Canadian mortgage rates today.

Choose a rate, then calculate what it means for your mortgage payment.

Rates as of November 6, 2026

Sample rates depend on eligibility, including property price and amortization. All rates and information are subject to O.A.C. (on approved credit).

Next Bank of Canada rate announcementDecember 9, 2026 · 9:45 a.m. ET

Bank of Canada schedule ↗

Mortgage payment calculator

4.59% · 5-year fixed · In your calculator

Sample purchase rates · 20% or more down

Start with the amount you need to borrow or the balance you have left.

Mortgage amount$Include any mortgage insurance already added to your loan.Term and interest rateChoose your own term and rate if your mortgage offer differs.Amortization periodThe total time to repay your mortgage, including future terms.Payment frequencyHow often you make a mortgage payment.

Principal and interest estimate. Taxes and other costs are extra. No account needed for your payment estimate.

Calculators.

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Featured calculators

PaymentPrice, down payment, and the amount you pay each period.

Simple affordabilityIncome and a down payment. The quick price, before the stress test.

What you qualify forIncome, debts, and the stress test.

Insured or 20% downThe lower insured rate and the insurance premium, against putting 20% down.

Closing costsRegional taxes, registration, and the other cheques on closing day.

Rate comparisonYour rate against today’s 5-year fixed, 5-year variable, and 3-year fixed.

Fixed or variableWhat you save if the rate stays. What it costs if it doesn’t.

Variable lock-inYour lender’s fixed offer against staying variable if the rate rises.

RenewalThe payment when this term ends.

RefinanceThe new payment, the cash out, and the penalty in the way.

Prepayment penaltyThree months of interest, or the rate differential.

Extra paymentsHow much sooner a little extra finishes the mortgage.

Second or HELOCPull cash out without giving up the first mortgage. Or refinance the whole thing.

Smith ManoeuvreTurn mortgage principal into a deductible investment loan. An estimate.

Bridge loanThe interest for the days between buying and the sale closing.

Reverse mortgageEquity for a homeowner 55 or older. No monthly payment. The balance grows.

Rent or buyThe wealth you have left after renting, against buying and later selling.

Second propertyA rental or a cottage on top of the home you already pay for.

Spousal buyoutThe mortgage to keep the home and pay out the other share.

Blend and extendA blended rate to stretch the term, with or without new money.

First home savingsFHSA and the Home Buyers’ Plan, and the cash you still need.

PaymentPrice, down payment, and the amount you pay each period.

Simple affordabilityIncome and a down payment. The quick price, before the stress test.

What you qualify forIncome, debts, and the stress test.

Insured or 20% downThe lower insured rate and the insurance premium, against putting 20% down.

Closing costsRegional taxes, registration, and the other cheques on closing day.

Rate comparisonYour rate against today’s 5-year fixed, 5-year variable, and 3-year fixed.

Fixed or variableWhat you save if the rate stays. What it costs if it doesn’t.

Variable lock-inYour lender’s fixed offer against staying variable if the rate rises.

RenewalThe payment when this term ends.

RefinanceThe new payment, the cash out, and the penalty in the way.

Prepayment penaltyThree months of interest, or the rate differential.

Extra paymentsHow much sooner a little extra finishes the mortgage.

Second or HELOCPull cash out without giving up the first mortgage. Or refinance the whole thing.

Smith ManoeuvreTurn mortgage principal into a deductible investment loan. An estimate.

Bridge loanThe interest for the days between buying and the sale closing.

Reverse mortgageEquity for a homeowner 55 or older. No monthly payment. The balance grows.

Rent or buyThe wealth you have left after renting, against buying and later selling.

Second propertyA rental or a cottage on top of the home you already pay for.

Spousal buyoutThe mortgage to keep the home and pay out the other share.

Blend and extendA blended rate to stretch the term, with or without new money.

First home savingsFHSA and the Home Buyers’ Plan, and the cash you still need.

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