The current lowest mortgage rates in Canada:
- The three-year fixed insured mortgage rate is 4.29%
- The five-year fixed insured mortgage rate is 4.34%
- The five-year variable insured mortgage rate is 3.25%
Mortgage interest rates in Canada refer to the rates charged on home loans, set by lenders such as banks and credit unions. These rates can be fixed, staying the same for a set period, or variable, changing in response to market conditions. Mortgage interest rates in Canada are influenced by factors like the Bank of Canada rate, the borrower's credit score, and the term of the loan. Changes in these rates can affect the affordability of home ownership and the broader housing market.
In Canada, there are various types of mortgage rates. Fixed rates remain constant for a set term, usually 5 years, offering stable payments. Variable rates fluctuate with the market, providing potentially lower initial payments but with more risk. There are also hybrid, open, closed, and convertible mortgages, each with its own pros and cons.
The Forecast For Tomorrow, This Week And Month
Here is the predicted 5 year fixed mortgage rate.
Mortgage Rates Forecast By Day.
| Date | Weekday | Min,% | Rate,% | Max,% |
| 10/14 | Wednesday | 4.21 | 4.34 | 4.47 |
| 10/15 | Thursday | 4.21 | 4.34 | 4.47 |
| 10/16 | Friday | 4.21 | 4.34 | 4.47 |
| 10/19 | Monday | 4.21 | 4.34 | 4.47 |
| 10/20 | Tuesday | 4.21 | 4.34 | 4.47 |
| 10/21 | Wednesday | 4.21 | 4.34 | 4.47 |
| 10/22 | Thursday | 4.21 | 4.34 | 4.47 |
| 10/23 | Friday | 4.21 | 4.34 | 4.47 |
| 10/26 | Monday | 4.21 | 4.34 | 4.47 |
| 10/27 | Tuesday | 4.34 | 4.47 | 4.60 |
| 10/28 | Wednesday | 4.24 | 4.37 | 4.50 |
| 10/29 | Thursday | 4.24 | 4.37 | 4.50 |
| 10/30 | Friday | 4.34 | 4.47 | 4.60 |
| 11/02 | Monday | 4.38 | 4.52 | 4.66 |
| 11/03 | Tuesday | 4.38 | 4.52 | 4.66 |
| 11/04 | Wednesday | 4.34 | 4.47 | 4.60 |
| 11/05 | Thursday | 4.34 | 4.47 | 4.60 |
| 11/06 | Friday | 4.34 | 4.47 | 4.60 |
| 11/09 | Monday | 4.46 | 4.60 | 4.74 |
| 11/10 | Tuesday | 4.52 | 4.66 | 4.80 |
| 11/11 | Wednesday | 4.52 | 4.66 | 4.80 |
| 11/12 | Thursday | 4.52 | 4.66 | 4.80 |
| 11/13 | Friday | 4.52 | 4.66 | 4.80 |
| 11/16 | Monday | 4.52 | 4.66 | 4.80 |
Mortgage rate forecast on Wednesday, October, 14: 4.34%, maximum 4.47, minimum 4.21. Canadian mortgage rate predictions on Thursday, October, 15: 4.34%, maximum 4.47, minimum 4.21. Mortgage rate forecast on Friday, October, 16: 4.34%, maximum 4.47, minimum 4.21. Canadian mortgage rate predictions on Monday, October, 19: 4.34%, maximum 4.47, minimum 4.21.
In 1 week Mortgage rate forecast on Tuesday, October, 20: 4.34%, maximum 4.47, minimum 4.21. Canadian mortgage rate predictions on Wednesday, October, 21: 4.34%, maximum 4.47, minimum 4.21. Mortgage rate forecast on Thursday, October, 22: 4.34%, maximum 4.47, minimum 4.21. Canadian mortgage rate predictions on Friday, October, 23: 4.34%, maximum 4.47, minimum 4.21. Mortgage rate forecast on Monday, October, 26: 4.34%, maximum 4.47, minimum 4.21.
Canada interest rate today and forecast 2026, 2027, 2028.
Canada Prime rate today and forecast 2026, 2027, 2028.
In 2 weeks Canadian mortgage rate predictions on Tuesday, October, 27: 4.47%, maximum 4.60, minimum 4.34. Mortgage rate forecast on Wednesday, October, 28: 4.37%, maximum 4.50, minimum 4.24. Canadian mortgage rate predictions on Thursday, October, 29: 4.37%, maximum 4.50, minimum 4.24. Mortgage rate forecast on Friday, October, 30: 4.47%, maximum 4.60, minimum 4.34. Canadian mortgage rate predictions on Monday, November, 2: 4.52%, maximum 4.66, minimum 4.38.
In 3 weeks Mortgage rate forecast on Tuesday, November, 3: 4.52%, maximum 4.66, minimum 4.38. Canadian mortgage rate predictions on Wednesday, November, 4: 4.47%, maximum 4.60, minimum 4.34. Mortgage rate forecast on Thursday, November, 5: 4.47%, maximum 4.60, minimum 4.34. Canadian mortgage rate predictions on Friday, November, 6: 4.47%, maximum 4.60, minimum 4.34. Mortgage rate forecast on Monday, November, 9: 4.60%, maximum 4.74, minimum 4.46.
In 4 weeks Canadian mortgage rate predictions on Tuesday, November, 10: 4.66%, maximum 4.80, minimum 4.52. Mortgage rate forecast on Wednesday, November, 11: 4.66%, maximum 4.80, minimum 4.52. Canadian mortgage rate predictions on Thursday, November, 12: 4.66%, maximum 4.80, minimum 4.52.
Mortgage Rates Forecast For 2026, 2027 And 2028
| Month | Open% | Min%-Max% | Rate,% | Ttl.Ch |
| 2026 | ||||
| Oct | 4.34 | 4.21-4.60 | 4.47 | +0.13 |
| Nov | 4.47 | 4.34-4.80 | 4.60 | +0.26 |
| Dec | 4.60 | 4.60-5.07 | 4.92 | +0.58 |
| 2027 | ||||
| Jan | 4.92 | 4.77-5.07 | 4.92 | +0.58 |
| Feb | 4.92 | 4.77-5.07 | 4.92 | +0.58 |
| Mar | 4.92 | 4.66-4.94 | 4.80 | +0.46 |
| Apr | 4.80 | 4.64-4.92 | 4.78 | +0.44 |
| May | 4.78 | 4.56-4.84 | 4.70 | +0.36 |
| Jun | 4.70 | 4.43-4.71 | 4.57 | +0.23 |
| Jul | 4.57 | 4.37-4.65 | 4.51 | +0.17 |
| Aug | 4.51 | 4.35-4.61 | 4.48 | +0.14 |
| Sep | 4.48 | 4.28-4.54 | 4.41 | +0.07 |
| Oct | 4.41 | 4.11-4.41 | 4.24 | -0.10 |
| Nov | 4.24 | 4.10-4.36 | 4.23 | -0.11 |
| Dec | 4.23 | 4.00-4.24 | 4.12 | -0.22 |
| 2028 | ||||
| Jan | 4.12 | 3.99-4.23 | 4.11 | -0.23 |
| Feb | 4.11 | 3.94-4.18 | 4.06 | -0.28 |
| Mar | 4.06 | 3.90-4.14 | 4.02 | -0.32 |
| Apr | 4.02 | 3.86-4.10 | 3.98 | -0.36 |
| May | 3.98 | 3.61-3.98 | 3.72 | -0.62 |
| Jun | 3.72 | 3.52-3.74 | 3.63 | -0.71 |
| Jul | 3.63 | 3.40-3.63 | 3.50 | -0.84 |
| Aug | 3.50 | 3.40-3.61 | 3.50 | -0.84 |
| Sep | 3.50 | 3.39-3.59 | 3.49 | -0.85 |
| Oct | 3.49 | 3.15-3.49 | 3.25 | -1.09 |
Mortgage rate forecast for October 2026. Starting at 4.34%. Maximum 4.60, minimum 4.21. The rate is 4.41%. 5-year fixed rate at the end of the month 4.47%, the change for October +0.13 points.
Canadian mortgage rate predictions for November 2026. Starting at 4.47%. Maximum 4.80, minimum 4.34. The rate is 4.55%. 5-year fixed rate at the end of the month 4.60%, the change for November +0.13 points.
Mortgage rate forecast for December 2026. Starting at 4.60%. Maximum 5.07, minimum 4.60. The rate is 4.80%. 5-year fixed rate at the end of the month 4.92%, the change for December +0.32 points.
Gold Price CAD Today and Forecast 2026, 2027, 2028.
US dollar to Canada dollar today and forecast 2026, 2027, 2028.
Canadian mortgage rate predictions for January 2027. Starting at 4.92%. Maximum 5.07, minimum 4.77. The rate is 4.92%. 5-year fixed rate at the end of the month 4.92%, the change for January +0.00 points.
Mortgage rate forecast for February 2027. Starting at 4.92%. Maximum 5.07, minimum 4.77. The rate is 4.92%. 5-year fixed rate at the end of the month 4.92%, the change for February +0.00 points.
Canadian mortgage rate predictions for March 2027. Starting at 4.92%. Maximum 4.94, minimum 4.66. The rate is 4.83%. 5-year fixed rate at the end of the month 4.80%, the change for March -0.12 points.
Mortgage rate forecast for April 2027. Starting at 4.80%. Maximum 4.92, minimum 4.64. The rate is 4.79%. 5-year fixed rate at the end of the month 4.78%, the change for April -0.02 points.
Canadian mortgage rate predictions for May 2027. Starting at 4.78%. Maximum 4.84, minimum 4.56. The rate is 4.72%. 5-year fixed rate at the end of the month 4.70%, the change for May -0.08 points.
Mortgage rate forecast for June 2027. Starting at 4.70%. Maximum 4.71, minimum 4.43. The rate is 4.60%. 5-year fixed rate at the end of the month 4.57%, the change for June -0.13 points.
Canadian mortgage rate predictions for July 2027. Starting at 4.57%. Maximum 4.65, minimum 4.37. The rate is 4.53%. 5-year fixed rate at the end of the month 4.51%, the change for July -0.06 points.
Mortgage rate forecast for August 2027. Starting at 4.51%. Maximum 4.61, minimum 4.35. The rate is 4.49%. 5-year fixed rate at the end of the month 4.48%, the change for August -0.03 points.
Canadian mortgage rate predictions for September 2027. Starting at 4.48%. Maximum 4.54, minimum 4.28. The rate is 4.43%. 5-year fixed rate at the end of the month 4.41%, the change for September -0.07 points.
Mortgage rate forecast for October 2027. Starting at 4.41%. Maximum 4.41, minimum 4.11. The rate is 4.29%. 5-year fixed rate at the end of the month 4.24%, the change for October -0.17 points.
Canadian mortgage rate predictions for November 2027. Starting at 4.24%. Maximum 4.36, minimum 4.10. The rate is 4.23%. 5-year fixed rate at the end of the month 4.23%, the change for November -0.01 points.
Mortgage rate forecast for December 2027. Starting at 4.23%. Maximum 4.24, minimum 4.00. The rate is 4.15%. 5-year fixed rate at the end of the month 4.12%, the change for December -0.11 points.
Canadian mortgage rate predictions for January 2028. Starting at 4.12%. Maximum 4.23, minimum 3.99. The rate is 4.11%. 5-year fixed rate at the end of the month 4.11%, the change for January -0.01 points.
Mortgage rate forecast for February 2028. Starting at 4.11%. Maximum 4.18, minimum 3.94. The rate is 4.07%. 5-year fixed rate at the end of the month 4.06%, the change for February -0.05 points.
Canadian mortgage rate predictions for March 2028. Starting at 4.06%. Maximum 4.14, minimum 3.90. The rate is 4.03%. 5-year fixed rate at the end of the month 4.02%, the change for March -0.04 points.
Mortgage rate forecast for April 2028. Starting at 4.02%. Maximum 4.10, minimum 3.86. The rate is 3.99%. 5-year fixed rate at the end of the month 3.98%, the change for April -0.04 points.
Canadian mortgage rate predictions for May 2028. Starting at 3.98%. Maximum 3.98, minimum 3.61. The rate is 3.82%. 5-year fixed rate at the end of the month 3.72%, the change for May -0.26 points.
Mortgage rate forecast for June 2028. Starting at 3.72%. Maximum 3.74, minimum 3.52. The rate is 3.65%. 5-year fixed rate at the end of the month 3.63%, the change for June -0.09 points.
Canadian mortgage rate predictions for July 2028. Starting at 3.63%. Maximum 3.63, minimum 3.40. The rate is 3.54%. 5-year fixed rate at the end of the month 3.50%, the change for July -0.13 points.
Mortgage rate forecast for August 2028. Starting at 3.50%. Maximum 3.61, minimum 3.40. The rate is 3.50%. 5-year fixed rate at the end of the month 3.50%, the change for August +0.00 points.
Canadian mortgage rate predictions for September 2028. Starting at 3.50%. Maximum 3.59, minimum 3.39. The rate is 3.49%. 5-year fixed rate at the end of the month 3.49%, the change for September -0.01 points.
Mortgage rate forecast for October 2028. Starting at 3.49%. Maximum 3.49, minimum 3.15. The rate is 3.35%. 5-year fixed rate at the end of the month 3.25%, the change for October -0.24 points.
The forecast is updated on daily basis.
