# Canadian Mortgage Rates 2026: Live Big 5 Bank & Broker Rates

> Neutral live indices for Canadian mortgage pricing — 5-year fixed, 3-year fixed, 5-year variable, and Prime. Lender contract rates are national.

Category: Mortgage Rates
Last verified: 2026-08-29
Source: https://ratellow.com/mortgages/rates

## TL;DR
- Live card as of 2026-09-19: 5-year fixed 4.44% · 3-year fixed 4.24% · 5-year variable 3.49% · Prime 4.45%.
- Lender contract rates do not vary by Canadian city. What changes locally is land transfer tax and closing cost.
- Uninsured straight switch at renewal: no prescribed MQR since 21 November 2024. Refinance is always tested.
- Fixed rates track the 5-year Government of Canada bond; variable rates track Prime, which tracks the Bank of Canada policy rate.