Fixed Mortgage Rates in Canada
Fixed mortgage rates stay the same for the whole term. Lenders price them largely off Government of Canada bond yields of similar terms.
These are official Bank of Canada figures, not offers from any lender.
1-year posted
5.49%
Nov 4, 2026 · Bank of Canada
3-year posted
6.05%
Nov 4, 2026 · Bank of Canada
5-year posted
6.19%
Nov 4, 2026 · Bank of Canada
Average new insured, 5 years+ fixed
4.12%
+0.07 pts since Jul 2026
Aug 2026 · Bank of Canada
Average new uninsured, 5 years+ fixed
4.58%
+0.09 pts since Jul 2026
Aug 2026 · Bank of Canada
5-year Government of Canada bond yield
3.46%
+0.11 pts since Nov 9, 2026
Nov 10, 2026 · Bank of Canada
Fixed rates and bond yields
The 5-year bond yield is 3.46% (Nov 10, 2026). The average new insured 5-year+ fixed rate is 0.66 percentage points above it.
Insured vs. uninsured
Insured mortgages (generally under 20% down) often carry lower rates because default insurance lowers the lender's risk.
Sources
Informational only, not financial advice. Data as of the release snapshot generated 2026-11-12.