Market rates
The rate path behind the calculation.
This is the bundled, dated Bank of Canada policy-model snapshot. The calculator refreshes live data separately and can use a newer curve. This snapshot is not a live quote or a guarantee; estimates beyond contract coverage are a flat assumption.
Source
Cached futures-calibrated BoC policy model
As of
Oct 2, 2026
Method
Stepwise
Joint compounded COA/CRA repricing using two-sided quote midpoints, realized CORRA and Toronto business-day weights. A minimum-jump regularized model estimates underidentified meeting levels. A common future CORRA-policy basis is jointly fitted only when separately identified by the quotes; otherwise the observed basis is held constant. Realized rates and the current policy anchor remain fixed. No convexity or separate risk-premium adjustment. Policy changes apply the day after announcements. Beyond contract coverage, the last rate is held constant as an assumption.
Fixed-rate defaults
When a user has not entered a lender offer yet, FixWise suggests a fixed rate from the Dominion Lending Centres current rates table used by Lawrence Park Mortgage. It uses the remaining term rounded up to the nearest year, then matches the closest available published term.
| Term | Current rate |
|---|---|
| 1 Year | 4.59% |
| 2 Years | 4.39% |
| 3 Years | 4.34% |
| 4 Years | 4.39% |
| 5 Years | 4.39% |
| 7 Years | 4.59% |
| 10 Years | 4.59% |
Source snapshot: May 28, 2026. Replace this default with the borrower's actual lender fixed conversion offer whenever available.
Forward path
| Date | BoCModelled BoC rate | Move |
|---|---|---|
| Oct 2, 2026Observed anchor | 2.25% | No change |
| Oct 28, 2026Effective Oct 29, 2026 | 2.33% | 8 bps |
| Dec 9, 2026Effective Dec 10, 2026 | 2.50% | 17 bps |
| Jan 27, 2027Effective Jan 28, 2027 | 2.69% | 19 bps |
| Mar 3, 2027Effective Mar 4, 2027 | 2.82% | 13 bps |
| Apr 28, 2027Effective Apr 29, 2027 | 2.98% | 16 bps |
| Jun 2, 2027Effective Jun 3, 2027 | 3.07% | 9 bps |
| Jul 21, 2027Effective Jul 22, 2027 | 3.15% | 8 bps |
| Sep 8, 2027Effective Sep 9, 2027 | 3.24% | 9 bps |
| Oct 27, 2027Effective Oct 28, 2027 | 3.32% | 8 bps |
| Dec 8, 2027Effective Dec 9, 2027 | 3.38% | 6 bps |
| Jan 26, 2028Effective Jan 27, 2028 | 3.43% | 5 bps |
| Mar 15, 2028Effective Mar 16, 2028 | 3.46% | 4 bps |
| Apr 26, 2028Effective Apr 27, 2028 | 3.49% | 3 bps |
| Jun 7, 2028Effective Jun 8, 2028 | 3.52% | 2 bps |
| Jul 12, 2028Effective Jul 13, 2028 | 3.54% | 2 bps |
| Aug 30, 2028Effective Aug 31, 2028 | 3.56% | 2 bps |
| Oct 25, 2028Effective Oct 26, 2028 | 3.57% | 1 bps |
| Dec 6, 2028Effective Dec 7, 2028 | 3.57% | 0 bps |
| Jan 24, 2029Effective Jan 25, 2029 | 3.57% | 0 bps |
| Mar 14, 2029Effective Mar 15, 2029 | 3.57% | 0 bps |
| Apr 25, 2029Effective Apr 26, 2029 | 3.57% | 0 bps |
| Jun 6, 2029Effective Jun 7, 2029 | 3.57% | 0 bps |
| Jul 11, 2029Effective Jul 12, 2029 | 3.57% | 0 bps |
| Aug 29, 2029Effective Aug 30, 2029 | 3.57% | 0 bps |
| Sep 19, 2029Assumed continuation | 3.57% | No change |
| Oct 24, 2029Assumed continuation | 3.57% | No change |
| Dec 5, 2029Assumed continuation | 3.57% | No change |
| Jan 23, 2030Assumed continuation | 3.57% | No change |
| Mar 13, 2030Assumed continuation | 3.57% | No change |
| Apr 24, 2030Assumed continuation | 3.57% | No change |
| Jun 5, 2030Assumed continuation | 3.57% | No change |
| Jul 10, 2030Assumed continuation | 3.57% | No change |
| Aug 28, 2030Assumed continuation | 3.57% | No change |
| Oct 23, 2030Assumed continuation | 3.57% | No change |
| Dec 4, 2030Assumed continuation | 3.57% | No change |
| Jan 22, 2031Assumed continuation | 3.57% | No change |
| Mar 12, 2031Assumed continuation | 3.57% | No change |
| Apr 23, 2031Assumed continuation | 3.57% | No change |
| Jun 4, 2031Assumed continuation | 3.57% | No change |
| Jul 9, 2031Assumed continuation | 3.57% | No change |
| Aug 27, 2031Assumed continuation | 3.57% | No change |
Notes
- Bundled calibrated snapshot. Used only if live refresh fails and freshness checks pass.
- Quote timestamps: COA October 2, 2026 at 10:43 a.m.; CRA October 2, 2026 at 10:43 a.m..
- Market contract coverage ends 2029-09-19; subsequent rates are an assumed flat continuation, not a market forecast.
- 15 independent price constraints for 25 parameters (24 future meeting levels and one future CORRA-policy basis). Meeting estimates are model-dependent, not uniquely identified.
- Quote filter: two-sided spread no wider than 2 bp and open interest at least 100. Zero daily volume alone does not exclude an otherwise eligible quote.
- Repricing tolerance: half bid/ask width plus one half-basis-point tick. Future calendar dates after 2027 are projected.
- Latest target 2.25%; common future CORRA-policy basis 3.38 bp (jointly-calibrated); observed basis 5.00 bp.