Canada interest rates today
The rates that set Canadian mortgage pricing, pulled daily from the Bank of Canada. Each value shows its own date.
| Rate | Value | As of | Why it matters |
|---|---|---|---|
| Bank of Canada policy rate | 2.25 % | 2026-10-14 | Drives variable-rate mortgages and lines of credit (prime moves with it). |
| Government of Canada 5-year bond | 3.55 % | 2026-10-14 | Fixed 5-year mortgage rates track this yield plus a lender spread. |
| Government of Canada 10-year bond | 3.85 % | 2026-10-14 | Reference for 10-year CMHC-insured multi-unit loans (yield plus a spread). |
| 5-year conventional mortgage (posted) | 6.19 % | 2026-10-14 | Posted rate of the chartered banks; negotiated rates are usually lower. Used in stress tests. |
Source: Bank of Canada Valet API (terms). Retrieved 2026-10-15 22:31 UTC.
Use these rates in the Canadian mortgage calculator or the rental property analyzer.