Residential Interest Rates

Bank of Canada Prime Rate (Dec 11th, 2024): 5.45%

Stress Test mortgage rate: 5.25% (Dec 17, ’21) OR Lender Rate plus 2% whichever is HIGHER. NOTE: NO Stress Test on mortgage SWITCHES effective Nov 21, 2024

Variable Rate Mortgage: 4.50% (Bank Prime – 0.95%)

Fixed-Rate Mortgages (Updated Dec 11th ’24):

1yr: 6.04%

2yr: 5.34%

3yr: 4.39%

4yr: 4.49%

5yr: 4.24%

7yr: 5.30%