Current Morgage Rates

Current Mortgage Rates as Posted by Sutton Mortgage Company

Canadian fixed mortgage rates are linked to Bank of Canada bond rate for that term. For example, 5 yr. bond rate is 3.57%, and mortgage rates are typically 1.5% above that.

Overall, little changes is expected in rates in the next year, but keep an eye on the Canadian dollar and bond rates to predict fluctuations.

Rates as of 1/20/05

Term: Disc. Rate Bank Rate:
1 year 3.70% 4.7%
2 year 4.0% 5.0%
3 year 4.39% 5.5%
4 year 4.57% 5.8%
5 year 4.75% 6.0%
7 year 5.07% 7%
10 year 5.45% 7.65%
Variable rate 3.5%