Current Mortgage Rates April 2025 Canada. Bond yields, which lead fixed mortgage rates, are also expected to have reached their peak. Forecasts from most of the big 6 banks see the overnight target rate falling back to at least 4.00% by the end of 2025 from its current rate of 5.00%.

The charts below show current purchase and switch special offers and posted rates for fixed and variable rate mortgages, as well as the royal bank of canada. 3 year and 5 year mortgage rates forecast in tables.