Variable
3.70 percentCurrent variable mortgage rate
Calculate paymentMortgage rates
Today’s mortgage rates.
View current featured mortgage rates alongside important Canadian market indicators. The right product also depends on qualification, flexibility, penalties, amortization, and your plans.
Data status
Rates + Canadian market dataRetrieved Oct 19, 2026, 7:14 a.m. ET
Server validated · 30-minute cacheMortgage rates
Featured rates
Updated automatically
3-year fixed
4.69 percentFeatured mortgage rate
Calculate payment5-year fixed
4.89 percentFeatured mortgage rate
Calculate paymentMarket indicators
Market snapshot
Official Bank of Canada data
Prime rate
Reference rate used by Canadian lenders for many variable-rate borrowing products.
Bank of Canada rate
Current policy interest rate set by the Bank of Canada.
5-year Canada bond
A market indicator commonly associated with fixed-rate mortgage funding conditions.
Compare terms
Compare mortgage terms.
Compare current term rates and featured rates across common mortgage terms.
| Term | Term rate | Featured rate |
|---|---|---|
| 1 Year | 6.15 percent | 4.79 percent |
| 2 Years | 5.44 percent | 4.59 percent |
| 3 Years | 4.62 percent | 4.69 percent |
| 4 Years | 6.01 percent | 4.39 percent |
| 5 Years | 4.56 percent | 4.89 percent |
| 7 Years | 6.41 percent | 5.09 percent |
| 10 Years | 6.81 percent | 5.09 percent |
1 Year
- Term rate
- 6.15 percent
- Featured rate
- 4.79 percent
2 Years
- Term rate
- 5.44 percent
- Featured rate
- 4.59 percent
3 Years
- Term rate
- 4.62 percent
- Featured rate
- 4.69 percent
4 Years
- Term rate
- 6.01 percent
- Featured rate
- 4.39 percent
5 Years
- Term rate
- 4.56 percent
- Featured rate
- 4.89 percent
7 Years
- Term rate
- 6.41 percent
- Featured rate
- 5.09 percent
10 Years
- Term rate
- 6.81 percent
- Featured rate
- 5.09 percent
Market trend
5-year Canada bond yield
Last 30 calendar days of the Government of Canada five-year benchmark bond yield.
- Current yield
- 3.53 percent
- 30-day change
- -0.04%
View accessible 30-day yield data
| Date | Yield |
|---|---|
| Sep 21, 2026 | 3.57 percent |
| Sep 22, 2026 | 3.54 percent |
| Sep 23, 2026 | 3.69 percent |
| Sep 24, 2026 | 3.69 percent |
| Sep 25, 2026 | 3.65 percent |
| Sep 28, 2026 | 3.68 percent |
| Sep 29, 2026 | 3.69 percent |
| Oct 1, 2026 | 3.62 percent |
| Oct 2, 2026 | 3.60 percent |
| Oct 5, 2026 | 3.63 percent |
| Oct 6, 2026 | 3.59 percent |
| Oct 7, 2026 | 3.60 percent |
| Oct 8, 2026 | 3.60 percent |
| Oct 9, 2026 | 3.54 percent |
| Oct 13, 2026 | 3.55 percent |
| Oct 14, 2026 | 3.55 percent |
| Oct 15, 2026 | 3.53 percent |
Some conditions may apply. Rates may vary from Province to Province. Rates subject to change without notice. *O.A.C. E.& O.E. Bank of Canada values are official market reference data, not mortgage offers. Mortgage availability, pricing, and qualification depend on the borrower, property, lender, and product. This information is not a commitment to lend or a mortgage approval. See the full website disclaimer.
Rate context
A rate is only one part of your mortgage.
A useful comparison also considers prepayment privileges, penalties, portability, term, amortization, qualification, refinance restrictions, and whether a fixed or variable structure suits your plans.
Personal guidance
Want to know which option fits you?
Today’s lowest advertised rate is not automatically the right mortgage. Compare options based on your goals, qualification, and future plans.