We understand the importance of your next financial step.
The landscape of Canadian mortgage rates is shifting in your favour. As of September 12, 2025, brokerages are offering special three-year fixed rates as low as 3.69%, with most fixed rates around 3.9%, significantly lower than the standard rates offered by the major Canadian banks. With the Bank of Canada poised to cut rates further this month, this presents a window of opportunity that demands both attention and guidance.
Consider us your peace of mind in navigating these changing tides.
THROUGH EVERY STAGE OF YOUR RATE JOURNEY
01. CURRENT RATE SNAPSHOT
Prime Rate (Big Six Banks): 4.95%
5-Year Fixed Rate (Standard): 6.19%
5-Year Fixed Rate (Special): 4.64%
5-Year Variable Rate (Special): 4.60%
These rates represent a significant cooling compared to earlier this year, with variable mortgage rates holding in the 4%–4.5% range ahead of the Bank of Canada's September 17th meeting, where a potential rate cut could lower them further.
Let's chat about what these numbers mean for your specific situation and how they align with your financial objectives in today's Canadian market.
02. REGIONAL VARIATIONS
Mortgage rates can vary significantly across Canadian provinces, with factors such as local economic conditions, property values, and competitive landscapes influencing available rates:
Ontario & British Columbia: Typically feature the most competitive rates due to higher property values and greater lender competition, particularly in the Greater Toronto and Vancouver areas.
Alberta & Quebec: Often offer attractive rates with special provincial programs that may provide additional incentives for first-time homebuyers.
Atlantic Provinces: Generally feature slightly higher rates but often come with lower property prices, creating different affordability dynamics.
With our in-house Intelligence Team spanning from the Sea to Sky corridor to the end of the Fraser Valley, your advisor is equipped with accurate real-time information on local market economics and trends that ultimately affect your mortgage decisions.
03. MARKET MOMENTUM
The Bank of Canada is poised to cut rates at their September 17th meeting, following Statistics Canada's report that unemployment increased to 7.1% in August. Combined with recessionary conditions in the second quarter of 2025, this signals a potential new chapter in the Canadian mortgage market narrative.
Analysts expect the Bank to cut the overnight rate at least twice more in 2025, which would decrease variable mortgage rates by at least 0.5%. This trend points to a shifting advantage for variable rate mortgages in the coming months.
04. HISTORICAL CONTEXT
Canadian mortgage rates have travelled a remarkable journey over the decades. While current promotional 5-year fixed rates hover around 4.64%, they remain significantly higher than the historic lows of below 2% witnessed during 2020-2021, yet considerably more favorable than the double-digit rates seen in the 1980s and early 1990s.
Our advisors have worked with clients through all market cycles, understanding the importance of little nuances and details that impact your financing strategy within the unique Canadian context.
YOU CAN RELY ON US
The decision to secure a mortgage in Canada's diverse market is layered with complexity - and we're prepared to listen to and guide you each step of the way. Whether you're considering a new purchase in Vancouver's competitive market, refinancing an existing loan in Toronto, or simply exploring your options in Calgary or Montreal, our team offers:
PERSONALIZED RATE MONITORING
We set up customized rate alerts that notify you of meaningful movements in the Canadian mortgage market, helping you stay ahead of the curve without constant worry.
BROKER VS. BANK COMPARISON
Unlike advisors tied to a single financial institution, our team can field offers from multiple lender partners, including major Canadian banks, credit unions, and alternative lenders, helping you secure the most competitive rate for your situation.
COMPREHENSIVE MARKET ANALYSIS
Your advisor is backed by a multi-talented team of industry experts who continuously analyze Bank of Canada policy shifts, regional economic indicators, and national housing trends to provide you with contextual understanding rather than just numbers.
STRATEGIC TIMING GUIDANCE
Rather than attempting to perfectly time Canada's unpredictable market, we help you make decisions based on your personal financial situation and long-term goals within the Canadian economic landscape.
YOUR STEP BY STEP GUIDE TO MORTGAGE SUCCESS
01. UNDERSTANDING
Let's chat over coffee about your financial goals, timeline, and comfort level with different Canadian mortgage structures to establish a solid foundation for your decisions.
02. RATE COMPARISON
We analyze current offers across multiple Canadian lenders, explaining how different rates, terms, and fee structures impact your overall financial picture.
03. PRE-APPROVAL
With a clear direction established, we help secure a strong pre-approval that positions you competitively in today's Canadian real estate market and protects your rate for up to 90 days.
04. PROPERTY MATCHING
Our extensive neighbourhood knowledge spans from the Sea to Sky corridor to the end of the Fraser Valley, helping align your mortgage strategy with your property search throughout Canada.
05. OFFER PREPARATION
Once you find the one, we prepare financing terms that you're comfortable with and that protect your interests through changing rate environments across Canadian markets.
06. LENDER NEGOTIATION
We leverage current market conditions and our relationships with Canadian lenders to advocate for the most favorable terms possible, often securing better rates than posted offerings.
07. CLOSING COORDINATION
We work with lawyers, financial institutions, and sellers until all documents are finalized, ensuring smooth coordination especially critical in rate-sensitive environments.
08. FUTURE PLANNING
The relationship doesn't end at closing - we continue to monitor rate movements for potential refinancing opportunities that align with your long-term goals within the Canadian economy.
MARKET INSIGHTS: WHAT'S DRIVING TODAY'S CANADIAN RATES?
BANK OF CANADA POLICY
The Bank of Canada's overnight lending rate directly influences the prime rate at all major Canadian banks, which currently stands at 4.95% (except TD's mortgage prime rate of 5.1%). With increasingly strong signals for a rate cut on September 17th, this will directly impact variable mortgage rates.
EMPLOYMENT DATA
Recent Statistics Canada data showing unemployment increased to 7.1% in August has heightened expectations for Bank of Canada rate cuts, creating downward pressure on borrowing costs.
BOND YIELDS
Government bond yields, which lenders use to price their fixed mortgage rates, have been on a downward slide since September 3rd and are at their lowest point since the beginning of June 2025, potentially creating room for lenders to improve their fixed rate offers.
HOUSING MARKET CONDITIONS
After several quarters of cooling prices, the Canadian housing market is showing signs of stabilization, creating potentially favorable conditions for buyers with rates trending downward.
EXPLORE YOUR MORTGAGE OPTIONS
This is your journey, and we're here to help. Our advisors have the support systems, experience and training needed to help you achieve (and surpass) your financial goals in today's dynamic Canadian rate environment.
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THE ADVANTAGE OF ACTING NOW
With fixed rates potentially trending downward and the Bank of Canada expected to cut rates at least twice more in 2025, now presents a strategic window to evaluate your mortgage options.
For those considering variable rates, the upcoming Bank of Canada decision on September 17th could mark the beginning of a more favorable borrowing environment, with each 0.25% decrease potentially saving thousands in interest costs over the life of your mortgage.
Let us help you savour the moment - it's yours to capture in Canada's evolving mortgage landscape.
Rate data last updated: September 12, 2025
The information contained herein is obtained from sources believed to be reliable, but its accuracy cannot be guaranteed.