Calculator
Know your numbers in a minute.
Move the sliders to see an estimate using Canadian rules and this week's rates. Then talk it through with me for free.
What wouldmy payment be?
Move the sliders to see an estimate. It follows Canadian rules: semi-annual compounding, minimum down payments, CMHC insurance and the stress test.
This week's rates
From the Bank of Canada, week of October 28, 2026. Updates every week.
- Bank of Canada policy rate
- 2.25%
- Set by the Bank of Canada
- Prime rate
- 4.45%
- No change this week
- Big banks' posted 3-year fixed
- 6.05%
- No change this week
- Big banks' posted 5-year fixed
- 6.19%
- No change this week
- Past year: from 6.09% to 6.19%
Posted rates are the big banks' list prices. Many borrowers are offered lower rates, and I can compare offers from several lenders for you.
Estimated payment
$3,285
per month
- Mortgage amount
- $585,000
- CMHC insurance (3.1%)
- $18,135
- Total mortgage
- $603,135
- Stress test: qualify at 6.34%
- $3,982 a month
An estimate only, at a fixed rate held for the whole amortization. Your real rate, payment and insurance depend on lender approval.
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