Rates

1 YEAR FIXED (CLOSED)

2.19%

3 YEAR FIXED (CLOSED)

1.99 %

5 YEAR FIXED (CLOSED)

2.34%

5 YEAR VARIABLE

1.20%

7 YEAR FIXED (CLOSED)

2.79%

PRIME RATE

*for most but not all lenders

2.45 %*

BENCHMARK RATE

This is the rate lenders use to qualify insured and insurable mortgages. And insured or insurable mortgage is a mortgage that qualifies with CMHC, Genworth and/or Canada Guaranty

5.25%

BOC OVERNIGHT RATE

The overnight rate is the interest rate at which major financial institutions borrow and lend one-day (or “overnight“) funds among themselves; the Bank sets a target level for that rate.

0.25 %