06/11/2018
Finally, Mortgage Renewals Have Entered A New Era
Globe and Mail ~ November 6th, 2018
As Canadian mortgages come up for renewal, many households are starting to experience what TD Economics has dubbed a “completely new phenomenon” – higher interest rates.
In a recent report, TD looked at the change to the conventional five-year mortgage rate over its term length. Essentially, this shows where rates for a popular product – the five-year, fixed-rate mortgage – stand upon renewal. For much of the past quarter-century, the change has been negative, meaning Canadians could expect lower rates come renewal time.
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CURRENT RATES
CURRENT RATES
15 Apr 2025
| Term | Our Rate | Bank Rate |
| 2 YEAR | 4.19% | 7.35% |
| 3 YEAR | 3.79% | 7.14% |
| 4 YEAR | 4.49% | 6.99% |
| 5 YEAR | 3.89%* | 6.79% |
| 5 YEAR variable | 4.05%* | 5.20% |
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