Bank of Canada Rate Cut
The Bank dropped its overnight policy rate by 25 basis points, from 2.75% to 2.50%.
This is the first rate cut since March.
According to CREA, home sales rose for the fifth month in a row in August.
Current Mortgage Rates:
"A" Lending Rates:
Fixed 3.94% (insured) | 4.14% (conventional)
Variable 3.70% (insured) | 4.19% (conventional)
Rental 4.59% (fixed) | 4.34% (variable)
Prime Rate 4.45%
Next Bank of Canada rate announcement: Jan 28, 2026
"B" Lending Rates:
1 year 4.74% to 5.04%
2 years 4.89% to 5.19%
3 years 4.89% to 5.19%
20% down payment required
No NOA required
Self-Employed (12 months bank statements)
New Flex Program for Self Employed
40 years Amortization
65% GDS - 65% TDS
Maximum Mortgage $2M
3-6 months Business Bank Statements
80% LTV
"C" Lending Rates:
Fully Open
50% LTV 5.80%
60% LTV 5.90%
65% LTV 5.99%
70% LTV 6.70%
75% LTV 7.30%
"2nd Mortgage"
Starting at 8.80%
Contact us for:
2nd Mortgages
Builder's Closing
Bridge Financing
Commercial
