Mortgage rates in Canada

This is a list of closed term fixed rate mortgages currently available in Canada. This mortgage rate table is updated monthly and rates are subject to change without notice, so use rates in this table as informational only and check with bank about updated mortgage rates.

Our simple mortgage calculator will help you to check monthly interest payments with your chosen mortgage rage.

Banks are listed in alphabetic order

Bank NameClosed term fixed rate mortgages(%)
1 year2 years3 years4 years5 years6 years7 years8 years9 years10 years
Alterna Savings3.693.894.594.995.345.846.79
B2B Bank3.493.694.154.895.345.806.60
Bank of Montreal3.793.994.294.895.345.445.806.50
Canadian Western Bank3.593.844.044.445.14
First Nations Bank of Canada4.293.993.993.993.744.244.39
Home Trust3.643.894.455.045.34
Laurentian Bank of Canada3.793.894.344.895.495.805.806.606.606.60
Manulife Bank of Canada3.693.793.893.944.044.544.64
National Bank of Canada3.643.894.304.895.345.545.806.60
Royal Bank of Canada3.393.493.643.743.743.99
Scotia Bank3.793.794.444.595.445.996.59
Tangerine (ex ING Direct Canada)3.493.443.493.543.543.893.99
TD Canada Trust3.593.743.893.945.595.645.806.10

* Interest is compounded semi-annually, not in advance.