Rates that set Brampton prices
The Bank of Canada policy rate is 2.25% (held September 02, 2026). Prime is 4.45% and the banks' posted 5-year rate is 6.09%. Next decisions: Oct 28, Dec 09.
Source: Bank of Canada. Posted rates are the banks' published rates; most borrowers qualify for lower discounted rates.
5-year mortgage rate, yearly average
Bank of Canada policy rate since 2015
Source: Bank of Canada Valet API (conventional 5-year mortgage rate; policy rate decisions).
Why rates matter for Brampton buyers
A 1-percentage-point change in the mortgage rate changes the monthly payment on a $700,000 mortgage by roughly $400, which moves what buyers can afford. Brampton's 2021 price peak came with record-low rates; the 2022 correction came as rates rose. Use the mortgage calculator to test your own numbers.
Buying or investing in Brampton?
Get the numbers for your street, your building or your pre-construction unit before you commit. Sandeep Pawar works with buyers and investors in English, Hindi, Punjabi, Urdu, Kannada and Telugu.