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. This type of rate is only available with a mortgage loan. 1

Rate (%) as at 02-23-2026

Term Closed APR2**
1 year 7.39% 8.77%
2 years 7.49% 8.23%
3 years 7.59% 8.12%
4 years 7.89% 8.31%
5 years N/A N/A

Variable-rate loan

Variable-rate mortgage loans have an interest rate of Prime + 1% 3 and are adjusted monthly. They allow you to take advantage of lower interest rates.

Rate (%) as at 02-23-2026

Term Rate in effect* APR2**
Variable-rate mortgage (60-month term) 6.45% 6.81%

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 $500.00 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.
  • With a mortgage application fee of $3,500
  • With a title insurance fee of $350.00
  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.