Canada mortgage rates (posted conventional rates)
Typical posted rates of Canada’s chartered banks for conventional mortgages, from Bank of Canada statistics.
5-year conventional
6.19%
Data for: October 14, 2026
Previous: 6.19% (October 7, 2026)
3-year conventional
6.05%
Data for: October 14, 2026
Previous: 6.05% (October 7, 2026)
1-year conventional
5.49%
Data for: October 14, 2026
Previous: 5.49% (October 7, 2026)
What it is
Posted rates are the advertised rates for fixed-rate conventional mortgages (20% down or more). Most borrowers negotiate a discount, so actual contract rates are usually lower.
Why it matters
The posted 5-year rate matters beyond the offer itself: it has been used in the mortgage stress test and in prepayment penalty calculations.
Recent history
| Date | 5-year conventional | 3-year conventional | 1-year conventional |
|---|---|---|---|
| October 14, 2026 | 6.19% | 6.05% | 5.49% |
| October 7, 2026 | 6.19% | 6.05% | 5.49% |
| September 30, 2026 | 6.09% | 6.05% | 5.49% |
| September 23, 2026 | 6.09% | 6.05% | 5.49% |
| September 16, 2026 | 6.09% | 6.05% | 5.49% |
| September 9, 2026 | 6.09% | 6.05% | 5.49% |
| September 2, 2026 | 6.09% | 6.05% | 5.49% |
| August 26, 2026 | 6.09% | 6.05% | 5.49% |
| August 19, 2026 | 6.09% | 6.05% | 5.49% |
| August 12, 2026 | 6.09% | 6.05% | 5.49% |
| August 5, 2026 | 6.09% | 6.05% | 5.49% |
| July 29, 2026 | 6.09% | 6.05% | 5.49% |
| July 22, 2026 | 6.09% | 6.05% | 5.49% |
| July 15, 2026 | 6.09% | 6.05% | 5.49% |
| July 8, 2026 | 6.09% | 6.05% | 5.49% |
| July 1, 2026 | 6.09% | 6.05% | 5.49% |
| June 24, 2026 | 6.09% | 6.05% | 5.49% |
| June 17, 2026 | 6.09% | 6.05% | 5.49% |
| June 10, 2026 | 6.09% | 6.05% | 5.49% |
| June 3, 2026 | 6.09% | 6.05% | 5.49% |
| May 27, 2026 | 6.09% | 6.05% | 5.49% |
| May 20, 2026 | 6.09% | 6.05% | 5.49% |
| May 13, 2026 | 6.09% | 6.05% | 5.49% |
| May 6, 2026 | 6.09% | 6.05% | 5.49% |
| April 29, 2026 | 6.09% | 6.05% | 5.49% |
| April 22, 2026 | 6.09% | 6.05% | 5.49% |
How to read
Latest: 6.19%
Where it comes from
Bank of Canada, Conventional mortgage rates (V80691335, V80691334, V80691333) (Valet API)
Careful
Information, not advice
What to do
Compare with the related indicators
Reading the canada mortgage rates (posted conventional rates) figure
What the latest canada mortgage rates (posted conventional rates) reading says
The most recent value on this page is 6.19%, for October 14, 2026. Against the previous reading of 6.19%, that is 0.00% — effectively flat. Weekly is how often Bank of Canada, Conventional mortgage rates (V80691335, V80691334, V80691333) (Valet API) publishes it, so a single reading is a snapshot and not a trend. The 26 observations in the table above, from April 22, 2026 onwards, are what gives the figure context.
Where the canada mortgage rates (posted conventional rates) figure sits in its own history
Across the 26 readings loaded here, the series moved between 6.09% and 6.19%. The latest value is the highest of that window, which is the kind of reading worth checking against a longer history before calling it a record. A window this short cannot show a cycle. It shows the direction of travel and the size of the usual swing, which is enough to tell a normal move from an unusual one, and no more than that.
Who sets the canada mortgage rates (posted conventional rates) and who it affects in Canada
Bank of Canada, Conventional mortgage rates (V80691335, V80691334, V80691333) (Valet API) publishes the canada mortgage rates (posted conventional rates) series, and the page links the exact dataset and its licence below. Nothing here is a second-hand copy: the figure above is read from that source and shown with the date the source gave it. People reach this page searching for "canada mortgage rates today", and the honest answer is the published figure plus its date. A national figure is an average: your own rate, bill or salary in Canada will sit above or below it.
Glossary
Policy rate
The interest rate a central bank sets to steer the economy, and the floor under most other rates in that currency. It moves only when the rate-setting committee decides, so its history is a series of steps rather than a continuous line.
National average
A figure averaged over a whole country, and therefore not a quote for you. Your own mortgage rate, salary or grocery bill depends on your region, your lender or your shop and will sit above or below the average.
Basis point
One hundredth of a percentage point. Central banks and markets talk in basis points because "a 0.25 point cut" and "a 25 basis point cut" are the same thing, and the second wording leaves no room for doubt.
Real rate
An interest rate after inflation is taken out, roughly the quoted rate minus the inflation rate. A savings account paying less than inflation has a negative real rate, which means the money loses purchasing power.
Revision
A later correction of a published figure, as the statistics office receives more complete data. Values marked provisional or estimated are the ones most likely to change, which is why the page keeps the source flag.
Year-on-year inflation
The change in a price index against the same month a year earlier. It can fall while prices are still rising, because it measures the speed of the increase, not the level of prices.
Yield
The annual return an investor earns by lending money through a bond, expressed as a percentage of its price. Price and yield move in opposite directions: when a bond gets cheaper, its yield rises.
Source: Bank of Canada, Conventional mortgage rates (V80691335, V80691334, V80691333) (Valet API)
Licence: Bank of Canada terms of use: free use with attribution
Update frequency: Weekly
Information only, not financial advice. Figures come from the official source shown and may be revised.