Current Interest Rates in Canada for Mortgages

 

Interest Rates as of June 29, 2022

  • 5 Year Fixed Rate Mortgages – insured or insurable are between 4.5%- 5.00%
  • 5 Year Fixed Rate Mortgages -uninsurable are at 5.00% +
  • Variable rate discounts are prime – 1% for insured and prime – 0.4% uninsured.

 

Read more here:

1. Interest Rates Will Not Hit 5% 

2. What will doubling of interest rates do to your payment?

3. The Bank of Canada’s September rate hike will be its last: CIBC