Mortgage rates in Canada.
100+ lenders. Daily.
Today’s best 5-year fixed is 4.14% across our network. Variable is 3.00%. Get your own rate in 5 minutes. No credit pull to start.
What are the best mortgage rates right now?
Today’s best 5-year fixed is 4.14% and the best 5-year variable is 3.00%. Pick a term to compare every lender.
What should you know before you lock a rate?
Four things move your rate more than anything else.
Fixed or variable?
Fixed keeps your payment the same for the whole term. Variable moves with the Bank of Canada and is usually cheaper to break (3 months' interest instead of an IRD penalty), but your rate can change.
What sets my rate?
Your credit score, down payment, income type, the property, and whether the mortgage is insured. Insured mortgages (under 20% down) usually get the lowest rates.
Why use a broker, not my bank?
A bank shows you one rate sheet. We send one file to 100+ lenders — banks, monolines and credit unions — and they compete for it.
Can I hold today's rate?
Yes. A pre-approval comes with a 90-120 day rate hold. If rates rise, you're protected. If they fall, most lenders honour the drop. No credit pull to start.
What would your monthly payment be?
Adjust the sliders — the payment updates instantly at today’s best rates across our 100+ lender network. No personal info needed.
Principal + interest only at today’s best-in-network rate. Property tax, home insurance and condo fees are separate.
Rates shown are the best available in our 100+ lender network as of today. Your actual rate depends on your credit, income, and property — start your pre-approval to get your personalized number.
How do you lock the lowest rate?
One application. 100+ lenders compete. Your rate in about 5 minutes.
- 1
Tell us your plan
Buying, renewing or refinancing. About 5 minutes. No credit pull to start.
- 2
We shop 100+ lenders
One application reaches every lender on our panel. Each one competes on rate.
- 3
Compare offers side by side
We show the total cost, not just the rate, and explain each option.
- 4
Lock your rate and close
We hold your rate and manage the file to closing. Most A-lender files close in 3–5 weeks.
Which rates fit your situation?
Buying your first home
We lock a rate while you search, held for 90-120 days.
First-time buyer ratesYour mortgage is up for renewal
Your lender's renewal offer is rarely its best. We compare 100+ lenders.
See renewal ratesYou want a lower rate mid-term
We compare your penalty with the saving, and only suggest it if you come out ahead.
Refinance ratesYou're self-employed
We know which lenders read your income best — often at A-lender rates.
Self-employed ratesYou're buying a rental
Lenders count rental income differently. We find the one that counts it best.
Investment property ratesYou came to Canada in the last 5 years
Most major lenders have newcomer programs. We match you to the best fit.
New to Canada ratesMortgage rates — answered.
What is the best mortgage rate in Canada right now?
As of Oct 24, 2026, the best 5-year fixed in our 100+ lender network is approximately 4.14%, with 5-year variable around 3.00%. Your personalized rate depends on your file — income, credit score, loan-to-value, property type and whether the mortgage is insured. We shop every lender on a single application to find your lowest.
Fixed or variable — which is better in 2026?
Fixed gives payment certainty for the full term; variable moves with the Bank of Canada's policy rate and is usually priced lower with a smaller break penalty (3 months' interest vs. IRD). The right answer depends on your risk tolerance and rate outlook — see our rate forecast and we'll model both on your numbers.
Are insured (high-ratio) mortgage rates lower?
Usually yes. With less than 20% down your mortgage is insured (CMHC/Sagen/Canada Guaranty), which lowers the lender's risk — so insured rates are often the lowest on the board. Put 20%+ down and you're uninsured/conventional, which can price slightly higher. See our CMHC premium calculator.
How often do these rates update?
The board refreshes from our lender-network feed and is reviewed daily. Posted rates are the best available per term and type; your actual offer is confirmed at application.
Can I hold today's rate before I buy or renew?
Yes. A pre-approval comes with a 90-120 day rate hold, so a rising market can't catch you — and many lenders honour a drop. Start a pre-approval (no bureau pull to begin) to lock today's rate.
How does a broker get a lower rate than my bank?
A bank shows you one rate sheet. We put your file in front of 100+ lenders — banks, monolines, credit unions — who compete for it, and we pass on volume pricing we hold as a brokerage. At renewal especially, broker-channel rates often beat a lender's first offer.
What's the difference between a posted rate and a special offer?
A lender's posted rate is its official sticker price; the special offer is the discounted rate it will actually give a strong file. We shop lenders' live special offers across the whole market at once, so the numbers on this board reflect real discounted pricing — not posted rates.
What does 25 vs 30-year amortization mean for my payment?
Your amortization is how long you take to pay the mortgage off completely. A 25-year schedule costs more per month but less total interest. A 30-year — now available for first-time buyers and new builds — lowers the payment but adds significantly more interest over the life of the loan. Use the simulator on this page to compare both at today's live rates.
Today's best mortgage rates by city
The board above is the same across Canada. What changes locally is the price band your file sits in, the property forms lenders are comfortable with, and which regional lenders are on the panel — each market hub prices that out.
Get your exact rate in 5 minutes.
We can help you save money. No credit pull to start.