Compiled by Maurice Kwok, MBA, CPA
📌 Featured Rates
5-Year Variable/ARM (Insured): 4.35%
Prime – 0.60% (Current Prime: 4.95%)
Sample Payment: $2,737/month (based on $500,000, 25-year amortization)
5-Year Fixed (Insured): 4.34%
Sample Payment: $2,723/month
Note: Some lenders may offer slightly lower rates, often with limited flexibility or higher penalty. Please ask for the most suitable option.
3-Year Fixed (Insured): 4.39%
1-Year Fixed (Insured): 4.89%
🏦 Alternate Lender Rates
For self-employed, bruised credit, or higher TDS ratio:
💡 Starting Rates (Owner-Occupied, 680+ Beacon, TDS < 55%)
- 1-Year Starting @ 5.44%
- 2-Year Starting @ 5.24%
- 3-Year Starting @ 5.24%
📉 Interest Rate Outlook
The Bank of Canada is widely expected to cut its overnight rate by 0.25% on September 17, 2025. This could bring the prime rate down from 4.95% to 4.70%, offering relief for variable rate holders. With inflation easing to 1.7% year-over-year in July and GDP showing only a 0.1% gain in July after a GDP 1.6% contraction in Q2, the economy is clearly slowing. Unemployment has now climbed to 7.1%, its highest level since May 2016. These conditions may mark a strategic window for clients to explore variable-rate or ARM options, or stick with fixed-rate mortgages.
⚠️ Important Notes
- Rates are subject to change without notice
- Insured rates apply to mortgages with LTV > 80%
- Conditions and restrictions apply (OAC)
- Speak to a mortgage broker for personalized guidance
✅ Get Pre-Approved Today
Secure your rate and financing decision early
📞 (416) 618-9312
🧑💼 Mauirce Kwok, Broker Lic.#M13000496
🏢 Sherwood Mortgage Group, Brokerage Lic.#12176
For rate quotes on purchases (conventional), refinances, switches, and investment properties—please call or contact me directly.
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