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Mortgage Rates & Affordability Update for March 2025
Dated: March 24 2025
Views: 188
This week in mortgages:
- Bank of Canada dropped their prime lending rate by 0.25% last Wednesday, affecting variable rates.
- tonight we have 12 hours of night, then we begin having more day time than night time :)
5 YEAR RATES (not including low rate specials with restrictions):
Fixed insured 4.09 (-0.05 decrease)
Variable insured 4.05 (-0.20 decrease)
Fixed conventional 4.29 (-0.10 decrease)
Variable conventional 4.25 (-0.35 decrease)
Rentals Fixed 4.44 (-0.15 decrease)
Rentals Variable 4.75 (-0.25 decrease)
LENDER TURNAROUND TIMES:
2-3 days for a Conditional Mortgage Commitment, and similar for any back and forth of documents.
NEWS PIECE or TIDBIT:
Enjoy the daylight!
Have a productive and enjoyable week!
Courtesy of James Sicotte | Polaris Mortgage Planners | (780) 719-6888
Larry Kennedy
I work, live & play full time in Edmonton AB. I have a diverse background that’s led me to real estate and all its dealings. I practice listening, communication and negotiation skills daily. I’m ....
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Information last updated on September 22, 2026 3:34 AM UTC