Rate guide · data as of 2026-10-16
The lowest posted mortgage rates in our feed, broken out by term so it's clear what each rate is for — fixed or variable, open or closed. Our mortgage roster is deliberately small today (153 lenders) and grows as new data sources come online; we'd rather show you a short honest list than a long padded one.
Boards show the lowest posted consumer rate per lender for each term. Rates a lender offers only on insured (high-ratio) mortgages rank alongside conventional ones and are labelled Insured. The mortgage feed covers 153 lenders today — the roster grows as sources come online, so an empty board means "not tracked yet", not "doesn't exist".
Rates move with every delivery. Get rate alerts from Ratehunter and you'll be the first to know when a lower mortgage rate lands.
Get rate alertsBank of Canada prime and policy rate, past five years — variable mortgages are priced as a spread on prime
Tracked since Aug 25, 2021 · 63 snapshots
Tracked since Aug 31, 2021 · 63 snapshots
Source: Bank of Canada, month-end values · How this rate shapes yours →
A fixed rate is locked for the term (predictable payments); a variable rate moves with the lender's prime rate (often lower to start, but it can rise). Each row's label tells you which it is — use the rate-type filter above to see one or the other.
A closed mortgage locks you in for the term — breaking it early triggers a penalty — and pays that discipline back with a lower rate. An open mortgage lets you pay it off any time without penalty, at a higher rate. Most Canadians choose closed.
Shorter terms (6-month to 2-year) suit you if you expect rates to fall or plan to move soon; longer terms lock in predictability. The 5-year fixed is the most common in Canada, but a shorter term can win if rates drop before renewal.
Often, yes — and credit unions can be more flexible on qualifying, since many are provincially regulated. They're usually province-bound, though: switch the region above to see which lenders serve your province.
Not necessarily. Posted rates are a starting point; your rate depends on credit, down payment, amortization and whether the mortgage is insured. Always confirm with the lender.