The 5-year fixed mortgage rate is 6.09% as of July 2026. That is +1.15 pts since 2020, based on official Bank of Canada data.
The trend
Over the monthly series since 2020, the 5-year fixed mortgage rate has moved from 4.94% to 6.09%, a clear climb. The chart below tracks the full history, hover or touch any point to read the exact figure.
What it means for you
Higher fixed rates mean larger monthly payments, so buyers have less room in their budget. If you are buying or renewing, it is worth getting pre-approved to hold a rate and comparing lenders before the next move.