The Best Mortgage Rates in Canada
Compare Canada's best mortgage rates in one place
VILAH
CASH BACK MORTGAGE$20,000
SPECIAL OFFER
5-YEAR FIXED RATE
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5-YEAR VARIABLE RATE
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Conditions apply. Rates may vary. Rates as of Feb 09, 2026.
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1 year fixed
NO PAYMENT
5 year fixed
NO PAYMENT
A reverse mortgage is a type of loan that allows individuals over the age of 55 to release equity from the home they live in – tax and payment free. See all reverse mortgage rates
1 year fixed
5 year fixed
B lenders have more relaxed lending criteria, allowing borrowers with low credit, irregular income, or other challenges to qualify for a mortgage.
A private mortgage is a short-term loan from non-bank lenders for borrowers who don't qualify for regular mortgages and have a clear exit strategy. Inquire about Private financing
What are the lowest mortgage rate in Canada today?
- The lowest 1-yr fixed insured mortgage rate is 6.79%
- The lowest 2-yr fixed insured mortgage rate is 6.79%
- The lowest 3-yr fixed insured mortgage rate is 6.79%
- The lowest 3-yr variable insured mortgage rate is 6.79%
- The lowest 4-yr fixed insured mortgage rate is 6.79%
- The lowest 5-yr fixed insured mortgage rate is 6.79%
- The lowest 5-yr variable insured mortgage rate is 6.79%
Mortgage Options in Canada
- Canada conventional mortgage: Conventional or uninsured mortgages require a downpayment of 20% or more. With uninsured mortgages, there is no limit on the purchase price, and you can amortize up to 30 years with prime lending. You will not be required to purchase mortgage default insurance as your downpayment is enough equity to protect the lender if you default.
- Canada high-ratio mortgage: High-ratio or insured mortgages allow you to purchase a home with a downpayment of less than 20% and require mortgage default insurance to reduce the risk to the lender. With high-ratio mortgages, you will be limited to a purchase price of less than $1,500,000 and an amortization of up to 25 year or 30 years for first time home buyers.
- Canada variable-rate mortgage: Variable-rate mortgages have interest rates that change based on the Bank of Canada policy rate, directly impacting your lenders' prime rate.
- Canada reverse mortgage: In Canada, reverse mortgages are gaining popularity among older homeowners looking to increase cash flow in retirement, while remaining in their homes.
- Canada b lender mortgage: B lenders, also known as alternative or subprime lenders, are a source for mortgages for those who may not qualify for traditional mortgages with banks or credit unions. [Full description...]
- Canada private mortgage: A private mortgage is a type of loan provided by an individual or group of investors, not traditional mortgage lenders. These type of mortgages are intended as a last recourse, short-term solution and require careful planning due to higher interest rates.
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