Variable Mortgage Snapshot: 3-Year ~5.25%, 5-Year ~4.42%

On October 1, 2025, Canadian borrowers faced 3-year variable mortgage averages of 5.25% and 5-year terms near 4.42%. The unusual gap reflects market expectations of further Bank of Canada cuts. We explain why the 5-year is cheaper, what it means for renewals, and the risks ahead.
Fixed Mortgage Rates: Why They Move With Bond Yields

On October 1, 2025, Canada’s 5-year fixed mortgage rate averaged 4.68%, largely reflecting moves in Government of Canada bond yields. With the Bank of Canada’s recent rate cut and weaker economic data pulling yields lower, fixed mortgage pricing could ease further—but spreads and lender timing mean borrowers should watch closely as they plan renewals.
Lowest 5-Year Variable Mortgage Rate in Canada Slips to 3.6%

Canadian homebuyers can now access 5-year variable mortgage rates as low as 3.6% on September 30, 2025, as policy easing filters into lender offers.
Canadian Mortgage Rates Hold Steady; Variable Terms Edge Up

Canadian mortgage rates showed stability on September 30, 2025, with fixed terms flat at 4.73% and 4.68%, while variable products nudged higher amid funding cost pressures.
Fraser Institute Flags Risks in Ottawa’s New “Build Canada Homes” Agency

Ottawa’s new “Build Canada Homes” agency aims to tackle housing affordability, but the Fraser Institute warns it may repeat past mistakes and distort markets. Experts urge reforms in land supply and zoning instead.
Regional Housing Outlook: Toronto Still Lagging Despite Signs of Recovery Elsewhere

Toronto’s housing market is lagging behind other Canadian regions despite lower mortgage rates. Ongoing condo oversupply, affordability challenges, and buyer hesitation continue to weigh on the GTA.
Canadian Mortgage & Housing Market Reacts Cautiously to Rate Cuts

The Bank of Canada’s latest rate cut offers relief to variable-rate borrowers, but fixed-rate mortgages remain sticky and housing activity shows only modest gains.
Outlook for Canadian Mortgage Market: Slow Recovery Amid Trade Tensions and Policy Uncertainty

CIBC and the Bank of Canada warn that Canada’s mortgage market recovery will be gradual, with trade disputes and policy uncertainty weighing on housing demand.
Canadian Housing Market Faces Sluggish Recovery

Canada’s housing sector is struggling to recover, with lower rates offset by economic weakness and trade tensions. Analysts see modest activity but continued price pressure into 2026.
Variable Mortgage Rates Are Easing After BoC Cut

After the Bank of Canada’s rate cut to 2.50%, variable mortgage rates are softening. Brokerages now offer deals as low as 3.55%, while big banks remain slower to follow.
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