Current market conditions are being driven by the continued increase in the overnight lending rates by the Bank of Canada. Bond yields have gone up, slightly increasing the fixed rates. Variable rates are still the same until the next Bank of Canada announcement on July 13th, 2022.
As a quick snapshot, here are some sample rates from a local Mortgage Broker:
Prime Rate: 3.70%
Variable: 2.65%
3-Year Fixed: 4.29%
5-Year Fixed: 4.34%