Policy2.25%Prime4.45%5Y posted6.09%
BOC · Official series

LIVE OFFICIAL SERIES

Canadian interest rates.

Official Bank of Canada rates paired with payment scenarios from the v105 product.
AS OF Official series
Policy rate2.25%Bank of Canada target
Prime rate4.45%Typical bank prime
5-year posted6.09%Conventional mortgage
Stress-test rate8.09%Greater of contract +2% or floor

PAYMENT SCENARIOS

25-year amortization · 20% down

$400,000 home$2,079/moStress test: $2,489/mo
$600,000 home$3,119/moStress test: $3,733/mo
$800,000 home$4,159/moStress test: $4,978/mo
$1,000,000 home$5,199/moStress test: $6,222/mo