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What are current rates at the big 5 banks this week?
As of late April 2026: posted 5-year fixed runs 5.39%–5.79% across TD, RBC, BMO, Scotiabank, and CIBC. Discounted (negotiated) rates land 80–120bp lower depending on file strength — typically 4.49%–4.69% on a clean owner-occupied file with 20%+ down. National Bank often sits 5–10bp under Big 5 on negotiated. Monolines (First National, MCAP, MERIX) come in 10–25bp under that.
What your bank didn’t say
Posted rates are window dressing. Banks negotiate down to broker-channel pricing if you ask — especially at renewal, where retention pricing is discretionary. The number on their website is rarely the number you should pay. Always get a written broker quote before accepting any bank offer.
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PropTrust is a Canadian property data platform. We are not a lender, broker, real estate agent, landlord, or paid advisor. This is information about how the rules work — not advice on your specific situation. For that, talk to a licensed professional.