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Best Mortgage Rates in Canada

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Lowest Mortgage Rates in Canada
As of July 18, 2025
Mortgage Purpose
Home Price
Down Payment
Amortization
Years
TermFixedVariable
*The above rates are based on your location of
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All Canada Mortgage Rates
As of July 18, 2025 at 10:20 AM ET
Mortgage Term
Mortgage Type
Mortgage Amount
Amortization
Years
Province
Is Insured?

Insured

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Mortgage Term
Mortgage Type
Lenders
Rates
*/**Terms and conditions apply.
These rates are for Prime customers. To qualify, you generally need a good credit score and a steady job. Rates updated on July 18, 2025.

What are the lowest mortgage rates in Canada?

As of July 18, 2025,

  • The lowest 1-year fixed insured mortgage rate is 4.69%, which is NaN bps lower than 30 days ago and NaN bps lower than 7 days ago
  • The lowest 2-year fixed insured mortgage rate is 4.19%, which is NaN bps lower than 30 days ago and NaN bps lower than 7 days ago
  • The lowest 3-year fixed insured mortgage rate is 4.00%, which is NaN bps lower than 30 days ago and NaN bps lower than 7 days ago
  • The lowest 4-year fixed insured mortgage rate is 4.24%, which is NaN bps lower than 30 days ago and NaN bps lower than 7 days ago
  • The lowest 5-year fixed insured mortgage rate is 3.94%, which is NaN bps lower than 30 days ago and NaN bps lower than 7 days ago
  • The lowest 5-year variable insured mortgage rate is 4.00%, which is NaN bps lower than 30 days ago and NaN bps lower than 7 days ago

What are the lowest conventional mortgage rates in Canada?

As of July 18, 2025,

  • The lowest 1-year fixed conventional mortgage rate is 4.94%, which is NaN bps lower than 30 days ago and NaN bps lower than 7 days ago
  • The lowest 2-year fixed conventional mortgage rate is 4.24%, which is NaN bps lower than 30 days ago and NaN bps lower than 7 days ago
  • The lowest 3-year fixed conventional mortgage rate is 4.19%, which is NaN bps lower than 30 days ago and NaN bps lower than 7 days ago
  • The lowest 4-year fixed conventional mortgage rate is 4.39%, which is NaN bps lower than 30 days ago and NaN bps lower than 7 days ago
  • The lowest 5-year fixed conventional mortgage rate is 3.94%, which is NaN bps lower than 30 days ago and NaN bps lower than 7 days ago
  • The lowest 5-year variable conventional mortgage rate is 4.05%, which is NaN bps lower than 30 days ago and NaN bps lower than 7 days ago

Disclaimer:

  • Any analysis or commentary reflects the opinions of WOWA.ca analysts and should not be considered financial advice. Please consult a licensed professional before making any decisions.
  • The calculators and content on this page are for general information only. WOWA does not guarantee the accuracy and is not responsible for any consequences of using the calculator.
  • Financial institutions and brokerages may compensate us for connecting customers to them through payments for advertisements, clicks, and leads.
  • Interest rates are sourced from financial institutions' websites or provided to us directly. Real estate data is sourced from the Canadian Real Estate Association (CREA) and regional boards' websites and documents.