Residential Interest Rates
Bank of Canada Prime Rate (June 7th, 2023) : 6.95%
Stress Test mortgage rate: 5.25% (Dec 17, ’21) OR Lender Rate plus 2% whichever is HIGHER.
Variable Rate Mortgage: 6.05% (Bank Prime – 0.90%)
Fixed-Rate Mortgages:
1yr: 6.34%
2yr: 6.09%
3yr: 5.64%
4yr: 5.49%
5yr: 5.09%
7yr: 5.84%
10yr: 6.00%