Canadian mortgage rates, across 18 lenders.

201 live rate points from A-tier lenders physicians actually access: major banks, physician-program lenders, and prime broker-channel monolines. Insured, insurable, and conventional mortgages across 1 to 5 year terms.

Top five 5-year rates right now.

Purchases under 20% down with CMHC, Sagen, or Canada Guaranty coverage.

20%+ down, under $1M, owner-occupied, amortization under 25 years.

20%+ down on non-insurable purchases, including rentals and large balances.

Top five 3-year rates right now.

What you actually qualify for is usually lower than what's posted above.

The numbers on this page are the best publicly posted broker rates. Physician-program pricing typically sits below these rates, often by 10 to 25 basis points on standard files and occasionally by more for the right combination of factors.

The exact discount a physician receives depends on several layered factors:

• Career stage. Attending physicians and incorporated specialists are priced more aggressively than residents.
• Lender choice. Specific physician programs at Scotia, RBC, TD, CIBC, and National Bank each have different pricing calibrations, and monolines (MCAP, First National, Strive) handle incorporated files differently again.
• Borrower profile. Credit score, income structure, debt load, and down payment source all factor into the final rate quoted.
• Broker relationship and volume. Brokers who fund a high volume of physician files with a given lender sometimes access pricing tiers that are not listed on the public rate sheet. The relationship and the book matter.
• Deal specifics. LTV, amortization, property type, and whether the mortgage is bundled with other products all shift the quote.

The only way to know your actual rate is to have a physician-focused broker or specialist banker run your file. Public rate sheets are a starting line, not an ending one.

A separate pricing tier for high-earning attendings.

High-earning attending physicians, typically at household income above $500,000 or investable assets above $1 million, may qualify for private banking relationships at RBC Private Banking, Scotia Private Banking, TD Wealth, CIBC Private Wealth, BMO Private Wealth, or National Bank Private 1859. Private banking mortgage pricing operates outside the public rate sheets entirely. Rates are negotiated per client and often fall below the physician-program discount by an additional 10 to 30 basis points, with access to structured lending that a retail branch cannot offer.

Private banking is worth exploring when complex borrowing structures, investment property portfolios, or corporate holding companies are part of the picture. Not every physician benefits, but those who qualify typically should compare a private banking quote against the broker-channel numbers above.

How we source these numbers.

Rates are pulled directly from lender-issued rate sheets via Rate Scout, our automated extraction system. Lenders send updated sheets throughout the week; each is processed, validated, and written to the rate database within minutes. This page refreshes once per day.

This report shows a curated set of A-tier lenders physicians actually access: the major Canadian banks (TD, Scotia, National, BMO), broker-channel physician-program lenders, and prime monolines (MCAP, First National, Strive, Equitable, Manulife, and similar). B-lenders, regional credit unions, and direct-to-consumer banks are excluded because they are not typical paths for physician financing.

Lenders whose most recent rate update is more than 45 days old are excluded from this report to avoid quoting stale pricing. Lender counts in each category reflect only fresh data.

Rates shown are indicative and provided for informational purposes only. They are subject to change at any time without notice and do not constitute a commitment to lend. Actual rates offered depend on individual credit qualification, property type, loan-to-value, down payment source, income structure, and lender underwriting. All mortgage approvals are on approved credit (OAC).

Rate information is aggregated from broker-channel rate sheets published by participating lenders. Physician-program and private-banking pricing is not always reflected in public rate sheets and may be more favourable than what is shown. Nothing on this page is financial, legal, tax, or insurance advice.

Mortgage services are arranged through BRX Mortgage Inc. (Licence #13463). Jeff Mudrick, Mortgage Agent Level 2 (FSRA #M21001275). Licensed in Ontario, British Columbia, Alberta, Saskatchewan, Quebec, Manitoba, Nova Scotia, Newfoundland and Labrador, and New Brunswick.

The rate that matters is the one you qualify for.

Physician-program rates are not always published. Get a real number in 30 minutes.