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Bank of Canada
Canadian maple leaf

Policy Interest Rate

Source: bankofcanada.ca

Current Rate — as of July 15, 2026
2.25%
Target for the overnight rate
Last change:-0.25%on October 29, 2025
Rate History
Date
Target (%)
Change (%)
  • July 15, 20262.25—
  • June 10, 20262.25—
  • April 29, 20262.25—
  • March 18, 20262.25—
  • January 28, 20262.25—
  • December 10, 20252.25—
  • October 29, 20252.25-0.25
  • September 17, 20252.50-0.25
  • July 30, 20252.75—
  • June 4, 20252.75—
  • April 16, 20252.75—
  • March 12, 20252.75-0.25
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$200,000$750,000$2,500,000
%
5% · $37,50020% · $150,00050% · $375,000
%
2.00%4.29%25.00%
yrs
5 years25 years30 years
InsuredInsurableUninsuredLTV 80.0%

20%+ down, under $1M and 25-year amortization — lender-paid insurance pricing.

No default insurance premium is added to this scenario.

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Estimated monthly payment
$3,264
per month
Down payment
$150,000
Total mortgage
$600,000
Total interest
$379,165
Total paid over term
$979,165
Lock in your rate

Estimates only. Actual payments depend on lender, insurance, taxes, and qualification.

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Agent Rate Sheet

Today's Best Rates

Broker-exclusive pricing across 90+ lenders. Effective October 5, 2026 · OAC.

Bank of Canada Policy Rate
Target for the overnight rate
2.25%
as of July 15, 2026
Last change-0.25%
Term
Insured
Insurable
Uninsured
  • 1 YearFixed
    Insured4.34%
    Insurable4.59%
    Uninsured4.19%
  • 2 YearFixed
    Insured3.74%
    Insurable3.99%
    Uninsured3.99%
  • 3 YearFixed
    Insured3.84%
    Insurable4.09%
    Uninsured4.09%
  • 4 YearFixed
    Insured3.99%
    Insurable4.24%
    Uninsured4.24%
  • 5 YearFixed
    Insured4.04%
    Insurable4.29%
    Uninsured4.29%
  • 7 YearFixed
    Insured4.59%
    Insurable5.00%
    Uninsured4.74%
  • 10 YearFixed
    Insured5.04%
    Insurable5.40%
    Uninsured5.19%
  • HELOCFixed
    Insured—
    Insurable—
    Uninsured7.99%
  • 6 MonthFixed
    Insured—
    Insurable—
    Uninsured6.09%
  • 6 YearFixed
    Insured4.59%
    Insurable—
    Uninsured4.74%
  • 3 YearVariable
    Insured4.20%
    Insurable4.20%
    Uninsured4.55%
  • 5 YearVariable
    Insured3.40%
    Insurable3.64%
    Uninsured3.65%
    Best Value
  • HELOCVariable
    Insured—
    Insurable—
    Uninsured4.95%
  • Bridge LoanVariable
    Insured—
    Insurable—
    Uninsured7.95%
  • 5 YearARM
    Insured3.70%
    Insurable3.70%
    Uninsured4.10%
  • 5 YearVariable
    Insured—
    Insurable—
    Uninsured7.65%
  • HELOCVariable
    Insured—
    Insurable—
    Uninsured7.49%
Insured: < 20% down, CMHC/Sagen/CG premium paid.
Insurable: ≥ 20% down, ≤ $1M, ≤ 25 yr amortization.
Uninsured: Refinances, rentals, > $1M, or 30 yr amortization.

Rates are for illustration and subject to change without notice. Final pricing depends on qualification, product features, and lender guidelines. OAC.