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Today's Best Mortgage Rates
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***** Mortgage Rates Last Changed - February 18th 2026 *****

Today's Prime Lending Rate 4.45% Next Bank of Canada Meeting - March 18, 2026

Variable Rates: *
Home Equity Line of Credit P + .25% (4.70)% today) No Change
3 Year Closed - 25 year amortization Purchases Only P - .80% (3.65)% today) No Change
5 Year Closed - 25 year amortization Purchases Only P - .80% (3.65)% today) No Change
5 Year Closed - 30 year amortization Refinances P - .40% (4.05)% today) No Change

Residential Owner Occupied Fixed Mortgage Rates From: **
1 Year Closed 4.89% No Change
2 Year Closed 4.59% No Change
3 Year Closed 4.34% No Change
4 Year Closed 4.54% No Change
5 Year Closed - Refinances and conventional purchases 4.49% .05% Decrease
5 Year Closed - CMHC/Sagan insured purchases and transfers 3.99% .10% Decrease
7 Year Closed - CMHC insured for purchases and transfers 4.90% .49% Decrease
10 Year Closed - CMHC insured for purchases and transfers 5.25% .09% Decrease
     
Federal Government / Bank of Canada Qualifying Rate or contract rate plus 2% (the higher)    
*Interest rate is compounded monthly, not in advance. Variable rate mortgages offers you a low variable interest rate based on the prime rate over a 5-year fixed term. The prime lending rate represents a variable rate of interest announced by the lender from time to time as its Prime Lending Rate. Rates subject to change without notice.
**The annual percentage rate (APR), compounded semi-annually, not in advance. The APR is for a mortgage of $100,000 with monthly payments and a 25 year amortization. APR assumes no fees apply. You may be required to pay additional fees, such as legals costs and/or appraisal costs, which would increase your APR. Rates subject to change without notice.

Bank of Canada Update – January 2026

The Bank of Canada has decided to hold interest rates steady again.

The overnight rate remains at 2.25%, which in central-bank language means: “We’re comfortable… for now.”

Inflation is hovering near the 2% target, growth is modest, and the economy is doing that very Canadian thing where it politely refuses to boom or bust. The Bank says the current rate is “appropriate,” which roughly translates to: “Let’s see what Ottawa does next.”

With federal spending still running enthusiastically and productivity still taking a coffee break, the Bank is firmly in wait-and-see mode.

What This Means for You

  • Variable rates: No change. Prime stays put.

  • Fixed rates: Still driven more by bond markets than by political speeches.

  • Planning: Stability is nice. Certainty is better. Strategy is best.

If you’d like to review your mortgage and make sure you’re positioned properly — whether rates move, stall, or Ottawa discovers another spending program — I’m happy to help.

 

 

 

 

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