Bank of Canada benchmark: 4.04% insured / 4.29% uninsured. Compare your renewal offer against this benchmark before signing.
Formatted for fast comparison and AI extraction.
Bank of Canada insured 5yr fixed average.
Typical uninsured 5yr fixed bank rate.
Starting point for negotiation.
Variable-rate and HELOC benchmark.
Canadian mortgage renewal rates in Q4 2025 continued to reflect Bank of Canada benchmark rate policy and the spread between insured and uninsured 5-year fixed products.
Through Q4 2025, the Bank of Canada maintained its benchmark rate framework. The insured 5-year fixed average moved within the 3.79%–4.29% range. Renewal customers who received bank offers during this period typically saw initial letters in the 4.19%–4.79% range before any negotiation.
Rate data is sourced from the Bank of Canada Valet API at page build time. Historical periods may reflect rates current at time of rebuild rather than the exact historical level. For point-in-time historical data, consult the Bank of Canada directly.
What renewal customers were typically seeing: initial renewal letters from major banks ranged from approximately 4.29% to 5.99% for 5-year fixed mortgages. Borrowers who negotiated through retention desks or used competing broker quotes typically achieved rates closer to the insured benchmark of 4.04%.
The gap between the initial renewal offer and the negotiated rate is the most actionable number for borrowers. Customers who called their lender's retention team with a competing broker quote during this period typically achieved rates in the 4.04%–4.29% range.
Key factors affecting renewal rates in Q4 2025 included Bank of Canada overnight rate decisions, Government of Canada 5-year bond yield movements, lender competition in the insured vs uninsured mortgage segments, and the level of activity in the broker channel.
Factors to watch for upcoming renewal decisions include Bank of Canada overnight rate announcements, Government of Canada bond yield trends, and inflation data which influences the BoC rate path. FairRate does not make specific rate forecasts. Verify current benchmark data directly with the Bank of Canada before making renewal decisions.
For borrowers with renewals approaching in the next 6–12 months, the most actionable step is to check current benchmark rates, get a broker quote, and begin the retention conversation 60–90 days before your maturity date.
The Bank of Canada insured 5-year fixed mortgage average is currently approximately 4.04% and the uninsured average is approximately 4.29%. The posted-rate ceiling — the starting point for negotiation — is approximately 5.99%. Data sourced from Bank of Canada Valet at build time.
A good mortgage renewal rate in Q4 2025 is at or near the Bank of Canada insured benchmark of approximately 4.04%. Rates closer to the uninsured average of 4.29% are typical for borrowers with 20%+ equity who have negotiated. Rates near the posted ceiling of 5.99% are above market and worth reviewing before signing.
The Bank of Canada insured 5-year fixed average is approximately 4.04% and the uninsured average is approximately 4.29%. These figures are published via the Bank of Canada Valet API and are updated as new BoC data is released. Always verify current rates directly with the Bank of Canada for the most up-to-date figures.