In 2026, five-year variable mortgage rates at major Canadian lenders typically range from 3.60% to 4.10%, with most borrowers paying between 3.75% and 3.95% depending on their down payment, credit profile, and the lender’s current prime rate. National Bank currently offers a five-year variable rate at 4.10%, while RBC’s products reference prime rates of 3.950% to 4.050% with various discounts applied. These rates fluctuate with the Bank of Canada’s overnight rate decisions, meaning your monthly payment can shift multiple times throughout your term.
For Vancouver clients building a custom home or financing a high-…
How Much Do 5-Year Variable Mortgage Rates Cost in Vancouver? (2026)
