Updated Daily
Today's Best Mortgage Rates in Canada
We compare rates from over 50 lenders — big banks, credit unions, and monoline lenders — so you can find the best deal without the legwork.
Current Canadian Mortgage Rates
| Rate Type | Best Rate |
|---|---|
| 5-Year Fixed | 4.89% |
| 5-Year Variable | 5.45% |
| 3-Year Fixed | 4.74% |
| 2-Year Fixed | 5.10% |
| HELOC | 6.20% |
*Based on $500,000 home, 20% down, 25-yr amortization. Last updated: May 25, 2026. Rates updated daily.
Bank vs. Broker Rate Comparison
See how Big 6 bank posted rates compare to what a licensed broker can actually get you.
| Lender | Type | 5-Yr Fixed | 3-Yr Fixed | 5-Yr Variable | Action |
|---|---|---|---|---|---|
National Bank | Bank | 4.43% | 4.44% | 4.49% | Get Quote → |
CIBC | Bank | 4.51% | 4.51% | 4.12% | Get Quote → |
RBC Royal Bank | Bank | 4.62% | 4.43% | 3.98% | Get Quote → |
BMO | Bank | 4.76% | 4.67% | 4.12% | Get Quote → |
TD Bank | Bank | 4.96% | 4.72% | 4.31% | Get Quote → |
Scotiabank | Bank | 6.09% | 6.05% | 4.90% | Get Quote → |
TOPTop Broker 🏆 | Broker | 4.89% | 4.74% | 5.45% | Get My Rate → |
Bank rates shown are posted rates sourced from Bank of Canada. Actual rates may vary. Broker rates reflect best available insured rates from 50+ lenders. Last updated: May 25, 2026.
Types of Mortgage Rates
Fixed Rate Mortgages
Your interest rate is locked in for the entire term. Payments never change — ideal if you want certainty and budget predictability.
Variable Rate Mortgages
Your rate moves with the lender's prime rate. Can save money when rates fall, but carries more risk if rates rise.
HELOC
A Home Equity Line of Credit lets you borrow against your home equity at a variable rate. Flexible access to funds as needed.
Get Your Personalized Rate
Free quotes from licensed brokers. No credit check.