Currency Converter.
Toronto luxury pricing in your home currency. Mid-market rates from the Bank of Canada, with the spread your bank will charge made explicit.
Mid-market, noon-fix.
A real estate transaction is not an FX retail trade. The wire your bank sends, on deal day, will land 1.5%–3% worse than mid-market. Plan accordingly.
Mid-marketis the rate at which banks transact among themselves — what shows on Bloomberg or Reuters. It is the cleanest reference for “what is this property worth in my currency?”
Retail / wire is what you actually pay. Spreads vary by bank, currency pair, and transfer size. Smaller currencies (HKD, INR, AED) and exotic pairs cost more. CAD/USD is usually the tightest at 0.5%–1.5% on luxury-size wires; CAD/CNY can be 2%–4%.
Negotiate the rate. On a $5M CAD inbound, a 1.5% spread improvement is $75,000. Most private bankers will sharpen the rate if you ask before booking the wire — but only if you ask.
Frequently asked.
What rate does this calculator use?
Mid-market reference rates from the Bank of Canada noon-fix series, dated 2026-04-27. AED is derived from BoC USD/CAD multiplied by the UAE Central Bank's fixed dirham/USD peg of 3.6725 (unchanged since 1997). These are reference rates — not what your bank quotes for an actual transfer.
Why is my bank quoting me a different rate?
Banks add a spread on retail and wire transactions, typically 1.5%–3% worse than mid-market for major currencies, and sometimes 4%+ on smaller currencies. On a $5M CAD wire to USD, a 2% spread means $100K CAD goes to the bank, not your sender. Always negotiate with your private banker for a sharper rate on luxury-scale transfers.
How often are these rates updated?
These rates are seeded from the Bank of Canada Valet API and reviewed periodically. The "Reviewed" date in the calculator card indicates when the rates were last verified. For deal-day pricing, ask Ryan for a quote tied to your actual wire date — rates can move 1%+ in a day during volatile periods.
Can I model my bank's actual quoted rate?
A custom-rate field is on the next iteration. For now, use the displayed mid-market as a benchmark and apply your bank's spread separately. Reach out if you need a deal-day quote walked through.
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