Best Mortgage Rates in Canada
Show moreWe collect mortgage rates three times a day on business days from more than fifty federal and provincial lenders’ websites, as well as major brokerages across Canada. We filter them by province, classify each rate as insured, insurable, uninsurable, or rental and sort all non-sponsored rates from lowest to highest, independent of whether the lenders work with us or not, to provide users with the most accurate and up-to-date information.
Show moreAdvertising & Compensation Disclosure: Financial institutions and brokerages may compensate us through ads, clicks, or leads. Except for sponsored listings, all rates are sorted independently of any relationship with us.
Lowest Mortgage Rates in Canada
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Compare All Canada Mortgage Rates
LendersSelected Lenders | Rates |
|---|---|
Frank Mortgage Check More Rates 4.8/5(122 reviews) ON Lic. #13204 | 4.34% Payment: $2,723.07/mo |
Pathwise Credit Union Check More Rates | |
DUCA Create a free account to see moreCreate a free account | 4.39% Payment: $2,736.87/mo |
Butler Mortgage Check More Rates 4.8/5(1704 reviews) ON Lic. #12118 | 4.44% Payment: $2,750.71/mo |
Kawartha Financial Services Create a free account to see moreCreate a free account | 4.44% Payment: $2,750.71/mo |
Libro Credit Union Create a free account to see moreCreate a free account | 4.44% Payment: $2,750.71/mo |
Northern Credit Union Create a free account to see moreCreate a free account | 4.49% Payment: $2,764.59/mo |
Kindred Credit Union Create a free account to see moreCreate a free account | 4.49% Payment: $2,764.59/mo |
CMLS | 4.49% Payment: $2,764.59/mo |
nesto Check More Rates 4.5/5(1777 reviews) ON Lic. #13044 | 4.59% Payment: $2,792.44/mo |
Meridian | 4.59% Payment: $2,792.44/mo |
Caisse Alliance Create a free account to see moreCreate a free account | 4.69% Payment: $2,820.42/mo |
Alterna Savings Create a free account to see moreCreate a free account | 4.69% Payment: $2,820.42/mo |
National Bank | 4.69% Payment: $2,820.42/mo |
Desjardins Create a free account to see moreCreate a free account | 4.69% Payment: $2,820.42/mo |
Laurentian Create a free account to see moreCreate a free account | 4.69% Payment: $2,820.42/mo |
Shinhan Bank Create a free account to see moreCreate a free account | -- |
Manulife Create a free account to see moreCreate a free account | 4.79% Payment: $2,848.54/mo |
Innovation Credit Union Create a free account to see moreCreate a free account | 4.79% Payment: $2,848.54/mo |
IG Wealth Management Create a free account to see moreCreate a free account | 4.89% Payment: $2,876.79/mo |
Equitable Create a free account to see moreCreate a free account | 4.89% Payment: $2,876.79/mo |
BMO | 4.99% Payment: $2,905.18/mo |
CIBC Check More Rates | 4.99% Payment: $2,905.18/mo |
First National | 4.99% Payment: $2,905.18/mo |
nesto 1% cash backCheck More Rates 4.5/5(1777 reviews) ON Lic. #13044 | 4.99% Cash Back Amount: $5,000 Payment: $2,905.18/mo |
First Ontario Create a free account to see moreCreate a free account | 5.04% Payment: $2,919.42/mo |
RBC Check More Rates | 5.14% Payment: $2,948.00/mo |
Tangerine Create a free account to see moreCreate a free account | 5.19% Payment: $2,962.34/mo |
Simplii Financial Create a free account to see moreCreate a free account | 5.34% Payment: $3,005.55/mo |
TD Check More Rates | 5.39% Payment: $3,020.02/mo |
Community Trust Create a free account to see moreCreate a free account | 5.69% Payment: $3,107.48/mo |
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What are today’s lowest mortgage rates in Canada?
As of October 19, 2026,
- The lowest 1-year fixed insured mortgage rate is 4.64%, which is unchanged from 30 days ago and 45 bps higher than 7 days ago.
- The lowest 2-year fixed insured mortgage rate is 4.44%, which is 20 bps higher than 30 days ago and 25 bps higher than 7 days ago.
- The lowest 3-year fixed insured mortgage rate is 4.29%, which is 10 bps higher than 30 days ago and 10 bps higher than 7 days ago.
- The lowest 4-year fixed insured mortgage rate is 4.39%, which is 30 bps higher than 30 days ago and 20 bps higher than 7 days ago.
- The lowest 5-year fixed insured mortgage rate is 4.34%, which is 25 bps higher than 30 days ago and 14 bps higher than 7 days ago.
- The lowest 5-year variable insured mortgage rate is 3.25%, which is 15 bps lower than 30 days ago and unchanged from 7 days ago.
What are the lowest conventional mortgage rates in Canada, currently?
As of October 19, 2026,
- The lowest 1-year fixed conventional mortgage rate is 4.89%, which is 11 bps lower than 30 days ago and 70 bps higher than 7 days ago.
- The lowest 2-year fixed conventional mortgage rate is 4.54%, which is 10 bps higher than 30 days ago and 24 bps higher than 7 days ago.
- The lowest 3-year fixed conventional mortgage rate is 4.39%, which is 20 bps higher than 30 days ago and 20 bps higher than 7 days ago.
- The lowest 4-year fixed conventional mortgage rate is 4.29%, which is 20 bps higher than 30 days ago and 10 bps higher than 7 days ago.
- The lowest 5-year fixed conventional mortgage rate is 4.39%, which is 30 bps higher than 30 days ago and 19 bps higher than 7 days ago.
- The lowest 5-year variable conventional mortgage rate is 3.40%, which is unchanged from 30 days ago and unchanged from 7 days ago.
Disclosure: We collect mortgage rates from most lenders and several major brokerages across Canada. The “best rate” is determined based on the rates we are able to gather; therefore, it is possible that we may miss certain brokerages or monoline lenders that could offer slightly better rates than those shown in this table. Additionally, financial institutions and brokerages may compensate us through ads, clicks, or leads, but this does not influence our ranking system.
About Mortgages and Rates in Canada
The content below, excluding mortgage rates, was last updated on: September 23rd, 2026
What is a mortgage in Canada?
A mortgage is a loan used to buy a home, secured by the property itself. You repay it over an amortization period, most commonly 25 years, in regular payments of principal and interest. Thirty-year amortizations are also available on uninsured mortgages and, since December 2024, on insured mortgages to first-time buyers and buyers of newly built homes. Separately, you commit to a mortgage term, the length of your current mortgage rate contract, which runs anywhere from six months to ten years. When the term ends, you renew, refinance, or switch lenders.
Rates shown on this page are for prime residential mortgages: owner-occupied homes bought by borrowers with strong credit, generally a score around 700 or higher, and verified income, funded by banks, credit unions, or mortgage finance companies. These carry the lowest rates in the market.
How much you put down shapes both your options and your rate. The minimum down payment is 5% on the first $500,000 of the price and 10% on the portion from $500,000 to $1.5 million. Put down less than 20%, and you must buy mortgage default insurance, which is available only on owner-occupied homes priced under $1.5 million. Counterintuitively, these default-insured mortgages carry the lowest rates, because the insurer covers the lender's risk, so a smaller down payment can actually mean a lower rate than a 20%-plus uninsured mortgage. Insurance status sorts mortgages into rate tiers that climb from insured through insurable to uninsurable as the lender takes on more risk.
Your rate also depends on the broader interest-rate environment. Fixed mortgage rates generally move with government bond yields, while variable rates are tied to lenders' prime rates, which typically move in response to changes in the Bank of Canada's policy rate. The 5-year fixed mortgage has traditionally been Canada's most popular option, although shorter terms became more popular between 2023 and 2025 as borrowers anticipated lower rates in the future. In 2026, shorter terms are still popular as they are priced more competitively.
Mortgage Rates by Province and City
Mortgage rates aren't the same everywhere in Canada. Because many lenders and brokers are licensed and compete province by province, the lowest available rate can vary with where you're buying, and even the same lender may quote differently in different markets. Choose your province or city to see the best rates in your area within the tables above or in the links below:
Ontario mortgage rates · British Columbia mortgage rates · Alberta mortgage rates · Quebec mortgage rates · Manitoba mortgage rates · Nova Scotia mortgage rates · Saskatchewan mortgage rates · New Brunswick mortgage rates · Newfoundland and Labrador mortgage rates
Cities: Toronto · Calgary · Vancouver · Montreal · Ottawa
Mortgage Rates by Term
The term, the length of your rate contract, is one of the biggest factors in the rate you're offered. Lenders price each term differently, so a 3-year fixed rate may differ from a 5-year fixed, and a variable rate follows a different driver. Compare all mortgage rates for each term:
1-year fixed mortgage rate · 2-year fixed rate · 3-year fixed rate · 5-year fixed rate · 5-year variable rate · 3-year variable rate
What Affects Your Mortgage Rate in Canada?
The key factors that affect the mortgage rate a borrower gets in Canada are — economic factors, type of borrower, mortgage type, whether the rate is fixed or variable, mortgage term length, amortization period and property location. The factors and their effects on mortgage rates are explained below.
Economic Factors
Both variable and fixed mortgage rates that are offered in Canada are influenced by the economic environment. The economic factors and their effects are explained below.
Prime Rate for Variable Mortgages
- Each bank has its own prime rate, which is based on the Bank of Canada overnight rate and is used to determine variable interest rates.
- As of the latest update on October 19, 2026, the prime rate in Canada is 4.45%.
- Variable mortgage rates change in line with changes in the prime rate.
Bond Yields for Fixed Mortgages
- Canadian bond yields with comparable terms and the overall economic climate influence Canada's fixed mortgage rates.
- When bond yields rise, fixed mortgage rates may increase, but the spread between the two can always change.
- Almost whenever bond yields fall significantly, the mortgage rates will decrease.
Economic Conditions
- When the economy is doing well, rates tend to rise.
- During economic downturns, rates usually drop to encourage borrowing and stimulate the economy.
- During a predicted economic downturn, a short-term or variable mortgage rate may benefit from potential rate cuts.
Type of Borrower
Mortgage rates in Canada can vary significantly depending on borrowers' creditworthiness. Prime borrowers with high credit scores, a strong credit history and stable income benefit from the lowest mortgage rates. Alt-A borrowers, such as self-employed borrowers with unstable income, bad credit borrowers, and private mortgage borrowers, face higher rates. The table below can help you understand how lenders categorize borrowers and the rates they are offered.
| Prime Borrower | Alt-A Borrower | Private Mortgage Borrower |
|---|---|---|
| Excellent credit history with a credit score of 700 or higher. | Fair to good credit with a credit score typically between 550 and 700. | Poor credit history with a credit score below 550 or significant financial challenges. |
| Stable and verifiable income to cover mortgage payments | May have less stable or unverifiable income (such as some self-employed borrowers) or minor credit issues that prevent qualifying for a prime mortgage. | Often have unstable income, heavy debt, or major credit issues, making them ineligible for traditional lending. |
| A low debt-to-income ratio demonstrates responsible financial management. | Considered a moderate-risk profile, resulting in slightly higher mortgage rates than prime borrowers. | Considered high-risk, leading to the highest rates and limited lender options. |
| Access to the best mortgage rates available in the market. | Access to competitive rates, though higher than those offered to prime borrowers. | Access only through private or alternative lenders. |
Mortgage Type
Mortgage Rates by Mortgage Type
| Lowest Rates | Lower Rates | Regular Rates | Higher Rates |
|---|---|---|---|
| Insured Mortgages | Insurable Mortgages | Uninsurable Mortgages | Rental / Investment Property Mortgages |
Insured Mortgages
- Mortgage default insurance is required if you make a down payment of less than 20% of the home’s purchase price.
- Typically have lower rates because they are backed by mortgage default insurance , which protects the lender.
- They have restrictions, such as a property purchase price of under $1.5 million with an LTV over 80%, a minimum credit score of 600, and debt service ratio limits.
- Borrowers must pay for mortgage default insurance, which costs 2.8% (for an LTV of 80.01% to 85%), 3.1% (for an LTV of 85.01% to 90%), and 4.0% (for an LTV of 90.01% to 95%) of their loan amount, depending on their down payment.
Uninsurable Mortgages and Refinance
- Uninsurable mortgages don't meet the mortgage default insurance criteria, such as a mortgage amortization period that is too long, a credit score that is too low, or debt ratios that are too high.
- Uninsurable mortgages and mortgage refinancing are considered riskier by lenders as they do not have and cannot qualify for default insurance, causing them to come with higher interest rates than insured and insurable mortgages.
Insurable Mortgages
- Insurable mortgages are those with a down payment greater than or equal to 20%. Insurance isn’t mandatory for them; however, they still meet the criteria set by mortgage insurers, such as having a home price below $1 million, amortization less than or equal to 25 years and a gross debt service ratio equal to or less than 39%.
- They usually have higher rates than insured mortgages because they lack default insurance protection, which increases the lender's risk exposure. However, the lender can choose to obtain insurance on these mortgages and pay for the insurance themselves.
- Insurable mortgage rates can vary significantly based on the loan-to-value ratio (LTV) , which is the proportion of your property's value that you are borrowing. For example, a 65% LTV (equivalent to making a 35% down payment) will usually result in a lower interest rate than an 80% LTV (equivalent to making a 20% down payment).
Rental/Investment Property Mortgage
- Mortgages for rental or investment properties generally have higher interest rates than primary residence mortgages.
- Lenders will also require a higher down payment for rental and investment properties.
Fixed vs. Variable Rate
In Canada, borrowers can get a mortgage with a fixed or a variable interest rate, depending on their risk tolerance. The rate can vary at the time of getting the mortgage as well as during the term in the case of variable-rate mortgages.
Fixed Rate Mortgage
- The interest rate remains constant throughout the term of the mortgage.
- Provides stability due to predictable mortgage payments.
- Typically offered in 6-month, 1, 2, 3, 4, 5, 7 and 10-year terms.
Variable Rate Mortgage
- Interest rates can fluctuate based on changes in the prime rate during the term.
- While variable-rate mortgages have fixed payments, the interest portion of the payment may increase or decrease based on changes in the prime rate.
- The payments of adjustable-rate mortgages (ARMs) vary with changes in the prime rate. This leads to savings if rates decrease but also higher payments if rates increase.
- Both variable and adjustable-rate mortgages offer flexibility but some uncertainty, as the rate can affect how much you pay over time.
- Historically, variable-rate mortgages have performed better than fixed-rate mortgages in the long run in terms of lower interest costs, leading to potential savings for borrowers. However, this hasn’t been true recently.
Mortgage Term Length
In Canada, mortgages with term lengths of 3 years or longer are the most common. As of November 2025, mortgages with a term of 5 or more years accounted for 24% of all fixed-rate mortgage outstanding balances in Canada, while those with terms of three to five years represented another 34%. However, mortgages in Canada can have as short as a 6-month term to as long as a 10-year term.
The mortgage term that you choose will affect your mortgage rate. Fixed mortgage rates are set by adding a risk premium (and a profit margin) over the yield of bonds with similar time to maturity. Shorter-term mortgages tend to pose less risk to the lender if mortgage rates increase in future than longer-term mortgages, but more importantly, they have less time to benefit the lender through their profit margin. Therefore, mortgage lenders often charge significantly higher margins on both short-term (1-2 years) and long-term (7-10 years) mortgages, making medium-term mortgages (3-5 years) the most competitive. Longer-term mortgages seem to command higher rates because of weaker competition and more interest rate risk. This may be untrue in certain economic conditions.
Short-Term Mortgages (6 months to 2 years)
- May come with higher interest rates compared to longer terms because lenders often demand a higher percentage margin on a shorter term than a longer-term loan.
- For borrowers expecting interest rates to drop or planning to sell the property in the near future.
Medium-Term Mortgages (3 to 5 years)
- Provide a balance between stability and the flexibility of a shorter commitment compared to long-term options.
- Competition among Canadian mortgage lenders is most intense for 5-year fixed and 3-year fixed-rate mortgages due to their popularity, which helps keep these rates lower.
Long-Term Mortgages (Longer than 5 years)
- Typically have higher interest rates due to the extended risk for lenders.
- Offer long-term stability and predictable payments, appealing to risk-averse borrowers.
- For borrowers planning long-term residence and wanting to lock in current mortgage rates to avoid potential future rate increases.
Mortgage Term Lengths of Canadian Mortgages
(Outstanding Mortgage Balances as of September 2025)
Source: Statistics Canada: Funds advanced, outstanding balances, and interest rates for new and existing lending, Bank of Canada.
The main factor when deciding between a long or short mortgage term is if you think rates will go up or down. Short-term fixed-rate mortgages are ideal for those who believe interest rates will decrease. They allow for more frequent mortgage renewals and renegotiations, potentially leading to savings if rates drop or your financial situation improves, qualifying you for a better rate.
Long-term fixed-rate mortgages suit those expecting interest rates to rise . They provide stability and protection from rate increases, letting you lock in your rate for longer.
What happens at the end of a mortgage term?
At the end of each term, you have three main options:
- Renew with your current lender: Signing for another term with your existing lender means your mortgage payment and interest rate may change, but your lender might not reassess your credit score or debt service ratios.
- Switch to a new lender: If you transfer your mortgage to another lender at renewal, the new lender will reassess your application. Eligible uninsured straight switches between federally regulated lenders are exempt from the prescribed mortgage stress test, provided the loan amount and remaining amortization are not increased.
- Refinance: Refinancing a mortgage involves signing a new mortgage agreement, possibly with a different rate or lender. This replaces your existing mortgage with a new one, allowing you to change the terms and conditions. Refinancing requires passing the mortgage stress test and can enable you to borrow more money using your home equity .
Amortization Period
Amortization period refers to the total time it takes to pay off your mortgage. The standard amortization period in Canada is 25 years; however, some lenders offer amortization periods of up to 40 years. Lenders in Canada tend to offer lower mortgage rates for an amortization period of up to 25 years compared to longer amortization periods, as a longer amortization period makes a mortgage uninsurable and thus increases its funding cost. You will also end up spending much more in interest costs with a longer amortization period. However, your regular mortgage payments will be higher with a shorter amortization period.
Location and Type of Property
The mortgage rates you are offered can vary based on where the property is located in Canada and on how competitive the market is. Some of the laws, regulations and licenses relating to mortgages are provincial. Thus some lenders are active in some provinces and not in all of them. Even the same lender may offer different rates in different provinces. Further, lenders may offer better rates and may be more willing to negotiate for homebuyers in major cities because housing markets in major cities are more liquid, and lenders' loss in the event of default would be lower.
Some lenders may offer different rates for different types of properties, such as detached homes and condos. Condo mortgage rates can be a bit higher than for single-family homes, as their prices have been more volatile, and thus they are perceived as slightly riskier.
CMHC Mortgage Default Insurance
If your down payment is less than 20%, you must pay for mortgage insurance from the Canada Mortgage and Housing Corporation (CMHC) or another mortgage insurer like Sagen or Canada Guaranty. This one-time premium amount is paid upfront and depends on your down payment size, with a lower down payment resulting in a higher premium.
Cost of CMHC Insurance Premiums
| Loan-to-Value | CMHC Insurance Premium |
|---|---|
| Up to and including 65% | 0.60% |
| 65.01% - 75% | 1.70% |
| 75.01% - 80% | 2.40% |
| 80.01% - 85% | 2.80% |
| 85.01% - 90% | 3.10% |
| 90.01% - 95% | 4.00% (4.50% for non-traditional down payment) |
Source: CMHC Mortgage Loan Insurance Costs.
Mortgage Brokers
Mortgage brokers can be invaluable in navigating the complex mortgage landscape.
What is a Mortgage Broker?
A mortgage broker is a licensed professional that acts as an intermediary between you and potential mortgage lenders. They are expected to assess your financial situation and work to find you the best mortgage product and rate available. For prime mortgages, mortgage brokers are typically compensated by the lender through a commission (e.g., finder’s fee of around 1%), which means there is no direct cost to you. However, some of them (shown in our table) go with much smaller compensation to buy-down the rates. For private mortgages, the broker’s commission is typically paid by the borrower. When there is a fee, your broker is required to disclose it.
Benefits of Using a Mortgage Broker
Brokers can access a wide range of lenders and products, often securing better rates than you could find on your own. They also handle much of the paperwork, making the process smoother for you.
How to Choose a Mortgage Broker?
Look for a broker with a good reputation, experience, and a comprehensive network of lenders. Ask for referrals, compare the lowest mortgage rates on this page, and read reviews to find a trustworthy broker. Also, check for the broker's licence registration with the provincial regulator. For example, FSRA (Financial Services Regulatory Authority of Ontario) licences mortgage brokers in Ontario .
- Shop around by using mortgage rate comparison websites such as WOWA, Ratehub, and NerdWallet Canada . Compare mortgage rates Canada from different Canadian mortgage lenders to find the best deal for your financial situation.
- Consider working with a mortgage broker who can negotiate on your behalf and provide access to a wider range of lenders. This includes lenders that do not offer their products directly to borrowers. Some mortgage brokers also offer mortgage buydowns, such as Butler Mortgage. These brokers lower the mortgage rate you get by decreasing their broker commissions.
- Consider a shorter amortization period (the length of time it takes to pay off the entire mortgage), as this can lead to overall savings. Keep in mind that a shorter amortization period reduces overall interest costs, but it will result in higher monthly payments.
- Be aware of hidden fees or penalties associated with your mortgage, and read the fine print carefully before signing any agreements.
- Regularly review your mortgage rate and consider refinancing if market conditions or your financial situation change.
Mortgage Rates Canada: Common Questions
Navigating mortgages can be challenging. Here are some common questions and answers.
Which Lender Has the Best Mortgage Rates in Canada?
There is no lender which consistently offers the best mortgage rates in Canada. However, you will often find that smaller lenders or monoline lenders that work through mortgage brokers advertise lower rates to attract borrowers. Also, some brokers such as Butler Mortgage use part of their compensation to reduce the rate they offer. This means that the lowest mortgage rates you will see are frequently offered by a mortgage broker. Currently, the best mortgage rate in Canada for a 5-year fixed rate mortgage is offered by Frank Mortgage, at 4.34%. The lowest rates are for insured mortgages.
How Do I Get a Better Mortgage Rate?
These factors give you access to better mortgage rates:
- 1) A credit score over 700,
- 2) Either by purchasing mortgage default insurance, which is compulsory with a down payment of less than 20%, or putting a down payment of more than 35% for uninsured mortgages, and
- 3) Shopping around by checking mortgage rates offered by different lenders and mortgage brokers and also mortgage rate comparison websites such as WOWA.
The best mortgage rates in Canada are given to “prime borrowers” by A lenders, like banks and credit unions. Prime borrowers have a credit score of over 700 and stable documented income. If your credit score is below 700, you should improve it to be eligible for the lowest rates. Another credit score threshold to look for is a score of 600, which is the minimum score to qualify for an insured mortgage. Insured mortgage rates are the best rates you can get because they have no risk of loss for the lender. For example, today’s lowest 5-year insured mortgage rate is 4.34%, compared to the current lowest 5-year uninsurable mortgage rate of 4.64%.
There are also insurable mortgage rates, which are slightly higher than insured rates but still lower than uninsurable rates. With insurable mortgages, the borrower qualifies for an insured mortgage, such as when a prime borrower’s home purchase price is under $1 million, but the borrower has made a down payment of 20% or more. In such a scenario, they do not have to pay for mortgage default insurance. Instead, the lender is still able to insure the mortgage, allowing them to give a better mortgage rate.
Working with a mortgage broker can help to get a better mortgage rate in Canada. They compare mortgage rates between multiple lenders, negotiate rates on your behalf, and may even have volume discounts with lenders. We are displaying some of the best ones in the mortgage rate table on top of this page, allowing you to easily compare the best rates. Plus, they may buy down rates, meaning that they give up some of their own commission to get you a lower rate. This can give you access to lower rates than directly from mortgage lenders.
How Often Do Mortgage Rates Change?
Canadian mortgage lenders typically update their rates every few days. Fixed mortgage rates are based on bond yields , and lenders usually only adjust them when there are significant shifts in bond yields. Variable mortgage rates are mainly influenced by the Bank of Canada’s policy rate , which may change at eight predetermined meeting dates during the year, outside of special circumstances such as the COVID-19 pandemic. Still, banks may change variable rates slightly, independent of Bank of Canada meetings, if they want to attract more (or fewer) customers.
While mortgage rates do fluctuate, and they can change at any time, they do not change as frequently as stock prices. This is largely due to the nature of mortgage lending.
Unlike stock prices, which react instantly to market sentiment or news during trading hours, mortgage rates are influenced by broader economic factors, both Canadian and international. These include bond yields, inflation expectations, and central bank policies, such as the Bank of Canada's interest rate changes. Lenders need time to assess risk, conditions, and their own cost of borrowing before adjusting their rates, resulting in fewer rate changes over short periods. For example, if the bond yield moves up or down, it will need to stay in that range for a while before banks become comfortable to change their rates.
While mortgage rates may not change every minute, they are still subject to market fluctuations and can be adjusted multiple times a week by lenders. To ensure that any changes are reflected in the rates we display and to best show you the most up-to-date rates from a wide number of lenders, the Canada mortgage rates on this page are updated three times a day on business days: in the morning, afternoon, and evening.
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.