.90 | 4.44 | 4.94 |
| National Bank | 2.45 | 4.40 | 3.04 | 3.39 | 3.89 | 4.44 | 4.94 |
| Bank of Montreal | 2.45 | 4.20 | 3.09 | 3.39 | 3.89 | 4.34 | 4.94 |
| Manulife | 3.05 | 4.45 | 3.24 | 3.29 | 3.34 | 3.39 | 3.44 |
| Parama Credit Union | 2.70 | - | 3.29 | 3.29 | 3.39 | 3.49 | 3.59 |
| Scotiabank | 2.65 | 3.75 | 3.19 | 3.29 | 3.89 | 4.19 | 4.94 |
| First National Financial | 2.45 | 4.49 | 3.44 | 3.19 | 3.19 | 3.19 | 3.19 |
| Kindred Credit Union | 2.45 | - | 3.10 | 3.15 | 3.20 | 3.30 | 2.64 |
| Meridian Credit Union | 2.55 | 4.00 | 3.24 | 3.04 | 3.04 | 3.89 | 2.94 |
| Simplii Financial | 2.45 | 6.19 | 3.19 | 2.89 | 3.89 | 4.39 | 4.99 |
| CIBC | 2.45 | 3.75 | 3.19 | 2.89 | 3.79 | 4.34 | 5.04 |
| FirstOntario Credit Union | 2.55 | 4.94 | 3.39 | 2.79 | 2.84 | 2.84 | 2.84 |
| Steinbach Credit Union | - | - | 2.79 | 2.79 | 2.79 | 2.79 | 2.75 |
| Tangerine | 2.45 | - | 3.19 | 2.69 | 2.69 | 2.89 | 2.69 |
| Canadian Western Bank/Trust | 2.65 | 3.94 | 2.59 | 2.59 | 2.59 | 2.59 | 2.59 |
| Libro Credit Union | - | 4.75 | 2.59 | 2.59 | 2.64 | 2.69 | 2.74 |
| HSBC Bank Canada | 2.25 | 3.19 | 2.59 | 2.34 | 2.39 | 2.64 | 2.44 |
* 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.
Find More
Mortgage Calculator With Lump Sums
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How Much Can You Afford?
This calculator will find how much you may be pre-approved for based on industry standard guidelines.
Mortgage Rate History
Take a glimpse at how mortgage rates have increased and decreased in the last decade.
See the Prime Rate
The current prime rate, info on how it works, and the implications for variable rate mortgages.
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