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Real vs. Advertised Rate Spread
See how actual rates compare to advertised rates at each Big 5 bank, broken down by 3-year and 5-year terms.
Weekly Rates Report
The real mortgage rates
What mortgage rates are borrowers actually getting at Canada's Big 5 banks? Every week, WOWA Data Labs publishes the results of a survey of real mortgage applicants from the past four weeks — revealing the rates borrowers were actually offered, with a two-week lag, and how they compare to each bank's advertised rates.
June 8, 2026 Report — 3-Year Fixed Conventional
BankReal RateAdvertisedSpreadvs Last Wk
RBC3.89%4.72%83 bps+4 bps
TD4.17%4.62%45 bps+4 bps
Scotia4.26%5.96%170 bps+7 bps
BMO4.03%4.74%71 bps−7 bps
CIBC4.01%4.68%67 bps0 bpsSubscribe to unlock all banks, 5-year rates, insured vs. conventional breakdowns, and historical trends.
- Weekly
- New report every week
- Big 5
- Canadian banks covered
- 40+
- Lenders tracked for advertised rate changes
What's Inside
Exclusive data you won't find anywhere else
Each weekly report is a complete snapshot of what's really happening in the Canadian mortgage market, built from primary survey data, not scraped advertised rates.
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Bank-by-Bank Histograms
See the full distribution of rates borrowers actually received, not just averages. Spot which banks are cutting rates to win more business.
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Week-over-Week Trends
Track real rate movement across a four-week rolling window. Know when rates are tightening before clients even call you.
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Insured vs. Conventional
Separate analysis for insured and conventional mortgages, both 3-year and 5-year fixed, covering the full product spectrum.
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Advertised Rate Changes Across 40+ Lenders
A running log of every lender that changed its advertised rate that week, so you're never caught off-guard in client conversations.
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General Insights & Commentary
Concise analysis of what the data means: which term has the better deal this week, which bank moved, and what to watch next.
Inside the Report
Bank-by-bank rate distributions
See the full distribution of rates borrowers actually received, not just averages. Spot which banks are cutting rates to win more business.
TD — 3-Yr Fixed Conventional · June 22, 2026 Report · Sample
Subscribers receive histograms for all Big 5 banks across all tracked terms each week.
Methodology
How we collect the data
Our data comes from real borrowers, not websites. Here's how it works.
1
Weekly Survey
We survey mortgage applicants who are nearing the closing of a home purchase or have received approval at a Big 5 bank, as well as refinance cases where borrowers are switching lenders, capturing their actual rate.
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Data Cleaning
Responses are screened for completeness and consistency. We exclude outliers and any responses that appear inaccurate or were completed hastily.
Pricing
One report. Priced by organization size.
Every subscriber gets the exact same weekly report, full data, all banks, all rate types. Pricing simply scales with the size of your organization.
Small Organization
$300/mo
Under 200 employees
- Full weekly report every Monday
- All Big 5 banks, all rate types
- Bank-by-bank histogram distributions
- Advertised rate change log (40+ lenders)
- Weekly insights & commentary
Mid-Size Organization
$600/mo
200–2,000 employees
- Full weekly report every Monday
- All Big 5 banks, all rate types
- Bank-by-bank histogram distributions
- Advertised rate change log (40+ lenders)
- Weekly insights & commentary
Save 70% · first 6 months
Enterprise
$600/mo
$2,000/mo after 6 months
2,000+ employees- Full weekly report every Monday
- All Big 5 banks, all rate types
- Bank-by-bank histogram distributions
- Advertised rate change log (40+ lenders)
- Weekly insights & commentary
- API access to advertised rates
Start getting the real picture every week
Join mortgage brokers and lenders who rely on WOWA Data Labs for ground-truth rate intelligence.
View our packages