06/11/2026
Best Rates At A Glance from Castle Mortgage:
Prime Rate of the Bank of Canada has been held and remains at 4.45%
The Bank of Canada has announced they will stay the course with the benchmark interest rate - Prime has been held at 4.45%
Long-Term Fixed (5-10 year rates): Holding steady 3.99%
Short-Term Fixed (1-3 year rates): 4.69% - 4.19% (respectively)
Short term rates have also leveled off.
If you are up for a renewal today, or are purchasing and can qualify, variable might still be the right move compared to a short term fixed rate, but we should talk about that.
*Not every client (or property) will qualify for the "best rate" - the rates you qualify for may vary. Rates are subject to change without notice