Recent News & Notes
Oct. 24, 2024
BoC delivers half percentage point rate cut, says it now must keep inflation at 2%
Sep. 06, 2024
Bank of Canada cuts key interest rate again, signals more cuts ahead
Jul. 25, 2024
Bank of Canada cuts key interest rate by quarter percentage point to 4.5%
Jun. 12, 2024
Bank of Canada cuts key interest rate for 1st time in more than 4 years
Apr. 11, 2024
Interest rate cut in June possible as policy rate held at 5%: Bank of Canada
Current Mortgage Rates
| Term | Rate |
| Prime Rate (P) | 6.70% |
| Closed Variable | P – 0.90% |
| Open Variable | P + 3.30% |
| 6 Month Closed | 6.44% |
| 1 Year Closed | 6.04% |
| 2 Year Closed | 5.69% |
| 3 Year Closed | 5.29% |
| 4 Year Closed | 4.64% |
| 5 Year Closed | 4.34% |
| 7 Year Closed | 5.74% |
| 10 Year Closed | 5.94% |
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As of April 21, 2023. Rates subject to change without notice, OAC, E&OE |
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