Latest Mortgage Rates Canada
Compare current rates from Canada's top lenders including Big 6 Banks and monoline lenders. Updated twice daily.
Basic Terms
Mortgage Term
What is Mortgage Term?
The length of time your mortgage agreement is in effect, typically 1 to 10 years. At the end of the term, you must renew your mortgage, renegotiate terms, or pay it off. Most Canadians choose 5-year terms.