Rate-hold countdown

When your held rate expires, and what a move in rates before then would do.

FCAC: 60 to 130 days depending on the lender; RBC, TD, CIBC and National Bank state up to 120, BMO 130, nesto 150. Your letter decides.
Valid until 2027-02-12103 days leftRBC says its guarantee expires if the mortgage isn't funded within the hold; CIBC's applies to fixed rates while your finances don't change. Check your own letter.
Held3.92%today 4.12%
Payment at held rate
$2,713
Payment at today's rate
$2,769
+$56/month
Max price, held rate
$625,300
qualifying 5.92%
Max price, today's rate
$615,800
qualifying 6.12%
Your hold is protecting youRates have risen since your hold. Make sure the purchase can fund before it ends, or ask about an extension in writing.

Estimate, not advice. Educational estimate only, not financial, mortgage, tax or legal advice. Lenders, insurers and governments set their own rules and can change them; confirm with a licensed professional before you decide.

Hold ends 2027-02-12 (103 days). At today's rate the payment is $56 higher a month.

Monthly payment if rates move before closingPayment on $520,000 at the held rate plus or minus each move.$0$1,250$2,500$3,750$5,000-0.50-0.250.00+0.25+0.50+0.75+1.00
Show the numbers
Monthly payment if rates move before closing
Payment
-0.50$2,574
-0.25$2,643
0.00$2,713
+0.25$2,783
+0.50$2,855
+0.75$2,927
+1.00$3,001
Assumptions & sources

Assumptions

  • Expiry = issue date + hold length. Your letter's own date and conditions govern.
  • Payments use semi-annual compounding; maximum price uses the stress test at each rate.

Sources

  1. Financial Consumer Agency of Canada — Getting a mortgage pre-approval (rate lock 60 to 130 days) (effective October 15, 2025). Checked .
  2. RBC Royal Bank — Getting pre-approved (rate guaranteed up to 120 days; online is a soft check). Checked .
  3. TD — Mortgage pre-approval (rate held 120 days; no score impact online). Checked .
  4. CIBC — Mortgage pre-approval (up to 120 days from the certificate date, fixed rates). Checked .
  5. OSFI — Minimum qualifying rate for uninsured mortgages (Guideline B-20). Checked .
  6. Department of Finance Canada — Statement on the insured mortgage stress test (effective December 12, 2023). Checked .
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