Current Mortgage Rates
Live Bank of Canada data and broker market context, organized so you can compare with confidence.
2.25%
BoC Overnight Rate
4.45%
Prime Rate
4.4%
5 Year Fixed Best
Market Intelligence
Bank of Canada Rate Centre
Live rate data from the Bank of Canada, paired with broker insight so you can compare options with more confidence.
Bank of Canada Overnight Rate
LiveThe policy rate influences variable mortgages and lines of credit. It is a useful signal, but lender pricing still depends on the full file.
Prime Rate
4.45%
Last Decision
April 16, 2026
Next Decision
June 4, 2026
Inflation CPI
2.4%
5 Year Variable
Tracks prime with potential payment savings
3.55%
Down 0.25%3.35%Insured CMHC
For purchases with less than 20 percent down
4.15%
Down 0.20%3.95%3 Year Fixed
Flexible term with fixed payment certainty
4.2%
Down 0.10%4.00%5 Year Fixed
Popular choice for payment stability
4.4%
Down 0.15%4.20%1 Year Fixed
Short commitment with renewal flexibility
5%
No change4.80%HELOC
Home equity line of credit
5.95%
Down 0.25%5.70%Understanding mortgage rates
Overnight Rate and Prime Rate
The Bank of Canada sets the overnight rate. Prime rate is set by major banks and is currently about 2.20% above the overnight rate. Variable mortgages and HELOCs are priced from prime plus or minus a lender spread.
What Drives Fixed Mortgage Rates
Fixed mortgage rates in Canada are driven primarily by Government of Canada 5 year bond yields. When bond yields rise, fixed mortgage rates usually follow. This is why fixed and variable rates can move differently.
Omar's Best and Posted Rate
Posted rates are broad market reference points. Through broker network access, I can compare options from 50+ lenders and look for the strongest match for your profile. Final pricing is always subject to qualification.
Fixed and Variable Strategy
The right choice depends on timeline, cash flow stability, risk comfort, and the full file. I model both options so the decision is grounded in your numbers, not guesswork.
Want a personalised rate for your situation?
Posted rates are starting points. Your actual rate depends on your full profile. Let us find out exactly where you stand.
Get My Rate FreeReady to find your best rate?
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