- 5-year posted: 6.19% on 2026-10-28. Highest month-end in this period: 7.04% (2023-10); lowest: 4.64% (2016-01).
- Prime: 4.45% on 2026-10-28; it was 2.45% in January 2021 and 7.20% in January 2024.
- Policy rate: 2.50% from 2026-10-29.
- Posted rates are list prices: most borrowers are offered less. See posted vs special rates.
Posted 5-year rate, prime and policy rate since 2016
Month-end observations from the Bank of Canada’s Valet API (series V80691335, V80691311 and V39079), fetched October 31, 2026.
5-year postedPrimePolicy rate
What the gaps tell you
The gap between the posted 5-year rate and what banks actually advertise is the discount that enters the big banks’ IRD penalty formula. The gap between prime and the policy rate has stayed close to 2.2 points over this period, which is why prime follows Bank of Canada decisions.
For a live read on whether a specific quote is good, use IsThisAGoodRate.ca, which publishes the benchmarks it scores against.
Rules change. Every figure on this page links to the official source and shows when we checked it. If something looks out of date, tell us and we will re-check.
Frequently asked questions
How often is this updated?
When we refresh the site’s data. The date on this page is the date of the last observation used. The Bank of Canada publishes the posted series weekly.
Sources
- Valet API: posted conventional mortgage rates (V80691333–35), prime (V80691311), policy rate (V39079) — Bank of Canada, checked Oct 31, 2026
- Policy interest rate — Bank of Canada, checked Oct 31, 2026
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