Latest Mortgage Rates Canada

Latest Mortgage Rates Canada

Compare current rates from Canada's top lenders including Big 6 Banks and monoline lenders. Updated twice daily.

Real Mortgage Rates Canadians Are Getting

What mortgage rate are people getting, and what is a realistic mortgage rate in Canada? This page compares the median rate self-reported by Canadian borrowers online with the lowest posted rate and the Big-5 posted median.

As of October 3, 2026 · 2026-09-04 to 2026-10-03 · 375 reports · prime 4.45%

Key takeaways

  • Among insured and uninsured products with at least 10 reports, the widest gap versus Big-5 posted rates is 5-year fixed · uninsured: the reported median is 4.30% (N = 19), 0.70 pts below the Big-5 posted median of 5.00%.
  • Counting every insured status, the median 5-year fixed rate people report is 4.25% (N = 62) and the median 5-year variable rate is 3.55% (N = 162). 98% of those 5-year fixed reports are below the Big-5 posted median of 4.90%, and 95% of 5-year variable reports are below 4.05%.
  • The lowest reported median we can publish (N at least 10) is 3.50% on 5-year variable · insured (N = 22).
  • At TD Bank, the widest gap we can publish is 3-year fixed: posted 5.15% versus a reported median of 4.10% (N = 24), 1.05 pts below that bank's own posted rate.

Reported median vs posted

Big-5 posted median, then the lowest posted rate from any lender, then the median self-reported by Canadian borrowers online. Rates are rounded to the nearest 0.05. N is the unrounded count.

Each row runs from the rate borrowers report to the Big-5 posted median. A hollow diamond is the lowest posted rate from any lender in the snapshot.

5-year fixed · uninsured

N = 19

5-year fixed · uninsured5-year fixed · uninsured, N = 19. Reported median 4.30%. Lowest posted 4.30% at RFA Bank. Big-5 posted median 5.00%, reported median is 0.70 pts below it.

Reported 4.30% · lowest posted 4.30% (RFA Bank) · Big-5 5.00% · 0.70 pts below Big-5

5-year fixed · insured

N = 7 · small sample

5-year fixed · insured5-year fixed · insured, N = 7, small sample. Reported median 4.15%. Lowest posted 4.15% at ATB Financial. Big-5 posted median 4.80%, reported median is 0.70 pts below it.

Reported 4.15% · lowest posted 4.15% (ATB Financial) · Big-5 4.80% · 0.70 pts below Big-5

5-year variable · uninsured

N = 38

5-year variable · uninsured5-year variable · uninsured, N = 38. Reported median 3.60%. Lowest posted 3.60% at Equitable Bank. Big-5 posted median 4.10%, reported median is 0.50 pts below it.

Reported 3.60% · lowest posted 3.60% (Equitable Bank) · Big-5 4.10% · 0.50 pts below Big-5

5-year variable · insured

N = 22

5-year variable · insured5-year variable · insured, N = 22. Reported median 3.50%. Lowest posted 3.45% at Meridian Credit Union. Big-5 posted median 3.80%, reported median is 0.30 pts below it.

Reported 3.50% · lowest posted 3.45% (Meridian Credit Union) · Big-5 3.80% · 0.30 pts below Big-5

3-year fixed · uninsured

N = 44

3-year fixed · uninsured3-year fixed · uninsured, N = 44. Reported median 4.10%. Lowest posted 4.35% at ATB Financial. Big-5 posted median 4.80%, reported median is 0.70 pts below it.

Reported 4.10% · lowest posted 4.35% (ATB Financial) · Big-5 4.80% · 0.70 pts below Big-5

3-year fixed · insured

N = 9 · small sample

3-year fixed · insured3-year fixed · insured, N = 9, small sample. Reported median 4.10%. Lowest posted 4.25% at ATB Financial.

Reported 4.10% · lowest posted 4.25% (ATB Financial)

3-year variable · uninsured

N = 8 · small sample

3-year variable · uninsured3-year variable · uninsured, N = 8, small sample. Reported median 3.65%. Lowest posted 4.05% at Canadian Imperial Bank of Commerce. Big-5 posted median 4.05%, reported median is 0.40 pts below it.

Reported 3.65% · lowest posted 4.05% (Canadian Imperial Bank of Commerce) · Big-5 4.05% · 0.40 pts below Big-5

2-year fixed · uninsured

N = 5 · small sample

2-year fixed · uninsured2-year fixed · uninsured, N = 5, small sample. Reported median 4.10%. Lowest posted 4.35% at Tangerine. Big-5 posted median 4.95%, reported median is 0.85 pts below it.

Reported 4.10% · lowest posted 4.35% (Tangerine) · Big-5 4.95% · 0.85 pts below Big-5

Chart includes cells with N at least 5. Rows under N = 10 are labeled small sample and are omitted from the table.

Chart data
ProductNReported medianLowest postedBig-5 posted medianVs Big-5
5-year fixed · uninsured194.30%4.30% (RFA Bank)5.00%0.70 pts below
5-year fixed · insured (small sample)74.15%4.15% (ATB Financial)4.80%0.70 pts below
5-year variable · uninsured383.60%3.60% (Equitable Bank)4.10%0.50 pts below
5-year variable · insured223.50%3.45% (Meridian Credit Union)3.80%0.30 pts below
3-year fixed · uninsured444.10%4.35% (ATB Financial)4.80%0.70 pts below
3-year fixed · insured (small sample)94.10%4.25% (ATB Financial)——
3-year variable · uninsured (small sample)83.65%4.05% (Canadian Imperial Bank of Commerce)4.05%0.40 pts below
2-year fixed · uninsured (small sample)54.10%4.35% (Tangerine)4.95%0.85 pts below
Public cells only: N at least 10. As of October 3, 2026.
ProductNReported median25th percentileLowest postedBig-5 postedVs Big-5
5-year fixed · uninsured194.30%4.05%4.30% (RFA Bank)5.00%0.70 pts below
5-year fixed · insured status not stated344.15%4.00%4.15% (ATB Financial)4.90%0.80 pts below
5-year variable · uninsured383.60%3.45%3.60% (Equitable Bank)4.10%0.50 pts below
5-year variable · insured status not stated983.55%3.45%3.25% (Butler Mortgage)4.05%0.50 pts below
5-year variable · insured223.50%3.40%3.45% (Meridian Credit Union)3.80%0.30 pts below
3-year fixed · uninsured444.10%4.00%4.35% (ATB Financial)4.80%0.70 pts below
3-year fixed · insured status not stated534.05%3.90%4.20% (Butler Mortgage)4.80%0.75 pts below
3-year variable · insured status not stated103.60%3.50%3.50% (Butler Mortgage)4.05%0.45 pts below

Last 7 days

Same rule: a cell is shown only when N is at least 10. Window 2026-09-27 to 2026-10-03.

  • 5-year variable · uninsured

    3.50% · N = 13 · 0.60 pts below Big-5 posted 4.10%

  • 5-year variable · insured status not stated

    3.55% · N = 31 · 0.50 pts below Big-5 posted 4.05%

  • 3-year fixed · insured status not stated

    4.10% · N = 17 · 0.70 pts below Big-5 posted 4.80%

Where reported 5-year rates land

Each bar counts reports from the last 30 days, all insured statuses. Lines mark the reported median and the posted benchmarks.

5-year fixed

N = 62

5-year fixed, N = 62. Reported median 4.25%. 98% of reports are below the Big-5 posted median of 4.90%.

5-year fixed, N = 62. Reported median 4.25%. 98% of reports are below the Big-5 posted median of 4.90%.3.70% to 3.80%: 2 reports3.80% to 3.90%: 2 reports3.90% to 4.00%: 10 reports4.00% to 4.10%: 9 reports4.10% to 4.20%: 5 reports4.20% to 4.30%: 12 reports4.30% to 4.40%: 11 reports4.40% to 4.50%: 4 reports4.50% to 4.60%: 4 reports4.60% to 4.70%: 1 reports4.70% to 4.80%: 1 reports4.80% to 4.90%: 0 reports4.90% to 5.00%: 0 reports5.00% to 5.10%: 0 reports5.10% to 5.20%: 0 reports5.20% to 5.30%: 0 reports5.30% to 5.40%: 0 reports5.40% to 5.50%: 0 reports5.50% to 5.60%: 0 reports5.60% to 5.70%: 0 reports5.70% to 5.80%: 1 reports3.5%4.8%6.0%Reports
  • Reported median 4.25%
  • Lowest posted 4.15% (ATB Financial)
  • Big-5 posted median 4.90%

5-year variable

N = 162

5-year variable, N = 162. Reported median 3.55%. 95% of reports are below the Big-5 posted median of 4.05%.

5-year variable, N = 162. Reported median 3.55%. 95% of reports are below the Big-5 posted median of 4.05%.2.90% to 3.00%: 1 reports3.00% to 3.10%: 0 reports3.10% to 3.20%: 0 reports3.20% to 3.30%: 6 reports3.30% to 3.40%: 16 reports3.40% to 3.50%: 37 reports3.50% to 3.60%: 34 reports3.60% to 3.70%: 43 reports3.70% to 3.80%: 7 reports3.80% to 3.90%: 4 reports3.90% to 4.00%: 6 reports4.00% to 4.10%: 2 reports4.10% to 4.20%: 1 reports4.20% to 4.30%: 0 reports4.30% to 4.40%: 0 reports4.40% to 4.50%: 0 reports4.50% to 4.60%: 0 reports4.60% to 4.70%: 2 reports4.70% to 4.80%: 0 reports4.80% to 4.90%: 0 reports4.90% to 5.00%: 3 reports2.5%3.8%5.0%Reports
  • Reported median 3.55%
  • Lowest posted 3.25% (Butler Mortgage)
  • Big-5 posted median 4.05%

Reported 5-year rates, week by week

Weekly median self-reported by Canadian borrowers online. The dashed lines are a single posted snapshot, not a week-by-week posted history.

Weekly median of 5-year rates self-reported by Canadian borrowers online, weeks with N at least 5. 2026-08-05 to 2026-10-03.
Weekly reported 5-year ratesWeekly median of 5-year rates self-reported by Canadian borrowers online, weeks with N at least 5. 2026-08-05 to 2026-10-03.3.00%3.25%3.50%3.75%4.00%4.25%4.50%4.75%5.00%5.25%Aug 3 5-year fixed median 4.55%, N = 5Aug 3 5-year variable median 3.60%, N = 17Aug 3Aug 10 5-year fixed median 4.00%, N = 5Aug 10 5-year variable median 3.55%, N = 20Aug 10Aug 17 5-year fixed median 4.20%, N = 8Aug 17 5-year variable median 3.55%, N = 11Aug 17Aug 24 5-year fixed median 4.30%, N = 7Aug 24 5-year variable median 3.60%, N = 25Aug 24Aug 31 5-year fixed median 4.25%, N = 7Aug 31 5-year variable median 3.60%, N = 36Aug 31Sep 7 5-year fixed median 4.10%, N = 14Sep 7 5-year variable median 3.55%, N = 23Sep 7Sep 14 5-year fixed median 4.05%, N = 15Sep 14 5-year variable median 3.50%, N = 23Sep 14Sep 21 5-year fixed median 4.30%, N = 13Sep 21 5-year variable median 3.50%, N = 47Sep 21Sep 28 5-year fixed median 4.30%, N = 15Sep 28 5-year variable median 3.55%, N = 45Sep 28
  • 5-year fixed reported median
  • 5-year variable reported median
  • Big-5 5-yr fixed 4.90%
  • Lowest 5-yr fixed 4.15%
  • Big-5 5-yr variable 4.05%
  • Lowest 5-yr variable 3.25%

Dashed lines are today's posted benchmarks for 5-year products across insured statuses (lowest fixed: ATB Financial; lowest variable: Butler Mortgage). Weeks under N = 5 are left off the line.

Week starting5-year fixed medianFixed N5-year variable medianVariable N
Aug 34.55%53.60%17
Aug 104.00%53.55%20
Aug 174.20%83.55%11
Aug 244.30%73.60%25
Aug 314.25%73.60%36
Sep 74.10%143.55%23
Sep 144.05%153.50%23
Sep 214.30%133.50%47
Sep 284.30%153.55%45

How much below posted can you negotiate?

Bank-by-bank gaps and a renewal script.

Check a renewal offer

See the percentile of the rate you were offered.

Methodology

How reports are kept, how medians work, and the N rule.

Real mortgage rate questions

What mortgage rate are people getting in Canada right now?

Over the 2026-09-04 to 2026-10-03 window, the median 5-year variable rate self-reported by Canadian borrowers online is 3.55% (N = 162, all insured statuses). The median 5-year fixed report is 4.25% (N = 62). These are medians of unverified reports, rounded to the nearest 0.05, not offers.

What is a realistic mortgage rate in Canada?

A realistic rate is closer to what borrowers report receiving than to a Big-5 posted median. Among insured and uninsured products with at least 10 reports, the widest gap versus Big-5 posted rates is 5-year fixed · uninsured: the reported median is 4.30% (N = 19), 0.70 pts below the Big-5 posted median of 5.00%. Compare your own number with the renewal offer checker, and read how the medians are built on the methodology page.

How far below a posted rate do people actually negotiate?

At TD Bank, the widest gap we can publish is 3-year fixed: posted 5.15% versus a reported median of 4.10% (N = 24), 1.05 pts below that bank's own posted rate.

Why do some products show no number?

A public cell is shown only when N is at least 10. Charts may include a cell with 5 to 9 reports when the label says the sample is small. Insured status is often unstated, so many reports sit in a separate "insured status not stated" row instead of the insured or uninsured row.

Are these community rates a rate offer?

Self-reported, unverified, and not a mortgage offer. They were self-reported by Canadian borrowers online. They are not a commitment from any lender, and they are not financial advice. Confirm any rate with the lender before you rely on it. Prime used for variable effective rates in this file is 4.45%.

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