Today’s Mortgage Rates updated as of January 17, 2025 8:05 pm
5-year fixed*
5-year Variable*
*Insured loans. Other conditions apply. Rate in effect as of today.
Purchasing a new home is one of life’s most exciting milestones, and at Citadel Mortgages, we’re here to simplify the process. Whether you’re a first-time homebuyer, upgrading to your dream home, or investing in real estate, we offer tailored mortgage solutions with the most competitive rates in Canada.
Whether you’re a first-time homebuyer, refinancing, or renewing your mortgage, understanding current trends and available options helps you make informed financial decisions.
This guide focuses on helping you navigate the Canadian mortgage market, offering insights into current rates, strategies for securing the best deal, and regional trends.
Mortgage brokers play a pivotal role in helping Canadians find tailored financing options, providing expert advice, and navigating the often complex mortgage market.
For more detailed information on mortgage types, costs, and rights, consult the Government of Canada – Financial Consumer Agency of Canada (FCAC).
The minimum down payment in Canada depends on the home’s purchase price:
First-Time Homebuyers: You may qualify for programs that reduce upfront costs, like the First-Time Homebuyer Incentive or RRSP Home Buyers’ Plan.
Learn more about Fixed vs. Variable Rates.
When buying a new home, be prepared for additional expenses:
Learn more about today’s best mortgage rates in Canada.
Use our Mortgage Payment Calculator to estimate your monthly payments based on the purchase price, down payment, and interest rate.
While 33% of non-homeowners believe they’ll never own*, our Citadel mortgage brokers are 100% confident they can make it happen. How? With our expert advice and guidance.
(5-years interest savings with Citadel Mortgages)**
(Interest savings with Citadel Mortgages)
(5-years interest savings with Citadel Mortgages)**
(Interest savings with Citadel Mortgages)
Access to Canada’s Best Rates
Compare rates from leading lenders, including RBC, BMO, TD, and more.
Expert Advice
Our experienced mortgage specialists guide you every step of the way, ensuring you make informed decisions.
Customized Mortgage Solutions
We tailor options to fit your unique needs, whether you prefer fixed, variable, or hybrid mortgage rates.
Prequalification in Minutes
Get prequalified in just 60 seconds and start shopping for your new home with confidence.
We compare mortgage rates from top lenders, including BMO mortgage rates, CIBC mortgage rates, RBC mortgage rates, TD Bank Mortgage Rates, and MCAP mortgage rates, alongside our exclusive Citadel Smart Home Plan mortgage rates. Let us simplify the process and help you secure approval quickly and stress-free!
Your affordability depends on your income, debt-to-income ratio, and down payment amount. Use our Mortgage Affordability Calculator for a quick estimate.
If you haven’t already done so, you should get pre-approved before you start your home hunting. The reason is simple; you will know how much you are approved for so that you save time searching for homes that are within your reach. Additionally, having a pre-approval gives you power in negotiation as both the seller and real estate agents know that you are a serious buyer who can close.
Our Pre-approval for your mortgage is valid for up to 120 days, with some of our pre-approvals valid up to 365 days if you are buying a new condo or home build from a developer. Ask us here at Citadel Mortgages how we can ensure your next mortgage is a smooth transaction!
Even if you have 15 to 20% of the property value for a down payment, it may not be enough to qualify for a loan, under the new rules, from a traditional lender such as a bank. As of January 1, 2018, new regulations were put in place, which makes it harder for first-time home-buyers and even experienced home-buyers to secure the loan they need.
At Citadel Mortgages, we’re committed to making your home-buying journey seamless and stress-free. With expert advice, access to top lenders, and tailored solutions, we’re here to help you find the perfect mortgage for your dream home. Start your journey today.
At Citadel Mortgages, we specialize in helping Canadians navigate the complexities of mortgage rates and terms. Whether you’re looking for a 6-month fixed rate, a 5-year variable, or something in between, our team is here to provide personalized guidance and access to the best rates in Canada.
See how you can save and become mortgage-free sooner
Calculate how much you’d spend each month to buy a home or renew or refinance your mortgage.
Discover how much cash back you could receive with our Cash Back Mortgage Calculator.
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Head Office – 150 King Street West 2nd Floor Suite 335, Toronto, ON M5H 1J9
Alberta Office – 421 7th Avenue S.W., 30th Floor, Calgary, Alberta, T2P 4K9
Nova Scotia Office – 1701 Hollis Street, Suite 800 Halifax, NS B3J 3M8
Saskatchewan Office – 2010 – 11th Avenue 7th Floor Regina Saskatchewan S4P0J3
Newfoundland Office – 1 Church Hill – Suite 201-522 St. John’s Newfoundland A1C 3Z7
New Brunswick Office – 500 St George Street, Moncton NB, E1C 1Y3
British Columbia Office – 900-2025 Willingdon Avenue, Burnaby BC, V5C 0J3
Manitoba Office – 330 St. Mary Avenue, Winnipeg, MB, R3C 3Z5
Disclaimer
Citadel Mortgages operates an information-based website designed to display mortgage rates from its trusted partners. While we strive to present accurate and up-to-date information, we cannot guarantee the precision of the rates or other details provided at all times. Citadel Mortgages assumes no liability for errors, inaccuracies, or damages resulting from the use of the information on this site. Terms and conditions apply, and it is essential to consult directly with a licensed mortgage broker for personalized advice and accurate details about specific products and services. Please note that the rates displayed are for informational purposes only and may differ from actual rates offered.
Citadel Mortgages is licensed to operate in the following jurisdictions:
Instant Approval, Conditional Approval, Pre-Approval
All approvals are subject to credit and underwriting approval. Not all borrowers will qualify for conventional or equity financing. The receipt of an application does not constitute a financing approval or guarantee of an interest rate. Restrictions apply. The Annual Percentage Rate (APR) is subject to underwriting and approval, and fees and terms may vary. Contact us for the most current rates and further information about specific products. OAC (On Approved Credit).
We remain committed to delivering outstanding service, transparency, and ethical practices. Please note that some rates are province-specific and may change without notice. Rates may not be available in Quebec; please contact us directly to confirm availability and approval.
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