Best mortgage rates in Canada.

As of May 13, 2026, the best 5-year fixed in our 50+ lender network is approximately 4.19%, with 5-year variable around 4.04%. 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 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.

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.

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.

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.

A bank shows you one rate sheet. We put your file in front of 50+ lenders — banks, monolines, credit unions — who compete for it, and we pass on volume pricing we hold as a brokerage. Renewal shoppers alone save an average of 30-60 bps versus the bank's first offer.