Broker floor: 4.57% · Bank average: 4.92% · Stress test: 6.57%. 10-Year Fixed rates across all borrower profiles — excellent to poor credit, purchase to switch.
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Most borrowers compare only after they have already signed. Free check first; paid report options after the check: Basic Snapshot CA$24 · Recommended Before Signing Report CA$49. No broker calls. No data sold.
Fixed rate mortgages are priced from the Government of Canada 5-year bond yield (approximately 3.12%). The broker floor adds approximately 1.00% to the bond yield; the bank average adds approximately 1.35%. The 10-Year term adds 0.45% above the 5-year base rate.
Rates are based on Bank of Canada benchmark data and do not constitute a lender quote. Verify current rates with your lender.
| Credit tier | Credit score range | Broker floor | Bank average | Stress test rate |
|---|---|---|---|---|
| Excellent | 750+ | 4.57% | 4.92% | 6.57% |
| Good | 680–749 | 4.82% | 5.17% | 6.82% |
| Fair | 620–679 | 5.32% | 5.67% | 7.32% |
| Poor | below 620 | 6.07% | 6.42% | 8.07% |
Select a credit tier to explore rates for all four intents (purchase, renewal, refinance, switch) and all ten provinces.
The 10-Year fixed broker floor for excellent credit is 4.57% and the bank average is 4.92%, based on Bank of Canada data. Rates vary by credit tier — see the table above for all credit tiers.
The stress test qualifying rate for an excellent-credit 10-Year fixed mortgage at 4.57% is 6.57% (contract rate plus 2%, minimum 5.25%). Poor credit borrowers at 6.07% face a stress test rate of 8.07%.
A 10-year term offers the highest payment certainty but at the highest rate cost. IRD penalties on a 10-year fixed mortgage can be extremely large in a declining rate environment. Only commit if you are highly confident you won't need to break the term.
To access the broker floor rate for 10-Year fixed mortgages: (1) maintain excellent credit (750+), (2) use a mortgage broker who accesses monoline lenders, (3) compare at least 3 lender offers, and (4) benchmark any offer against current BoC data before signing.