Rates
Big-bank mortgage rates: all six banks, every term, dated
Short answer: On November 2, 2026 the big banks’ advertised 5-year fixed specials ran from 5.14% (RBC, BMO, National Bank) to 5.34% (CIBC), and their posted 5-year rates from 6.09% (BMO) to 6.49% (CIBC). Every rate below is copied from each bank’s own site, with its date.
Posted and special fixed rates for RBC, TD, Scotiabank, BMO, CIBC and National Bank side by side, copied exactly from each bank’s site on November 2, 2026, plus each bank’s prime and the Bank of Canada series. We never invent or estimate a bank’s rate.
Special (advertised) fixed rates
| Term | RBC | TD | Scotiabank | BMO | CIBC | National Bank |
|---|---|---|---|---|---|---|
| 1-year | 5.14% | — | — | — | 5.09% | 5.49% |
| 2-year | 5.14% | — | — | — | 4.84% | 5.19% |
| 3-year | 5.09% | 5.24% | — | 4.94% | 5.09% | 5.09% |
| 4-year | 5.14% | — | — | — | 5.24% | 5.09% |
| 5-year | 5.14% | 5.29% | — | 5.14% | 5.34% | 5.14% |
| 7-year | 5.25% | — | — | — | 5.54% | 5.34% |
Posted fixed rates
Few people pay posted rates, but the big banks use them to calculate the penalty if you break a fixed term. Check yours in the penalty analyzer.
| Term | RBC | TD | Scotiabank | BMO | CIBC | National Bank |
|---|---|---|---|---|---|---|
| 1-year | 5.74% | 5.69% | 5.49% | 5.49% | 5.14% | 5.49% |
| 2-year | 5.74% | 5.39% | 5.24% | 4.94% | 5.24% | 5.24% |
| 3-year | 6.25% | 6.15% | 6.05% | 6.05% | 6.14% | 6.09% |
| 4-year | 6.09% | 5.99% | 6.09% | 5.99% | 6.19% | 6.05% |
| 5-year | 6.19% | 6.14% | 6.19% | 6.09% | 6.49% | 6.14% |
| 6-year | — | 6.29% | — | 6.29% | — | 6.40% |
| 7-year | 6.50% | 6.40% | 6.40% | 6.40% | 6.30% | 6.40% |
| 10-year | 6.90% | 6.80% | 6.80% | 6.80% | 6.79% | 6.80% |
The discount gap: today’s saving, tomorrow’s penalty
Prime and variable rates
| Bank | Prime used for mortgages | Variable posted | 5-yr variable special |
|---|---|---|---|
| RBC | RBC Prime: 4.70% | Prime + 0.00% | 4.40% |
| TD | TD Mortgage Prime: 4.85% | TD Mortgage Prime | 4.54% |
| Scotiabank | Scotiabank Prime: 4.70% | Flex Value 5.15% | — |
| BMO | BMO Prime: 4.70% | 4.70% | 4.35% |
| CIBC | CIBC Prime: 4.70% | 4.70% (Variable Flex) | 4.30% |
| National Bank | National Bank prime: 4.70% | Prime + 0.00% (4.70%) | 4.35% |
Sources: RBC (MITEY lender-rate dataset, collected 2026-11-13) · TD (MITEY lender-rate dataset, collected 2026-11-13) · Scotiabank (MITEY lender-rate dataset, collected 2026-11-13) · BMO (MITEY lender-rate dataset, collected 2026-11-13) · CIBC (MITEY lender-rate dataset, collected 2026-11-13; other terms Nov 2, 2026 (prime “as of November 2, 2026”)) · National Bank (MITEY lender-rate dataset, collected 2026-11-13)
Bank of Canada posted-rate series
| Series | Rate | Date |
|---|---|---|
| 1-year conventional mortgage (V80691333) | 5.49% | 2026-11-11 |
| 3-year conventional mortgage (V80691334) | 6.05% | 2026-11-11 |
| 5-year conventional mortgage (V80691335) | 6.19% | 2026-11-11 |
| Prime rate (V80691311) | 4.70% | 2026-11-11 |
| Policy rate (V39079) | 2.50% | 2026-11-12 |
Rates on each bank’s profile
RBC Royal Bank
- 5-year fixed (closed) (posted)
- 6.190%
- 5-year fixed, ≤25-yr amortization (special)
- 5.140%
- 5-year fixed, high ratio (special)
- 4.840%
- 3-year fixed (closed) (posted)
- 6.250%
- 3-year fixed, ≤25-yr amortization (special)
- 5.090%
- 1-year fixed (closed) (posted)
- 5.740%
- 5-year variable, Prime − 0.30% (special)
- 4.400%
RBC Prime was shown as 4.700%. The 5-year variable is posted at RBC Prime + 0.000%.
TD Canada Trust
- 5-year fixed (closed) (posted)
- 6.14%
- 5-year fixed (closed) (special)
- 5.39%
- 3-year fixed (closed) (posted)
- 6.15%
- 3-year fixed (closed) (special)
- 5.24%
- 1-year fixed (closed) (posted)
- 5.69%
- 5-year variable, Prime − 0.31% (special)
- 4.54%
TD Mortgage Prime Rate was shown as 4.85%; TD’s variable mortgages price off this rate, not the general TD Prime Rate.
Scotiabank
- 5-year fixed (closed) (posted)
- 6.190%
- 3-year fixed (closed) (posted)
- 6.050%
- 1-year fixed (closed) (posted)
- 5.490%
- Flex Value 5-year closed (variable) (posted)
- 5.150%
Scotiabank publishes no fixed special rates; its advertised specials are variable products, listed with both a rate and an APR. The Flex Value product page showed Scotiabank Prime at 4.70%.
BMO Bank of Montreal
- 5-year fixed (closed) (posted)
- 6.090%
- 5-year Smart Fixed, ≤25-yr amortization (special)
- 5.14%
- 5-year Smart Fixed, default insured (special)
- 4.99%
- 3-year fixed (closed) (posted)
- 6.050%
- 3-year fixed, ≤25-yr amortization (special)
- 4.94%
- 1-year fixed (closed) (posted)
- 5.490%
- 5-year variable (closed) (posted)
- 4.700%
- 5-year variable, ≤25-yr amortization (special)
- 4.35%
BMO Prime Mortgage Rate was shown as 4.700%.
CIBC
- 5-year fixed, ≤25-yr amortization (special)
- 5.34%
- 5-year fixed, high ratio (special)
- 4.99%
- 3-year fixed, ≤25-yr amortization (special)
- 5.09%
- 3-year variable, ≤25-yr amortization (special)
- 4.40%
The current CIBC Prime rate was 4.70% as of November 2, 2026. CIBC’s posted fixed rates (1 to 10 years) are in the rate grid; it publishes no 6-month posted rate, which its penalty chart uses for 12 months or less, so our estimates use its 1-year rate there.
National Bank
- 5-year fixed (closed) (posted)
- 6.14%
- 5-year fixed (special)
- 5.14%
- 5-year fixed, high ratio (special)
- 4.69%
- 3-year fixed (closed) (posted)
- 6.09%
- 1-year fixed (closed) (posted)
- 5.49%
- 5-year variable, Prime − 0.35% (special)
- 4.35%
- Variable (60-month), Prime + 0.00% (posted)
- 4.70%
National Bank showed Prime = 4.7%.
Bank rates can change any day and your offer depends on your file. Use these as a reference, get a written quote, and score it on IsThisAGoodRate.ca.
Ten years of posted rates and prime
5-year postedPrimePolicy rate
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Educational information only, not financial, legal or tax advice. BankMortgages.ca is independent and is not affiliated with, endorsed by or paid by any bank named on this site. Bank terms change: confirm every rate and term with the lender and the official sources linked on each page before you act. Read the full disclaimer.
Worked example: what the posted-to-special gap is worth on $500,000
Monthly payment over 25 years at each bank’s 5-year special and at the posted rate it discounts from. Few borrowers pay posted, but the gap is the discount that later enters the penalty formula.
| Bank | 5-yr special | Payment | 5-yr posted | Payment at posted |
|---|---|---|---|---|
| RBC | 5.14% | $2,948.00 | 6.19% | $3,255.72 |
| TD | 5.29% | $2,991.12 | 6.14% | $3,240.76 |
| BMO | 5.14% | $2,948.00 | 5.99% | $3,196.06 |
| CIBC | 5.34% | $3,005.55 | 6.49% | $3,346.09 |
| National Bank | 5.14% | $2,948.00 | 6.14% | $3,240.76 |
Computed by this site’s engine from each bank’s published rates (November 2, 2026). An example, not a quote.