Mortgage rates

Optimum Alternative Mortgage 

A photo of two people looking at the current mortgage rates on a laptop at home.

Fixed-rate loan

Your interest rate is set as soon as you take out your mortgage and is not affected by fluctuations for the duration of your term. 1 The total cost of borrowing (APR 2**) is expressed as an annual rate.

Rate as of 2026-04-04

1 year
7.390
8.770
2 years
7.490
8.230
3 years
7.590
8.120
4 years
7.890
8.310

Variable-rate loan

Variable-rate mortgage loans have a prime interest rate of + 2%3. They are adjusted monthly if the prime rate changes and may result in lower interest rates. The total cost of borrowing (APR 2**) is expressed as an annual rate.

Rate as of 2026-04-04

Variable-rate mortgage (60-month term)
6.450
6.810

Little details that matter

*Refers to standard rate.

** Based on a $350,000 fixed-rate mortgage

  • With the chosen term
  • With 25-year amortization
  • With a $25/month administration fee
  • With a mortgage application fee of $3,500
  • With a title insurance fee of $350
  • With a $500 appraisal fee. The appraisal fee may be adjusted or may not be charged as part of the assessment of your mortgage application. The evaluation fee is not applicable during a renewal.

The appraisal fee, application fee and title insurance fees do not apply at renewal.

  1. Rates may differ if the amortization period is more than 25 years.  Contact the National Bank Optimum Mortgage Centre at 1-866-441-3775 for more information.
  2. APR as of 02-23-2026. APR means "Annual Percentage Rate" and represents the total interest and fees charged by the Bank, expressed as an annual percentage. All content provided is for informational purposes only. There may be a delay in information updates. To obtain the current APR, please contact your advisor. The evaluation fee is not applicable during a renewal.
  3. Subject to change without notice.