The Best Mortgage Rates in Canada

As of early 2026, Canada's lowest fixed mortgage rates are around 3.7%, and variable rates about 3.4%, with Big Six banks generally offering higher rates. Variable rates are expected to remain stable due to the Bank of Canada's steady overnight rate, while fixed rates may rise slightly due to higher government bond yields. Borrowers can secure better rates by improving credit scores, reducing debt, increasing down payments, comparing offers, and negotiating.