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Home / Today's Rates

Posted Rates — Major Canadian Lenders

Tracking rates from lenders across the Canadian market. Updated regularly.

Last updated: Bank of Canada Rate: 2.25% Prime Rate: 4.45% Next BoC Decision: October 28, 2026
ⓘ Market Rate Information  —  Rates shown are lenders’ publicly posted rates, compiled from public sources for informational purposes only, On Approved Credit (OAC), and subject to change without notice. They are informational only, not offers of credit, and are not guaranteed to be available to any specific borrower. These are not the rates you will necessarily pay. Actual rates depend on individual qualifications (credit, income, down payment, property type), and not all applicants will qualify. A licensed mortgage broker who has your full financial picture — income, credit, down payment, property type and goals — can often negotiate materially better rates than lenders post publicly. Nordaux has no affiliation, partnership or relationship with any lender listed. Payment and APR basis: monthly payment example based on a $500,000 mortgage, 25-year amortization, Canadian semi-annual compounding. APR assumes approximately $1,200 in standard lender and closing fees; actual APR depends on your transaction fees. ∗Insured (high-ratio) rates require a down payment under 20% and mandatory default insurance, and are not available on refinances, which are capped at 80% loan-to-value. Sources: lender public websites, updated daily  ·  BoC overnight rate from the Bank of Canada  ·  prime rate based on published Canadian bank prime rates  ·  Last updated:

Posted Rates — Selected Canadian Lenders

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Type
Term
☰ Lender ⇵ Term ⇵ Type ⇵ Rate ↑ Payment* ⇵ APR ⇵
What credit score do you need? Most lenders on this table require 660+. See how your score affects the rate you actually get.
Credit Score Guide →

Canadian Mortgage Rate Trend (2021–2026)

Understanding These Rates

What is the difference between rate and APR?+

The rate (or interest rate) is the cost of borrowing expressed as a percentage. The APR (Annual Percentage Rate) includes the interest rate plus lender fees, giving you a more complete picture of the true cost. Always compare APRs when shopping lenders.

Fixed vs. Variable — which is better right now?+

With the Bank of Canada rate at 2.25% and fixed rates highly competitive, many buyers are opting for fixed rates to lock in certainty. Variable rates are lower if you expect further BoC rate cuts. A licensed mortgage broker can model both scenarios for your specific situation.

How often do mortgage rates change?+

Fixed rates are tied to Government of Canada bond yields and can change daily. Variable rates adjust automatically when the Bank of Canada changes its overnight rate (8 scheduled decisions per year). Rates are updated daily.

Will I qualify for the best advertised rate?+

Best rates typically require: a credit score of 720+, owner-occupied property, maximum 80% LTV (20%+ down payment), strong income documentation, and conventional amortization (25 years or less). Your broker will identify the best rate you personally qualify for — often very close to the advertised best.

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