Benchmark rate
Government of Canada 5-year benchmark bond yield
The benchmark most closely watched for five-year fixed mortgage pricing in Canada.
Government of Canada 5-year benchmark bond yield
3.64 percent per year
As of 2026-09-16 · Bank of Canada · series BD.CDN.5YR.DQ.YLD
Benchmark rates are inputs to pricing, not offers. A lender sets your rate by adding its own spread and risk premium to a benchmark like this one, and the result depends on your credit profile, income and security.
loanloon.ca is a matching and comparison service — not a lender, a broker of record, or a credit counsellor. We do not make loans, set rates or make credit decisions. The lowest rates are only available to the most qualified applicants.
| Series | Value | As of |
|---|---|---|
| Target for the overnight rate | 2.25 percent per year | 2026-09-16 |
| Bank Rate | 2.5 percent per year | 2025-10-30 |
| Prime business rate | 4.45 percent per year | 2026-09-16 |
| Government of Canada 2-year benchmark bond yield | 3.35 percent per year | 2026-09-16 |
| Government of Canada 5-year benchmark bond yield | 3.64 percent per year | 2026-09-16 |
| Government of Canada 10-year benchmark bond yield | 3.92 percent per year | 2026-09-16 |
| Conventional 5-year mortgage rate | 6.09 percent per year | 2026-09-16 |
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LoanLoon is not a lender. We do not make credit decisions, set rates, or guarantee approval. The lowest rates are only available to the most qualified applicants.