Updated April 19, 2026
Today's Lowest
Mortgage Rates
We compare 50+ lenders to find you the lowest mortgage rates in Canada. Rates updated daily.
Fixed Rates
Payment stays the same
Term
Rate
APR
1-Year Fixed
5.34%
5.42%
2-Year Fixed
4.99%
5.08%
3-Year Fixed
4.89%
4.98%
5-Year Fixed
4.79%
4.88%
7-Year Fixed
5.09%
5.18%
10-Year Fixed
5.49%
5.58%
Variable Rates
Rate fluctuates with prime
Term
Rate
APR
1-Year Variable
5.29%
5.37%
3-Year Variable
5.34%
5.42%
5-Year Variable
5.29%
5.37%
Rate Disclaimer
Rates shown are indicative rates for qualified borrowers with excellent credit (720+), 20%+ down payment, and owner-occupied properties. Actual rates may vary based on your financial situation, property type, and lender. Contact us for a personalized rate quote. Rates last updated April 19, 2026.
Why Our Rates Are
Lower Than Banks
We compare 50+ lenders — banks only offer their own rate
Lenders compete for your business, driving rates down
We have access to broker-only discounted rates
Average savings of 0.20-0.50% vs. going to your bank
On a $500K mortgage, that's $1,000-$2,500/year saved
Get Your Personalized Rate
Rates depend on your credit score, down payment, and property type. Get a free quote tailored to your situation.
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Rate FAQs
What is the lowest mortgage rate in Canada right now?▼
As of 2026, the lowest fixed mortgage rate in Canada starts at 4.79% for a 5-year term with a qualified lender. Variable rates start at 5.29% (prime - 0.40%). Rates vary based on credit score, down payment, and property type.
Fixed or variable mortgage rate — which is better in 2026?▼
With the Bank of Canada holding rates steady in 2026, variable rates offer slight savings over fixed. However, fixed rates provide payment certainty. We recommend discussing your risk tolerance with a mortgage broker to choose the right option.
How often do mortgage rates change?▼
Mortgage rates can change daily based on bond markets (fixed rates) and the Bank of Canada overnight rate (variable rates). We update our rate sheet daily and can lock in a rate for 90-120 days with pre-approval.
Can I get a lower mortgage rate with a broker vs. a bank?▼
Yes. Mortgage brokers have access to 50+ lenders who compete for your business. Banks only offer their own rates. On average, broker clients save 0.20-0.50% compared to going directly to a bank.
Ready to lock in your rate?
Get a personalized rate quote from our team. We'll find the lowest rate from 50+ lenders for your specific situation.