How to find the cheapest mortgage rates in Canada

This article outlines the cheapest mortgage rates in Canada and provides helpful advice to find the best rate. As of September 20th, 2023 the best five-year fixed rate in Canada is 5.24%, and the best five-year variable rate is 5.95%. Additionally, the average five-year fixed rate offered by the Big 5 Banks is 5.86%. Information is also provided on the lowest mortgage rates ever in Canada, which happened in 2021. It is important to do research to find the best mortgage rate, as it could save thousands of dollars over the life of the loan.