Residential Interest RatesBank of Canada Prime Rate (JuLY 12th, 2023): 7.20%Variable Rate Mortgage: 6.25% (Bank Prime – 0.95%)Fixed-Rate Mortgages (Updated April 6 ’24):1yr: 6.69%2yr: 6.04%3yr: 4.94%4yr: 5.09%5yr: 4.94%7yr: 5.65%