Broker floor: 4.34% · Bank average: 4.59% · Stress test: 6.34%. 2-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 2-Year term adds 0.30% 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+ | 4.34% | 4.59% | 6.34% |
| Good | 680–749 | 4.59% | 4.84% | 6.59% |
| Fair | 620–679 | 5.09% | 5.34% | 7.09% |
| Poor | below 620 | 5.84% | 6.09% | 7.84% |
Select a credit tier to explore rates for all four intents (purchase, renewal, refinance, switch) and all ten provinces.
The 2-Year fixed broker floor for excellent credit is 4.34% and the bank average is 4.59%, 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 2-Year fixed mortgage at 4.34% is 6.34% (contract rate plus 2%, minimum 5.25%). Poor credit borrowers at 5.84% face a stress test rate of 7.84%.
A 2-year term means two or three renewals in a typical 10-year window versus two 5-year renewals. Each renewal provides flexibility — and rate uncertainty. If rates are expected to fall, the 2-year term captures the benefit faster.
To access the broker floor rate for 2-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.