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Policy rate 2.50% since Oct 29, 2026Prime 4.70% lenders' pages Nov 2, 20265-yr GoC bond 3.58% Oct 29, 20265-yr posted (big banks) 6.19% wk of Oct 28, 2026Next BoC decision Dec 9, 2026 38 days tracker
MortgageRateToday.caCanadian rates · sourced · datedAsk Mitey
Methodology

How we collect, date and source every rate

Short answer

Every lender rate on this site was read off the lender's own website and stored with the page URL, a verbatim quote and the date we read it. Bank of Canada figures come from its Valet API with their own observation dates. We never estimate, interpolate or accept payment for a rate, and never call one live.

Content checked How we collect and date rates

Lender rates

  • Source: the lender's own rates page only, never a comparison site. 294 rows from 18 lenders, collected Nov 2, 2026.
  • As displayed: the rate is stored exactly as shown, with a quote that contains it; our build fails if the quote doesn't match the number.
  • Posted vs special: labelled as the page labels them. Rates a page doesn't label are shown as the lender's advertised rate.
  • Variable rates shown only as "prime − x" are computed with that lender's own stated prime and marked with an asterisk.
  • Insured status follows the page: insured, insurable, uninsured, or "not split".
  • Gaps stay gaps. If we couldn't read a page directly, the lender is listed under "not collected" with the reason.
  • Refresh: Re-read every lender's rates page weekly (Mondays) and the day after each Bank of Canada decision; method in mitey-site-kit scripts/lender-rates-README.md.

Bank of Canada data

Policy rate, prime, posted rates, bond yields and effective rates on new lending come from the Bank of Canada's Valet API (Bank of Canada Valet API, fetched Nov 1, 2026). Monthly lending rates are published about six weeks after the month.

Calculations

  • Payments: Canadian semi-annual compounding for fixed rates, monthly for variable.
  • Penalties: greater of three months' interest and IRD (simple form) under the posted-rate or published-rate method.
  • Fixed vs variable: variable follows prime through moves on the Bank's announcement dates; break-even found by bisection.

Changelog

  • Nov 1, 2026: Site rebuilt. Rates collected from lenders' own pages (see counts below); Bank of Canada series refreshed; October 28, 2026 rate hike added to the tracker.
How the board picks its 5-year insured fixed cell
How the board picks its 5-year insured fixed cell: inputs, steps and result
Candidate rows28closed, special or advertised, insured or not split
Lowest4.34%ATB Financial
Next lowest4.34%ATB Financial
Quote stored“Our featured offers | 5 Year High Ratio | 4.44% | 4.34%”
Board shows4.34% · ATB Financial · Nov 1, 2026

See it on the board →

Mitey the yeti reading a small book
Mitey's rule for every rate: the lender's own page, the exact number, a quote and a date, or nothing at all.Spotted a wrong rate? Email hello@mitey.ca with the lender page and date.

Rules and data sources

  1. Bank of Canada — Policy interest rate. Checked .
  2. Bank of Canada — Press release: policy rate raised to 2.5% (October 28, 2026) (effective October 28, 2026). Checked .
  3. Bank of Canada — 2026 schedule for policy interest rate announcements. Checked .
  4. Bank of Canada — 2027 schedule for policy interest rate announcements (effective July 27, 2026). Checked .
  5. Bank of Canada — Posted interest rates offered by chartered banks. Checked .
  6. Bank of Canada — Banking and financial statistics: effective interest rates on new lending. Checked .
  7. Bank of Canada — Canadian bond yields. Checked .
  8. OSFI — Minimum qualifying rate for uninsured mortgages (effective January 29, 2026). Checked .
  9. OSFI — OSFI exempts uninsured mortgage straight switches from the prescribed MQR (effective November 21, 2024). Checked .
  10. Department of Finance Canada — Statement on the Canadian housing market (insured qualifying rate) (effective December 12, 2023). Checked .
  11. Department of Finance Canada — Mortgage reforms in force: $1.5M insured cap, 30-year amortizations (effective December 15, 2024). Checked .
  12. CMHC — Mortgage loan insurance premiums. Checked .
  13. CMHC — Calculating GDS / TDS. Checked .
  14. Financial Consumer Agency of Canada — Reduce prepayment penalties. Checked .
  15. Financial Consumer Agency of Canada — Breaking your mortgage contract. Checked .
  16. Financial Consumer Agency of Canada — Renewing your mortgage. Checked .
  17. Financial Consumer Agency of Canada — Mortgage terms and amortization. Checked .
  18. Financial Consumer Agency of Canada — When interest rates rise. Checked .
  19. Justice Laws — Interest Act (R.S.C. 1985, c. I-15), ss. 6 and 10. Checked .
  20. Bank of Canada — Bank of Canada target for the overnight rate (policy rate) (series V39079) (effective October 29, 2026). Checked .
  21. Bank of Canada — Prime rate (chartered banks, typical): derived from the Oct 29 policy decision (policy 2.50% + 2.20); Bank of Canada weekly series pending (last observation 4.45% on 2026-10-28, series V80691311) (effective October 29, 2026). Checked .
  22. Bank of Canada — Posted conventional mortgage rate, 5-year (series V80691335) (effective October 28, 2026). Checked .
  23. Bank of Canada — Effective rate on new insured fixed mortgages, 5 years and over (series V122667780) (effective August 1, 2026). Checked .
  24. Bank of Canada — Effective rate on new uninsured fixed mortgages, 5 years and over (series V122667786) (effective August 1, 2026). Checked .
  25. Bank of Canada — Government of Canada benchmark bond yield, 5-year (series BD.CDN.5YR.DQ.YLD) (effective October 29, 2026). Checked .