Market odds 60% chance the Bank of Canada holds rates on Oct 28 40% Hike 60% Hold 0% Cut via Polymarket
🇨🇦 Built for Canadian homeowners, today and tomorrow

Is this a good mortgage rate?

I already have a mortgage Check your renewal offer in dollars I'm buying a home Estimate payments at today's rates
Live reports (Last ~30 days)
What Canadians say they are actually getting
4.40%
(vs. 6.19% Big 5 posted)
avg reported · 5-year fixed · New mortgage
about $2,739/mo
on a $ mortgage
17 reports · since Sep 2
avg 4.40%
Low 4.09%High 4.72%
4.64%
5-year fixed · RBC
2d ago
4.29%
5-year fixed · Mortgage Broker
3d ago
4.49%
5-year fixed · Prefer not to say
4d ago
Crowdsourced. Self-reported and unverified. Includes public reports. Not mortgage advice.
✦ NEW · ONLY ON FIVE YEAR

Got a renewal letter?
Check it in 30 seconds.

Enter your lender's offer and find out instantly how it benchmarks against today's Big 5 posted rates and rates other Canadians are actually getting.

  • Compares your offer to bank and crowdsourced rates
  • Shows the dollar difference over 5 years
  • Easily find out if your offer is a good one

Renewal offer checker

Try it right here.

Enter your renewal offer above to see the comparison.

Estimates only. The benchmark is the average of verified Big 5 posted rates shown on this page. Posted rates are banks' starting points: most borrowers are offered discounted rates below posted, so also compare your offer against discounted rates you find elsewhere. This is not mortgage advice. Confirm exact terms with your lender.

Public Mortgage rates

Posted rates from Canada's major lenders, updated Sep 26.

Live rates
Lender
Current rate
Change
Updated
Monthly payment

Monthly payments assume a 25-year amortization with semi-annual compounding. Estimates only, computed from the posted rates above. Scotiabank rates effective Sep 28, 2026.

Coming soon

Tell Five Year what you're watching. We'll track Canadian mortgage rates and let you know when something changes.