Estimated monthly payments at a ~4.5% rate over 25 years for common Canadian mortgage sizes. Each moves with the Bank of Canada rate.
At a ~4.5% rate over 25 years, monthly mortgage payments in Canada run from about $1,100 on a $200,000 loan to roughly $8,300 on a $1.5M loan. Because variable rates track the Bank of Canada's 2.25% policy rate, every payment shifts with each rate decision.