The “Why” Behind These Rates (January 30, 2026)

Mortgage Interest Rate trends in Ontario. Maurice Kwok, Mortgage Broker (CPA, MBA, MA) with Sherwood Mortgage Group (Lic. 12176). Call (416) 618-9312 or visit MortgageMaurice.ca for expert guidance.

The Bank of Canada held its policy rate steady at 2.25% on January 28, 2026. This second consecutive pause suggests we are likely at the “bottom” of the rate cycle. For you, this means a rare window of stability before potential shifts later in 2026.


Rates are “starting from” and vary based on your unique credit and equity profile.

Mortgage TypeFeatured Rates (Approx.)The Expert Insight
5-Year Variable3.70% – 4.15%The Flexibility Play: Ideal if you want the lowest current payment and believe rates will stay flat or dip slightly.
3-Year Fixed3.96% – 4.21%The Strategic Choice: Our most popular “middle ground.” It offers stability now without locking you in for too long.
5-Year Fixed4.19% – 4.40%The Safety Net: Perfect for families coming off pandemic-era rates who need to lock in a predictable budget.
Alternate/Self-Employed4.94% – 5.19%The Solution: For business owners who don’t fit the “Big Bank box” but have strong equity.

Note: The current Prime Rate is 4.45%.


Don’t Navigate the “Payment Shock” Alone

Over 60% of Canadian mortgages are renewing in 2025 and 2026. Many homeowners are facing a 15-20% jump in their monthly payments as they move from pandemic-era lows.

The Plan to Protect Your Home:

  1. Review: We look at your current mortgage and financial goals.
  2. Strategy: We shop 57+ lenders to find a fit that protects your cash flow.
  3. Approval: We manage the paperwork so you can focus on your life.

Avoid the “Wait-and-See” Trap. Waiting for rates to “hit bottom” can be risky, especially with bond market volatility. Let’s secure your rate today.


Lock in Your Rate for 120 Days