Broker floor: 4.49% · Bank average: 4.74% · Stress test: 6.49%. 10-Year Fixed rates across all borrower profiles — excellent to poor credit, purchase to switch.
Paid report options after the free check: Rate Fairness Report CA$24 · Full Renewal Decision 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+ | 4.49% | 4.74% | 6.49% |
| Good | 680–749 | 4.74% | 4.99% | 6.74% |
| Fair | 620–679 | 5.24% | 5.49% | 7.24% |
| Poor | below 620 | 5.99% | 6.24% | 7.99% |
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 4.49% and the bank average is 4.74%, 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 4.49% is 6.49% (contract rate plus 2%, minimum 5.25%). Poor credit borrowers at 5.99% face a stress test rate of 7.99%.
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.