Best mortgage rates in Canada.
Today’s best 5-year fixed is 3.94% and variable 3.60%. Compare every term across 100+ Canadian lenders and lock your lowest on one application — no bureau pull to start.
How to read the rate curve by term
The “best” mortgage rate isn’t a single number — it’s a curve across terms. Fixed rates track Government of Canada bond yields for the matching term, so the 5-year fixed follows the 5-year bond, the 3-year follows the 3-year, and so on. Variable rates track the Bank of Canada’s policy rate via your lender’s prime. When markets price in rate cuts, the short end (1-3 year fixed and variable) often drops below the 5-year fixed — when they price in hikes, the 5-year fixed becomes the safer value.
That’s why the term table above matters: it shows today’s lowest network rate for every term side by side, so you can see whether the curve favours locking long or staying short. The 5-year fixed remains Canada’s most popular term for budgeting certainty, but a 3-year fixed is a common hedge when cuts are expected, and a variable wins for borrowers who value the cheaper 3-months-interest exit.
Whichever term you choose, the rate you’re offered is set by your credit, your down payment / loan-to-value, whether the mortgage is insured, and the property type. We compare all of it across 100+ lenders on one application, then hold your best rate for 90-120 days. Run the numbers on our payment calculator and check the rate forecast first.
Compare every way to shop your rate
By term, by lender, by province, or by goal — same 100+ lender network behind each.
Rates by lender
Compare every lender's broker-channel rate side by side.
Rates by province
Province-specific pricing, land transfer, and lender mix.
Lowest rates
The lowest real cost — rate plus penalty risk, not just the headline.
First-time buyer
Insured 5%-down pricing, often the lowest on the board.
Refinance
Borrow up to 80% LTV — we run the penalty break-even first.
Rate forecast
Where rates may head, and how to position fixed vs variable.
6 things to know about the best mortgage rates
How to read the rate curve and actually land the lowest — not just the headline.
The best rate is a curve, not a number
Fixed rates track Government of Canada bond yields by term; variable tracks the Bank of Canada. The table above shows today's network-best for every term so you can read the whole curve at once.
Shorter terms can undercut the 5-year
When markets price in cuts, 1-3 year fixed and variable often sit below the 5-year fixed; when the curve is flat or rising, the 5-year is usually the value pick.
Broker-channel pricing
The wholesale rate brokers access is typically 15-30 bps below a bank's posted rate — only a brokerage can reach it, and we pass it on.
Your file sets the final number
The board shows the lowest for a strong insured file; your credit, down payment, LTV and property type set your personalized rate, which is why we shop the whole panel.
A rate hold protects you
A pre-approval locks today's rate for 90-120 days and many lenders honour a drop — so a rising market can't catch you while you shop.
Best-rate guarantee
We'll beat any comparable Big-6 offer or pay you $500 — and our advice is free, paid by the funding lender on closing.
Why shop your rate with us
- Every term and lender compared on one application across 100+ lenders.
- Broker-channel rates 15-30 bps below posted.
- Fixed vs variable modelled on your numbers and the current spread.
- FSRA #13737 · best-rate guarantee or $500 · no bureau pull to start.