Best Canadian Mortgage Rates
Rates last updated: November 7, 2026
1-Year Fixed Mortgage
2-Year Fixed Mortgage
3-Year Fixed Mortgage
4-Year Fixed Mortgage
5-Year Fixed Mortgage
10-Year Fixed Mortgage
3-Year Variable Mortgage
5-Year Variable Mortgage
Frequently Asked Questions: Canadian Mortgage Rates
What is the best 5-year fixed mortgage rate in Canada right now?
As of Nov 7, 2026, the lowest 5-year fixed conventional mortgage rate AdvaEqs tracks is 4.39% from Steinbach Credit Union. The lowest 5-year fixed rates usually come from online lenders and credit unions rather than the big banks' posted rates. AdvaEqs compares special offers and posted rates from banks and credit unions.
Should I choose a fixed or variable mortgage rate?
A fixed rate locks your payment for the whole term, protecting you if rates rise. A variable rate moves with your lender's prime rate: historically it has often cost less, but your rate can go up. The right choice depends on your budget flexibility and how much rate risk you can tolerate.
What is the difference between posted and special mortgage rates?
Posted rates are a lender's official published rates; special (or discounted) rates are the lower rates most borrowers actually receive. Where an institution publishes special offers we show those; otherwise we show its posted rate. Always confirm the final rate with the lender.
What is the difference between a mortgage term and amortization?
The term is how long your current rate and conditions last, typically 1 to 10 years. The amortization is how long it would take to pay off the whole mortgage, commonly 25 years. At the end of each term you renew at then-current rates for a new term.
How often are these mortgage rates updated?
We harvest rates directly from each institution's public website on a regular schedule, typically daily. Variable rates change whenever a lender's prime rate moves, and fixed specials change with market conditions. Always verify the current rate with the institution before applying.
Mortgage Rates by Institution
See every rate we track for a single institution, compared against the best rate in Canada.
- Alterna Bank mortgage rates
- ATB Financial mortgage rates
- Beem Credit Union mortgage rates
- BMO mortgage rates
- Scotiabank mortgage rates
- CIBC mortgage rates
- FirstOntario Credit Union mortgage rates
- Kindred Credit Union mortgage rates
- Kawartha Financial Services mortgage rates
- Libro Credit Union mortgage rates
- Meridian Credit Union mortgage rates
- Manulife Bank mortgage rates
- National Bank of Canada mortgage rates
- Northern Birch Credit Union mortgage rates
- Northern Credit Union mortgage rates
- Prospera Credit Union mortgage rates
- Peoples Trust mortgage rates
- Pathwise Credit Union mortgage rates
- RBC mortgage rates
- Steinbach Credit Union mortgage rates
- Servus Credit Union mortgage rates
- Simplii Financial mortgage rates
- Tangerine mortgage rates
- Tru Cooperative Bank mortgage rates
- WFCU Credit Union mortgage rates
- WealthONE Bank mortgage rates
- Your Neighbourhood Credit Union mortgage rates
Disclaimer: Rates may not be accurate and may change without notice. Your actual rate depends on your application and the lender’s approval. Always verify current terms directly with the financial institution before making any decisions.
How we collect rates: We regularly collect rates from publicly available information published by financial institutions, with automated checks and periodic spot checks for accuracy.
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