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Check out today's best mortgage rates in Canada by type and term.
| Insured ? | 80% LTV ? The rates in this column apply to mortgage amounts between 65.01% and 80% of the property value. The home must be owner-occupied and have an amortization of 25 years or less. You must have purchased it for less than $1 million. These rates are not available on refinances. Refinances require "Uninsured" rates. | 65% LTV ? The rates in this column apply to mortgage amounts that are 65% of the property value or less. The home must be owner-occupied and have an amortization of 25 years or less. You must have purchased it for less than $1 million. These rates are not available on refinances. Refinances require "Uninsured" rates. | Uninsured ? | Bank Rate ? | ||
|---|---|---|---|---|---|---|
Insured 4.64% | 80% LTV 4.19% | 65% LTV 4.19% | Uninsured 4.99% | 4.99% | ||
Insured 3.99% | 80% LTV 3.89% | 65% LTV 3.89% | Uninsured 4.44% | 4.53% | ||
Insured 3.69% | 80% LTV 3.79% | 65% LTV 3.79% | Uninsured 3.9% | 4.39% | ||
Insured 3.84% | 80% LTV 3.99% | 65% LTV 3.99% | Uninsured 4.39% | 4.44% | ||
Insured 3.69% | 80% LTV 3.55% | 65% LTV 3.55% | Uninsured 3.69% | 4.19% | ||
Insured 4.19% | 80% LTV 4.24% | 65% LTV 4.24% | Uninsured 4.89% | 5% | ||
Insured 5.04% | 80% LTV 4.34% | 65% LTV 4.34% | Uninsured 5.24% | 6.09% | ||
Insured 3.9% | 80% LTV 3.95% | 65% LTV 3.9% | Uninsured 3.9% | 5.95% | ||
Insured 3.45% | 80% LTV 3.45% | 65% LTV 3.45% | Uninsured 3.5% | 4.24% | ||
Insured N/A | 80% LTV N/A | 65% LTV N/A | Uninsured N/A | N/A | ||
Insured 5.45% | 80% LTV 5.45% | 65% LTV 5.45% | Uninsured 5.5% | N/A |
There are three main drivers behind mortgage rates in Trois-Rivières and Canada at large:
The Bank of Canada influences mortgage rates through its policy rate. The Bank’s objective is to keep inflation in the target range of 1% to 3% and preserve the value of the Canadian dollar. It achieves this by setting the target overnight rate, also known as the policy rate.
As of today, the policy rate is 2.25%. The central bank uses the target rate to influence how the banks set their own rates and acts as a barometer for the rate at which banks borrow and lend among themselves.
The higher the inflation, particularly if it’s above 3%, the higher the likelihood of a rate hike. Though inflation does not directly affect mortgage rates, the Bank tends to raise rates to cool down economic activity and force homebuyers to retreat from the market. It’s worth noting that government bond yields, which influence fixed rates, are affected by inflation as well, in addition to factors like oil prices, geopolitical tensions and broader economic conditions (which currently remain uncertain).
Banks, credit unions, monoline lenders and other financial institutions compete to attract borrowers across Trois-Rivières and beyond. During competitive market conditions, lenders may offer better rates. Shopping around and comparing multiple lenders — including local Quebec credit unions like Desjardins — can often result in a better mortgage rate.
There are many factors that affect whether lenders will approve your mortgage application, and what interest rates they’ll offer. That's as applicable to Trois-Rivières as it is to the rest of Canada. Here's what they are:
1. Down payment
Your rate is often better if you make a down payment of less than 20%. While that doesn’t seem to make sense, it actually does because you’re required to get mortgage default insurance. The lender is protected so it’s a bit less risky to lend to you. However, if your down payment is 20% or higher, the lender will charge a higher rate because you don’t have to buy insurance and it’s not protected in the event you default.
The minimum down payment required to buy a home in Canada depends on the price of the house. Currently, the minimum down payments set by the federal government are:
2. Credit score
Mortgage companies in Trois-Rivières and elsewhere look at this number to determine whether or not you’re a risky borrower. Your credit history will show your borrowing history, how much debt you currently have and whether you make your payments on time, and your credit score is a numerical reflection of that. A low score usually means you’re more likely to default on your mortgage and you’ll have to pay a higher rate. A high score (around 760 or higher) means you’re less likely to miss payments and you’ll be rewarded with a lower rate.
3. Debt service ratios
Lenders will also look at how much you spend on housing and how much debt you’re paying. This is captured in your gross debt service (GDS) and your total debt service (TDS) ratios, respectively.
4. Employment and income
This is probably the most important factor because it also determines how much lenders will let you borrow. Lenders want to see stable employment and steady income. They’ll also want to know how long you’ve been working at your current organization, whether you work on a part-time or full-time basis, and if your position is permanent or contract.
For those who are self-employed, you need to provide some extra documentation, such as copies of your tax returns, bank statements, and proof that you don’t have any unpaid taxes.
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How do these mortgage types differ? Conventional (low-ratio) mortgage requires a down payment of 20% or more, with no mandatory insurance, while a high-ratio mortgage requires a down payment of below 20%, plus mandatory insurance.
Which mortgage type offers cheaper rates? As of September 2026, the average conventional 5-year fixed rate is 4.39%. That’s 31 bps above the average high-ratio 5-year fixed rate, which stands at 4.08%.
| Date | Average Conventional Rate | Average High Ratio Rate |
|---|---|---|
| 09/25 | 4.53% | 4.44% |
| 10/25 | 4.49% | 4.36% |
| 11/25 | 4.38% | 4.33% |
| 12/25 | 4.48% | 4.35% |
| 01/26 | 4.59% | 4.53% |
| 02/26 | 4.55% | 4.53% |
| 03/26 | 4.34% | 4.32% |
| 04/26 | 4.32% | 4.28% |
| 05/26 | 4.36% | 4.21% |
| 06/26 | 4.38% | 4.19% |
| 07/26 | 4.37% | 4.13% |
| 08/26 | 4.39% | 4.08% |
Last Updated: September 1, 2026
How do these mortgage rates differ? A fixed rate mortgage is a rate fixed over a period of time. Interest rates and the mortgage payments remain the same (and consistent) over that mortgage term. A variable rate mortgage is different. While the mortgage payment remains constant, the interest rate payments fluctuate with the prime interest rate.
Which rate is cheaper? As of September 2026, the 5-year fixed rate is 4.26%. That’s 45 bps above the 5-year variable rate, which stands at 3.81%.
| Month | Fixed | Variable |
|---|---|---|
| 09/25 | 4.62% | 4.69% |
| 10/25 | 4.64% | 4.55% |
| 11/25 | 4.65% | 4.44% |
| 12/25 | 4.67% | 4.44% |
| 01/26 | 4.73% | 4.47% |
| 02/26 | 4.67% | 4.44% |
| 03/26 | 4.44% | 4.40% |
| 04/26 | 4.40% | 4.06% |
| 05/26 | 4.34% | 3.90% |
| 06/26 | 4.34% | 3.85% |
| 07/26 | 4.27% | 3.83% |
| 08/26 | 4.26% | 3.81% |
Last Updated: September 1, 2026
New mortgage loan values have been trending upward throughout 2025, reaching the average of $176,253 in Trois-Rivières and $360,597 in Canada by the end of Q4 2025.
Here are all the average new mortgages loan values in Trois-Rivières from 2022 to 2025:
| Q1 – 2022 | Q2 – 2022 | Q3 – 2022 | Q4 – 2022 | Q1 – 2023 | Q2 – 2023 | Q3 – 2023 | Q4 – 2023 | Q1 – 2024 | Q2 – 2024 | Q3 – 2024 | Q4 – 2024 | Q1 – 2025 | Q2 – 2025 | Q3 – 2025 | Q4 – 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Canada | $368,936 | $371,063 | $363,654 | $325,612 | $320,298 | $314,540 | $338,522 | $327,899 | $323,537 | $332,825 | $349,364 | $343,271 | $356,831 | $350,281 | $360,986 | $360,597 |
| Trois-Rivières | $141,357 | $143,605 | $158,759 | $140,432 | $129,546 | $133,378 | $142,521 | $135,648 | $134,200 | $143,075 | $165,336 | $148,479 | $160,607 | $161,357 | $165,349 | $176,253 |
Scheduled monthly payments have been trending downward throughout 2025, reaching the average of $1,068 in Trois-Rivières by the end of Q4 2025.
| Q1 – 2022 | Q2 – 2022 | Q3 – 2022 | Q4 – 2022 | Q1 – 2023 | Q2 – 2023 | Q3 – 2023 | Q4 – 2023 | Q1 – 2024 | Q2 – 2024 | Q3 – 2024 | Q4 – 2024 | Q1 – 2025 | Q2 – 2025 | Q3 – 2025 | Q4 – 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| $759 | $790 | $884 | $881 | $854 | $875 | $928 | $940 | $941 | $953 | $1,080 | $957 | $1,015 | $994 | $1,019 | $1,068 |
New homebuyers are sometimes surprised to find out there are other costs when buying a property. These are called closing costs and they’re typically an additional 3% or 4% of the purchase price.
Some of the most common closing costs include:
Land transfer tax calculations for a $500,000 property in Trois-Rivières without a rebate are:
Mortgage term and amortization period may seem like the same thing, but they are decidedly not. Here's the difference:
Mortgage term: The term is the amount of time certain conditions are locked in, such as your interest rate. Terms usually run from six months to 10 years, but five years is the most common mortgage term in Canada. By the end of the term, the mortgage must either be fully paid off or you must get a new term, with new conditions.
Amortization period: Amortization is the total amount of time it takes to pay off your mortgage in full. In Canada, an amortization period can be up to 30 years. If your down payment is less than 20%, the maximum amortization period allowed by the Canada Mortgage and Housing Corporation (CMHC) is generally 25 years.
However, first-time buyers and buyers of newly built homes can qualify for a 30-year amortization on an insured mortgage. A shorter amortization period means your monthly payments will be higher, but you’ll pay less interest. A longer amortization period means your payments will be lower, but you’ll pay more toward interest charges over the life of your mortgage.
If you do a comparison of mortgage rates in Trois-Rivières, you’ll probably notice a difference between open and closed rates.
Rates for open mortgages are higher than closed mortgages because an open mortgage is very flexible. Do you want to pay off your entire mortgage balance as quickly as possible or make extra payments a few times a month and not have to pay a penalty? You can if you have an open mortgage.
Closed mortgages aren’t very flexible at all, which is one of the reasons why you can get a lower rate. There are penalties if you break your mortgage and pay off your balance in full. There are also restrictions around how many additional payments you can make a year and what percentage of your original balance you’re allowed to pay off annually.
Getting one of the lowest mortgage rates in Trois-Rivières is one factor to consider, but there are others you should know.
A number of lenders let you make additional payments over the mortgage term, which are called prepayment privileges. These vary from lender to lender, but the main takeaway is that additional payments allow you to pay off your mortgage earlier and reduce your overall interest costs.
You’ll often have to pay penalties when you make more prepayments than you’re allowed or when you break your mortgage. The costs can vary depending on whether you have a variable or fixed rate, if rates have changed since you signed your latest mortgage contract, and the lender that you chose. It’s best to learn what penalties you may need to pay before you get or renew a mortgage.
Some mortgages have a portability option. That means when you sell your existing property and buy another one, you can transfer the mortgage to the new property. This saves you the hassle of having to go through the qualification process and you won’t have to pay any penalties because you won’t be breaking your mortgage. There may be a small transfer fee though.
LowestRates.ca works with leading banks and brokers to bring you competitive mortgage rates from lenders in Canada. All you have to do is answer a few questions, and in minutes you’ll be provided with mortgage rates for houses in Trois-Rivières. There’s no obligation, but you can choose to speak with our broker partner to secure your best rate and see if you're eligible for more savings.
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We have a strong selection of lenders on LowestRates.ca including the big banks and many independent providers and we’re adding more lenders all the time. This ensures we’re always delivering you a competitive rate. Even if you’re not ready to commit to anything, you can use our site as a starting point for research (it’s totally free, and you’re under no obligation).
The better informed you are, the more likely you'll negotiate a better deal for yourself. And, really, that’s what we care about the most.
Taras Trofimov
About the Author
Taras is the Content Manager for LowestRates.ca. He has produced thought leadership content for organizations like Constellation Software, Facebook and Yellow Pages as well as outlets like The Globe and Mail, Autoblog and MSN Autos.
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