Best Bank Mortgage Rates

Last Updated 10:25 AM ET Sep 23

Discretionary Rates

5Yr Variable1Yr Fixed2Yr Fixed3Yr Fixed4Yr Fixed5Yr Fixed7Yr Fixed10Yr Fixed
Typical2.50%2.84%2.69%2.89%3.04%3.14%3.44%3.99%

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Special Offer Rates

5Yr Variable1Yr Fixed2Yr Fixed3Yr Fixed4Yr Fixed5Yr Fixed7Yr Fixed10Yr Fixed
BMO3.10%3.09%3.39%4.14%
CIBC3.19%3.54%
National3.24%3.29%
RBC3.20%3.09%2.99%3.19%3.29%3.39%3.69%
Scotia
TD2.75%3.09%3.19%

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Lowest2.75%3.09%2.99%3.09%3.19%3.24%3.54%4.14%

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Posted Rates

5Yr Variable1Yr Fixed2Yr Fixed3Yr Fixed4Yr Fixed5Yr Fixed7Yr Fixed10Yr Fixed
BMO3.20%3.09%3.19%3.59%4.09%4.84%5.50%6.30%
CIBC3.20%3.09%3.04%3.54%4.19%4.89%5.95%6.19%
National3.20%3.14%3.04%3.39%3.89%4.84%5.30%6.10%
RBC3.20%3.24%3.29%3.90%4.64%4.89%5.40%6.20%
Scotia3.40%3.49%3.09%3.54%3.89%4.84%5.29%5.79%
TD2.75%3.04%2.84%3.44%3.89%4.94%5.30%6.10%

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Lowest2.75%3.04%2.84%3.39%3.89%4.84%5.29%5.79%

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How To Use This Page

This page tracks rates from Canada’s Big 6 banks, which close roughly half of Canada’s new mortgages. Rates apply to creditworthy borrowers with an amortization of 25 years or less. Higher rates often apply for specialized products like 30-year amortizations, cottages or rental properties.

If you’re well-qualified and seek a standard mortgage on your primary residence, aim to pay no more than RateSpy’s estimated discretionary bank rates.  ← Important: review this link to learn more about discretionary rates before you start negotiating with your bank. Always check with the lender directly to confirm its current rates (as they may vary from what you see here) and make sure you qualify for those rates.

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Last Rate Change:

Up 0.11% or more
Up 0.01% to 0.11%
Down 0.01% to 0.11%
Down 0.11% or more

Summary:

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