Current Mortgage Rates Canada 2025-2025. Compare two interest rates to see how much a rate change affects your mortgage payments. Fixed rates remain stable throughout the entire duration of your mortgage term, while variable rates fluctuate based on the current benchmark rate.

If you are arranging a new mortgage, your fixed interest rate can be guaranteed up to 120 days before the closing date of your home. A range of predictions from the big 6 banks in canada so far indicate.