Canada Mortgage Interest Rates – Compare the Best Rates Today
Stay updated with the latest mortgage rates in Ontario and across Canada. Compare fixed and variable rate mortgages from the top lenders.
🔥 Weekly Mortgage Rate Updates (Updated Every Monday)
Last Updated: 12/15/2025
- 5-Year Fixed Mortgage Rate: 4.79%
- Best Mortgage Rates Ontario: From 4.64%
- Variable Mortgage Rate: 5.35%
- Current Fixed Mortgage Rates: Ranging from 4.49% to 5.05%
🏡 Best Mortgage Deals in Canada (2025)
Find the best mortgage rates in Canada for your new home, refinancing, or renewal. From 5 year fixed mortgage rates to homeowner line of credit options, we've got you covered.
| Lender | Product | Rate | Type |
|---|---|---|---|
| TD Canada Trust | 5-Year Fixed | 4.79% | Fixed |
| Scotiabank | Variable Rate Mortgage | 5.35% | Variable |
| RBC | Homeowner Line of Credit | 6.20% | HELOC |
| RateShop | Best Mortgage Rate Ontario | 4.64% | Fixed |
❓ Frequently Asked Questions about Canadian Mortgage Rates
What are the current mortgage rates in Canada?
As of June 2025, current fixed mortgage rates in Canada range between 4.49% and 5.05%. Variable rates average around 5.35%.
What is the best mortgage rate in Ontario?
The best mortgage rates Ontario offers currently start at 4.64% for 5-year fixed terms from top-rated lenders.
What is a 5-year fixed mortgage?
A 5-year fixed mortgage locks in your interest rate for five years, offering predictable payments and stability.
How often do Canadian mortgage interest rates change?
Canadian mortgage interest rates are influenced by the Bank of Canada’s overnight rate, market conditions, and lender competition. Rates can change weekly or even daily.
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RateShop Inc. is a Mortgage Brokerage offering lowest mortgage rates to Canadians. We are provincially licensed in the following provinces: Mortgage Brokerage Ontario FSRA #12733, British Columbia BCFSA #MB600776, Alberta RECA #00523056P, Saskatchewan FCAA #00511126, PEI #160622, New Brunswick FCNB #88426, Newfoundland/Labrador.
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