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Today’s Mortgage Rates in Canada

Special Mortgage Rates

 

3 Year Fixed

Amortization 25 years or lower

Interest

APR

7

5 Year Smart Fixed

Default insured mortgage

Interest

APR

9

5 Year Smart Fixed 

Amortization 25 years or lower

Interest

APR

6

5 Year Variable

Amortization 25 years or lower

Interest

APR

8

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BMO Prime Mortgage Rate is

Today's posted rates

  • Special Rates
     

    Amortization under 25 years

    Amortization over 25 years

    Term1

    Rate1

    APR1

    Rate1

    APR1

    3 year fixed (closed)
    5 year Smart Fixed (closed)  
    5 year Smart Fixed (default insured)  
    5 year Variable (closed)  

     

  • A fixed rate closed mortgage allows you to budget with certainty, because your interest rate is locked in. Even if interest rates were to rise, your interest rate and your fixed monthly payments would stay the same.

    Fixed Rate Closed Mortgage
     

    Amortization under 25 years

    Amortization over 25 years

    Term

    Rate1

    APR†

    Rate1

    APR†

    1 year
    2 year
    3 year
    4 year
    5 year
    5 year Smart Fixed  
    6 year
    7 year
    10 year
    10 year Smart Fixed  

  • With a variable rate mortgage you can save on costs. While your payments remain the same, the amount applied to your principal can fluctuate with BMO’s prime lending rate.

    Variable Rate Mortgage
     

    Amortization under 25 years

    Amortization over 25 years

    Term

    Rate1

    APR1

    Rate1

    APR1

    3 year (open)
    5 year (closed)

     

  • A convertible fixed rate mortgage offers the same benefits of a closed mortgage with the flexibility of changing to a longer fixed rate term of 1 year or longer without a prepayment charge.

    Convertible Fixed Rate Mortgage
     

    Amortization under 25 years

    Amortization over 25 years

    Term 

    Rate1

    APR1

    Rate1

    APR1

    6 month

     

  • Choose this mortgage if you plan to make prepayments of more than 20% of your original mortgage principal, or if you plan to sell your home in the near future.

    Open Fixed Rate Mortgage
     

    Amortization under 25 years

    Amortization over 25 years

    Term

    Rate1

    APR1

    Rate1

    APR1

    6 month
    1 year

     

  • Bring out the calculator

    Find some help estimating your mortgage payment. How much you can afford and more.

    Start calculating

  • What does it all mean?

    Feel more confident in your choices once you look up the mortgage lingo.

    UNDERSTANDING MORTGAGE SECURITY

    See glossary

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