Mortgage Rates in Canada & BC — How Rates Work
How Canadian mortgage rates work and what moves them — fixed rates track Government of Canada bond yields, variable rates track the Bank of Canada policy rate — with RateStreet finding the rate and terms that fit you, at no cost.
Current Mortgage Rates in Canada — Updated Daily
Where Canadian mortgage rates are today and where they're heading. Market context and expert commentary from RateStreet, a Canadian mortgage company.
pointer-events-none hidden md:block absolute right-0 top-1/2 -translate-y-1/2 z-0 w-[340px] h-[300px] overflow-hidden
Frequently asked questions
How are mortgage rates set in Canada?
Fixed mortgage rates are priced mainly off Government of Canada bond yields, especially the 5-year yield. Variable rates move with lenders' prime rate, which tracks the Bank of Canada's policy interest rate. Educational information, not advice.
Do mortgage brokers get different rates than banks?
A mortgage company works across many lenders at once rather than a single bank's products, which can surface options — on both the rate and the terms — you would not see on your own, and the service is usually free to you. The right choice balances the rate with the terms that fit your plans. Educational information, not advice.
What is the difference between a posted rate and a discounted rate?
The posted rate is a lender's official published rate; most borrowers receive a discounted rate below it. Posted rates still matter because some lenders use them to calculate fixed-rate break penalties. Educational information, not advice.
Free mortgage calculators
Get started · Book a call with a licensed broker · 1-888-728-3787
