Rate sheet · collected 2026-11-01
Best mortgage rates today
In Ontario the lowest published insured 5-year fixed rate is 4.34% and the lowest insured 5-year variable is 3.45%, against big-bank prime of 4.70%. These are the rates the grader measures you against: the lowest listed for each province, term and insurance class, with the big banks' advertised rates and what borrowers typically pay beside them.
Every term in one province
| Term | Lowest | 3rd lowest | Median | Listings | Big banks |
|---|---|---|---|---|---|
| 1-year fixed | 4.39% | 4.89% | 5.49% | 19 | CIBC 5.09%, RBC 5.14%, National Bank 5.49% |
| 2-year fixed | 4.44% | 4.79% | 5.09% | 21 | CIBC 4.84%, National Bank 5.04%, RBC 5.14% |
| 3-year fixed | 4.29% | 4.34% | 4.84% | 29 | BMO 4.94%, National Bank 5.04%, CIBC 5.09%, RBC 5.09%, TD 5.24% |
| 4-year fixed | 4.34% | 4.69% | 5.04% | 22 | RBC 5.04%, National Bank 5.09%, CIBC 5.24% |
| 5-year fixed | 4.34% | 4.44% | 4.69% | 29 | National Bank 4.69%, CIBC 4.99%, BMO 4.99%, RBC 5.14%, TD 5.39% |
| 7-year fixed | 4.54% | 5.29% | 5.58% | 14 | RBC 5.25%, National Bank 5.34%, CIBC 5.54% |
| 10-year fixed | 4.99% | 5.50% | 6.14% | 11 | CIBC 6.79% |
| 3-year variable | 3.75% | 3.85% | 4.25% | 10 | CIBC 4.40% |
| 5-year variable | 3.45% | 3.55% | 4.20% | 29 | CIBC 4.30%, National Bank 4.35%, BMO 4.35%, RBC 4.40%, TD 4.54% |
"Table" means only WOWA's lowest-rate table had a figure for that cell; "national" figures are used where a province has none. Listings older than 21 days are left out.
By province
Lowest published 5-year fixed rates
| Province | Insured | Insurable | Uninsured | Big banks from |
|---|---|---|---|---|
| Alberta | 4.34% | 4.59% | 4.59% | 4.69% |
| British Columbia | 4.34% | 4.44% | 4.44% | 4.69% |
| Manitoba | 4.29% | 4.35% | 4.35% | 4.69% |
| New Brunswick | 4.44% | 4.44% | 4.44% | 4.69% |
| Newfoundland and Labrador | 4.44% | 4.44% | 4.44% | 4.69% |
| Nova Scotia | 4.44% | 4.44% | 4.44% | 4.69% |
| Northwest Territories | 4.24%national | 4.24%national | 4.35%national | — |
| Nunavut | 4.24%national | 4.24%national | 4.35%national | — |
| Ontario | 4.34% | 4.34% | 4.34% | 4.69% |
| Prince Edward Island | 4.44% | 4.44% | 4.44% | — |
| Quebec | 4.49% | 4.59% | 4.59% | 4.69% |
| Saskatchewan | 4.24% | 4.24% | 4.94% | 4.69% |
| Yukon | 4.24%national | 4.24%national | 4.35%national | — |
By province
Lowest published 5-year variable rates
| Province | Insured | Insurable | Uninsured | Big banks from |
|---|---|---|---|---|
| Alberta | 3.65% | 3.65% | 3.65% | — |
| British Columbia | 3.65% | 3.65% | 3.75% | — |
| Manitoba | 3.65% | 3.65% | 3.75% | — |
| New Brunswick | 3.65% | 3.65% | 3.66% | — |
| Newfoundland and Labrador | 3.65% | 3.65% | 3.66% | — |
| Nova Scotia | 3.65% | 3.65% | 3.66% | — |
| Northwest Territories | 3.45%national | 3.65%national | 3.75%national | — |
| Nunavut | 3.45%national | 3.65%national | 3.75%national | — |
| Ontario | 3.45% | 3.65% | 3.65% | 4.30% |
| Prince Edward Island | 3.65% | 3.65% | 3.66% | — |
| Quebec | 3.66% | 3.66% | 3.66% | — |
| Saskatchewan | 3.70% | 3.95% | 3.95% | — |
| Yukon | 3.45%national | 3.65%national | 3.75%national | — |
HELOCs
Home equity lines of credit
| Lowest | 5.10% |
|---|---|
| Third lowest | 5.20% |
| Median | 5.20% |
| Listings | 7 |
| National Bank | 5.70% |
Prime
Big-bank prime rates
| TD | 4.70% | since 2026-10-28 |
|---|---|---|
| RBC | 4.70% | since 2026-10-28 |
| CIBC | 4.70% | since 2026-10-28 |
| BMO | 4.70% | since 2026-10-28 |
| Scotiabank | 4.70% | since 2026-10-28 |
| National Bank | 4.70% | since 2026-10-28 |
As listed on WOWA.ca. The Bank of Canada's weekly prime series (4.45%) predates the latest policy change. Estimate: the published prime rate (4.45%, October 28, 2026) plus the +0.25 point policy-rate change on October 29, 2026. Check your lender's posted prime.
Spot checks
Lenders' own rate pages, checked the same day
Each lender's own page, read on 2026-11-01, so you can confirm the listings above against the source. A test in the site's code fails if a spot-checked rate is lower than the listing it should be part of.
| Lender | What the page shows | Note |
|---|---|---|
| nestopage dated October 29, 2026 | 3-yr fixed insured 4.54% · 5-yr fixed insured 4.59% · 5-yr variable insured 3.66% · 5-yr fixed uninsured switch 5.00% · 5-yr variable uninsured switch 4.09% | Lowest insured rates nesto publishes on its own page; its uninsured switch rates are listed separately. |
| Butler Mortgage | HELOC 4.95% · 3-yr fixed lowest advertised 4.39% · 5-yr fixed lowest advertised 4.44% · 5-yr variable lowest advertised 3.50% | Ontario brokerage; the page lists its lowest advertised rate for each term without a date. |
| True North Mortgage | 3-yr fixed lowest advertised 4.59% · 5-yr fixed lowest advertised 4.49% · 5-yr variable lowest advertised 3.74% | Lowest "rate today" for each term on its rates page (page shown for Alberta); higher rates apply to some files. |
| Tangerine | 3-yr fixed advertised 4.94% · 5-yr fixed advertised 5.19% · 5-yr variable advertised 4.20% | Rates a bank-owned lender publishes on its own page, with no insurance split. |
| Ratehub.ca | Best high-ratio 5-yr fixed 4.44% · 5-yr variable 3.69% | Comparison site's own statement, dated October 31, 2026. |
We are not affiliated with any lender, brokerage or comparison site named here, and nobody pays to appear.
What borrowers typically pay
Bank of Canada figures used for the 'typical' line
Questions people ask
What is the best mortgage rate in Canada today?
It depends on your term, insurance class and province. The tables on this page show the lowest rate listed for each combination, with the date the listings were updated. Insured 5-year fixed rates are usually the lowest fixed rates.
Where do these rates come from?
The province tables come from the rates lenders and brokerages list on WOWA.ca, collected by a script that keeps the update date of every listing and drops listings older than three weeks. Lenders' own pages are checked separately below, and Ratehub.ca's dated statement is shown as a cross-check.
Why don't you name the lender with the lowest rate?
Several of the lowest listings come from individual brokers or agents, and lowest-rate listings change daily. We show the numbers and name only the six big banks, whose advertised rates are useful as a comparison. Check any rate with the lender before relying on it.
How often is this page updated?
Whenever the refresh script runs; the collection date is shown at the top. Grades on the site warn you when these figures are more than seven days old.
Use these numbers
Grade your rate against the cell that matches you, paste a renewal letter to grade every option at once, or compare two offers including penalties.