What Are Mortgage Rates Right Now in Canada? Latest Numbers & What They Mean
What Are Mortgage Rates Right Now in Canada? Latest Numbers & What They Mean Hey! If you’re here, you probably want to know: What are mortgage rates right now in Canada? Good question. These numbers shift often, so let’s look at where things stand today (mid-Sept 2025) , what’s driving those rates, and what you can do to lock in something that works for you. 🔍 Current Mortgage Rates Snapshot As of mid-September 2025: The average 5-year fixed conventional rate is around 4.70% . The average 5-year variable (or adjustable) conventional rate is very close: about 4.68% . On shorter fixed terms, like 3-year fixes , you’ll see rates around 4.76% . Variable rates tend to vary more depending on the lender and the borrower’s profile, but many quotes are starting in the ~4.0-5.5% range, especially for borrowers with strong credit. These are conventional rates (meaning 20% down payment or more, no default insurance), so if you have less down payment or ...