# Latest Mortgage Rates

> LatestMortgageRates.ca compares posted mortgage rates from 25+ Canadian lenders and updates them daily. A second dataset summarizes rates self-reported by Canadian borrowers online. Guides and calculators explain the contract in plain language. The site is education. It is not a mortgage offer and it is not a lender.

Andrew writes the guides. The public byline is Andrew. Email contact@latestmortgagerates.ca.

## Key sections

- [Current rates](https://latestmortgagerates.ca/): Posted fixed and variable rates
- [Real mortgage rates](https://latestmortgagerates.ca/real-mortgage-rates/): What borrowers report versus posted rates
- [Prime rate](https://latestmortgagerates.ca/prime-rate/): Policy rate and lender prime
- [Rate data](https://latestmortgagerates.ca/rate-data/): Posted rates, changes, break costs, and forecasts
- [Guides](https://latestmortgagerates.ca/guides/): Renewals, penalties, the stress test, and fixed versus variable
- [Calculators](https://latestmortgagerates.ca/tools/): Payments, qualification, penalties, and closing costs
- [Rate hubs](https://latestmortgagerates.ca/rates/5-year-fixed/): 5-year fixed, variable, insured, and uninsured
- [Mortgage terms glossary (Canada)](https://latestmortgagerates.ca/glossary/): Plain-language definitions
- [News and rate reports](https://latestmortgagerates.ca/blog/): Weekly posted-rate roundups and the monthly below-the-line report
- [Methodology](https://latestmortgagerates.ca/methodology/): Sample size, rounding, and the scrape
- [Editorial policy](https://latestmortgagerates.ca/editorial-policy/): Research, fact-checking, updates, corrections, and advertising
- [Author](https://latestmortgagerates.ca/author/andrew/): Andrew
- [About](https://latestmortgagerates.ca/about/): What the site is for
- [Contact](https://latestmortgagerates.ca/contact/): contact@latestmortgagerates.ca

## Guides

- [2026 mortgage renewal playbook](https://latestmortgagerates.ca/guides/2026-mortgage-renewal-playbook/): The 2021 five-year terms come due in 2026. Timeline, negotiation, switching, and blend-and-extend, with the stress-test exemption written out.
- [The 2027 renewal wave](https://latestmortgagerates.ca/guides/2027-mortgage-renewal-wave/): Five-year terms from 2022 mature in 2027. January's borrowers and December's borrowers are not facing the same payment.
- [Switching lenders at renewal](https://latestmortgagerates.ca/guides/switching-mortgage-lenders-at-renewal/): Discharge, legal, and appraisal costs, the straight-switch exemption from the set stress-test rate, and the papers to have ready before maturity.
- [Renewal, refinance, or HELOC](https://latestmortgagerates.ca/guides/mortgage-renewal-vs-refinance-vs-heloc/): Same house, three different loans: what each one changes, what it costs, and which test you have to pass.
- [Porting a mortgage](https://latestmortgagerates.ca/guides/porting-mortgage-canada/): Same lender, remaining term, and a blend if you need more money. The day-count between closings is in the contract, and it is not the same at every bank.
- [Blend-and-extend vs break vs wait](https://latestmortgagerates.ca/guides/blend-and-extend-mortgage/): The month-weighted formula, a worked example against waiting and against a three-month penalty, and the costs a blend hides.
- [Mortgage rate holds](https://latestmortgagerates.ca/guides/mortgage-rate-hold-canada/): RBC and TD publish 120-day fixed holds and BMO publishes 130. A hold is honoured only if you fund in time and still qualify, and a renewal statement is a shorter, different promise.
- [How prepayment penalties are calculated](https://latestmortgagerates.ca/guides/mortgage-prepayment-penalties/): Three months' interest versus the IRD, the posted-rate method versus a discounted comparison rate, and the moves that shrink the bill.
- [Fixed vs variable in 2026](https://latestmortgagerates.ca/guides/fixed-vs-variable-mortgage-2026/): The spread in this site's rate file, a break-even if prime rises, and the difference between a payment that moves and a payment that does not.
- [Should you lock in a variable rate?](https://latestmortgagerates.ca/guides/should-i-lock-in-variable-rate/): The conversion is usually into a fixed term at least as long as the time left, at the rate the lender offers that day. The spread in the rate file is the break-even, not a forecast.
- [Posted vs discounted rates](https://latestmortgagerates.ca/guides/posted-vs-discounted-mortgage-rates/): Why the shelf rate exists, how a discount is applied, and how that same discount comes back in a prepayment penalty.
- [Bank of Canada rate and your mortgage](https://latestmortgagerates.ca/guides/bank-of-canada-rate-and-your-mortgage/): Overnight rate, prime, variable versus adjustable payments, trigger rates, and why a fixed quote can move when the Bank holds.
- [Big 5 banks compared](https://latestmortgagerates.ca/guides/big-5-bank-mortgages-compared/): Posted and special 5-year rates from the scrape, reported discounts only where the sample is large enough, and the penalty, hold, and HELOC terms each bank publishes.
- [Big banks, monolines, and credit unions](https://latestmortgagerates.ca/guides/banks-vs-monoline-lenders-vs-credit-unions/): Rates, penalties, portability, service, and who actually regulates the lender. Deposit insurance is about savings, not the loan.
- [HELOC rates in Canada](https://latestmortgagerates.ca/guides/heloc-rates-canada/): Prime plus a margin, a revolving cap at 65% of value, and a combined cap at 80%. The margin is in the commitment unless the lender actually posts it.
- [First-time home buyer programs](https://latestmortgagerates.ca/guides/first-time-home-buyer-programs-canada/): FHSA, the Home Buyers' Plan, the new-home GST/HST rebate, provincial transfer taxes, and who can still get a 30-year insured amortization.
- [Closing costs by province](https://latestmortgagerates.ca/guides/closing-costs-canada-by-province/): Land transfer tax, Toronto's municipal tax, and land-titles fees on a $500,000 and an $800,000 home, plus the rebates and the new-build GST.
- [CMHC mortgage insurance](https://latestmortgagerates.ca/guides/cmhc-mortgage-insurance-canada/): Premium tiers, the down-payment formula, the price cap under $1.5 million, provincial tax, and why 20% down is not always the cheaper loan.
- [Mortgage stress test, explained](https://latestmortgagerates.ca/guides/mortgage-stress-test/): The qualifying rate, the 39% and 44% debt ratios, worked files at three incomes, and the renewals that do not re-run the test.
- [30-year amortizations](https://latestmortgagerates.ca/guides/30-year-amortization-canada/): Who qualifies for an insured 30-year amortization, the payment and the stress test, and what the extra interest costs on a worked example.
- [How much below posted can you negotiate?](https://latestmortgagerates.ca/guides/negotiate-mortgage-rate/): See how far below each Big-5 posted rate Canadian borrowers report getting, then use the steps to negotiate a renewal. Self-reported, unverified, and not an offer.

## Tools

- [Calculators and tools](https://latestmortgagerates.ca/tools/): Payment, stress test, penalty, renewal, and closing-cost calculators
- [Payment Calculator](https://latestmortgagerates.ca/tools/mortgage-calculator/): Calculate monthly payments
- [Affordability Calculator](https://latestmortgagerates.ca/tools/affordability-calculator/): How much can you afford?
- [Land Transfer Tax](https://latestmortgagerates.ca/tools/land-transfer-tax-calculator/): Provincial & municipal taxes
- [CMHC Calculator](https://latestmortgagerates.ca/tools/cmhc-insurance-calculator/): Insurance premiums
- [Closing Costs](https://latestmortgagerates.ca/tools/closing-costs-calculator/): Total fees to close
- [Rent vs Buy](https://latestmortgagerates.ca/tools/rent-vs-buy-calculator/): Which saves more?
- [Penalty Calculator](https://latestmortgagerates.ca/tools/mortgage-penalty-calculator/): Break fee estimate
- [Renewal Calculator](https://latestmortgagerates.ca/tools/mortgage-renewal-calculator/): Compare renewal options
- [Renewal Offer Checker](https://latestmortgagerates.ca/tools/renewal-offer-checker/): Is the rate you were offered any good?
- [Refinance Calculator](https://latestmortgagerates.ca/tools/refinance-calculator/): Break-even analysis
- [Stress Test](https://latestmortgagerates.ca/tools/stress-test-qualifier/): Do you qualify?

## Rates

- [Current posted rates](https://latestmortgagerates.ca/): Posted rates from 25+ Canadian lenders, updated daily
- [5-Year Fixed Rates](https://latestmortgagerates.ca/rates/5-year-fixed/): Today’s best locked-in 5-year rates
- [Variable Rates](https://latestmortgagerates.ca/rates/variable/): Prime-linked variable mortgage rates
- [Insured Rates](https://latestmortgagerates.ca/rates/insured/): High-ratio rates with under 20% down
- [Uninsured Rates](https://latestmortgagerates.ca/rates/uninsured/): Conventional rates with 20%+ down

## Comparisons

- [Compare mortgages](https://latestmortgagerates.ca/compare/): Side-by-side product and lender comparisons
- [Fixed vs Variable](https://latestmortgagerates.ca/compare/fixed-vs-variable/): Payment certainty versus prime-linked rates
- [Insured vs Uninsured](https://latestmortgagerates.ca/compare/insured-vs-uninsured/): High-ratio premiums versus conventional rates
- [Wealthsimple vs TD](https://latestmortgagerates.ca/compare/wealthsimple-vs-td/): Digital brokerage versus a Big 5 bank
- [TD vs RBC](https://latestmortgagerates.ca/compare/td-vs-rbc/): FlexLine versus Homeline, live 5-year rates
- [nesto vs Wealthsimple](https://latestmortgagerates.ca/compare/nesto-vs-wealthsimple/): Digital lender versus digital brokerage
- [BMO vs CIBC](https://latestmortgagerates.ca/compare/bmo-vs-cibc/): Smart Fixed versus Home Power Plan

## Data

- [Real mortgage rates](https://latestmortgagerates.ca/real-mortgage-rates/): Medians of rates self-reported by Canadian borrowers online, next to posted rates
- [Prime rate in Canada today](https://latestmortgagerates.ca/prime-rate/): Lender prime next to the Bank of Canada policy rate
- [Mortgage rate-change tracker](https://latestmortgagerates.ca/rate-changes/): How posted rates moved in the daily scrape
- [Mortgage break costs](https://latestmortgagerates.ca/mortgage-break-costs/): What breaking a 5-year fixed costs at each Big Five bank
- [Canadian mortgage rate forecast 2027](https://latestmortgagerates.ca/mortgage-rate-forecast-2027/): Published forecasts from Canadian institutions
- [Discount by bank](https://latestmortgagerates.ca/reports/discount-by-bank/): How far rates self-reported by Canadian borrowers online sit below each bank's posted rate
- [Rate data](https://latestmortgagerates.ca/rate-data/): The posted-rate file behind the tables
- [Methodology](https://latestmortgagerates.ca/methodology/): How posted rates and borrower-reported rates are compiled
- [Rate trends](https://latestmortgagerates.ca/trends/): Posted-rate history from the daily scrape
- [Below-the-Line Mortgage Rate Report: October 2026](https://latestmortgagerates.ca/blog/below-the-line-mortgage-rate-report-october-2026/): As of October 26, 2026, the median 5-year variable rate self-reported by Canadian borrowers online is 3.55% (N = 210) and the median 5-year fixed rate is 4.35% (N = 79). 94% of 5-year variable reports sit below the Big-5 posted median.

## Lenders

- [All lenders](https://latestmortgagerates.ca/lenders/): Posted rates for each lender we track
- [Alterna Bank](https://latestmortgagerates.ca/lenders/alterna/): Posted rates from this lender
- [ATB Financial](https://latestmortgagerates.ca/lenders/atb/): Posted rates from this lender
- [BMO Bank of Montreal](https://latestmortgagerates.ca/lenders/bmo/): Posted rates from this lender
- [Butler Mortgage](https://latestmortgagerates.ca/lenders/butlermortgage/): Posted rates from this lender
- [CIBC](https://latestmortgagerates.ca/lenders/cibc/): Posted rates from this lender
- [CMLS Financial](https://latestmortgagerates.ca/lenders/cmls/): Posted rates from this lender
- [Coast Capital Savings](https://latestmortgagerates.ca/lenders/coastcapital/): Posted rates from this lender
- [Desjardins](https://latestmortgagerates.ca/lenders/desjardins/): Posted rates from this lender
- [Equitable Bank](https://latestmortgagerates.ca/lenders/equitable/): Posted rates from this lender
- [First National Financial](https://latestmortgagerates.ca/lenders/firstnational/): Posted rates from this lender
- [Home Trust](https://latestmortgagerates.ca/lenders/hometrust/): Posted rates from this lender
- [Laurentian Bank](https://latestmortgagerates.ca/lenders/laurentian/): Posted rates from this lender
- [Manulife Bank](https://latestmortgagerates.ca/lenders/manulife/): Posted rates from this lender
- [Meridian Credit Union](https://latestmortgagerates.ca/lenders/meridian/): Posted rates from this lender
- [National Bank of Canada](https://latestmortgagerates.ca/lenders/nationalbank/): Posted rates from this lender
- [nesto](https://latestmortgagerates.ca/lenders/nesto/): Posted rates from this lender
- [RBC Royal Bank](https://latestmortgagerates.ca/lenders/rbc/): Posted rates from this lender
- [RFA](https://latestmortgagerates.ca/lenders/rfa/): Posted rates from this lender
- [Scotiabank](https://latestmortgagerates.ca/lenders/scotiabank/): Posted rates from this lender
- [Simplii Financial](https://latestmortgagerates.ca/lenders/simplii/): Posted rates from this lender
- [Tangerine](https://latestmortgagerates.ca/lenders/tangerine/): Posted rates from this lender
- [TD Bank](https://latestmortgagerates.ca/lenders/td/): Posted rates from this lender
- [True North Mortgage](https://latestmortgagerates.ca/lenders/truenorth/): Posted rates from this lender
- [Vancity](https://latestmortgagerates.ca/lenders/vancity/): Posted rates from this lender
- [Wealthsimple](https://latestmortgagerates.ca/lenders/wealthsimple/): Posted rates from this lender

## Data methodology

Posted rates are read from each lender's public rate pages. The scrape runs twice a day, once in the morning and once in the evening, Eastern time. A failed read can leave that lender out until the next successful scrape.

Borrower-reported rates are self-reported by Canadian borrowers online. A row is kept when a public post states a rate, a term, and fixed or variable, and reads as an approval, a renewal, or an offer that person received. The published file does not include the original wording or account names. N, the unrounded count, is shown on every published cell. A cell is published only when N is at least 10. Displayed rates are rounded to the nearest 0.05 percentage point. The figures are unverified and not an offer. The published number is a median. A high or low report is not deleted, and one report is not enough to publish a cell.

The current borrower-reported file is as of 2026-10-26. Variable effective rates in that file assume prime of 4.45%.

## Contact

Email contact@latestmortgagerates.ca.
Editorial policy: https://latestmortgagerates.ca/editorial-policy/
Author: https://latestmortgagerates.ca/author/andrew/