Fixed Rate Explorer

4-Year Fixed Mortgage Rates

Compare 4-year fixed mortgage rates in Canada. Select another term below to review fixed-rate options by term length.

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Compare fixed mortgage terms before locking in your rate

Fixed mortgage terms can affect your rate, payment stability, prepayment flexibility, and renewal timing. Use RateBuddy to compare fixed rates by term length, including short-term and longer-term options, before deciding which mortgage term fits your budget and plans.

4-Year fixed mortgage rate options

Use the payment filters to estimate costs for this fixed term. RateBuddy shows current fixed mortgage rate options with lender details, estimated payments, and term-specific interest insights.

Customize your mortgage scenario

Adjust the purchase price, down payment, amortization, and payment frequency to see how your estimated mortgage payments change across the rate options below.

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Yrs
Tip: Use the filter to compare payment impact quickly. Even a small rate difference can change your estimated payment and total interest over time.
We guarantee your best rate or we will give you $500! Save thousands with our volume-discounted rates.
True North Mortgage Inc
Interest rate
4.29 %
4 Years Fixed
4 Year Fixed Mortgage
Payment & interest estimate
Est. Monthly Payment $1,550
Interest in 5 years $57,525
Interest over 4 Years $46,640
Clients save an average of $3,187 when they choose Pine. For a limited time, refer a friend and you both get up to $1,000.
Pine
Interest rate
4.39 %
4 Years Fixed
4 Year Fixed Mortgage
Payment & interest estimate
Est. Monthly Payment $1,566
Interest in 5 years $58,913
Interest over 4 Years $47,758
Eligible borrowers can unlock up to $6,000 cash back or receive the lowest rate when securing a new mortgage or transferring an existing one to ATB.
ATB Financial
Interest rate
4.39 %
4 Years Fixed
4 Year Residential Mortgage High-Ratio
Payment & interest estimate
Est. Monthly Payment $1,566
Interest in 5 years $58,913
Interest over 4 Years $47,758
Seamless mortgage solutions, tailored to you. Get your best rate, fast turnaround, and expert support.
Neo Financial
Interest rate
4.39 %
4 Years Fixed
4 Year Fixed Mortgage
Payment & interest estimate
Est. Monthly Payment $1,566
Interest in 5 years $58,913
Interest over 4 Years $47,758
Commission-free mortgage experts providing honest advice and competitive rates through a 100% digital, transparent process.
Nesto
Interest rate
4.44 %
4 Years Fixed
4 Year Fixed Mortgage
Payment & interest estimate
Est. Monthly Payment $1,574
Interest in 5 years $59,608
Interest over 4 Years $48,318
Eligible borrowers can unlock up to $6,000 cash back or receive the lowest rate when securing a new mortgage or transferring an existing one to ATB.
ATB Financial
Interest rate
4.49 %
4 Years Fixed
4 Year Residential Mortgage Conventional
Payment & interest estimate
Est. Monthly Payment $1,583
Interest in 5 years $60,303
Interest over 4 Years $48,877
Eligible existing clients may receive a preferred mortgage rate discount. Log in or speak to a dedicated Mortgage Specialist to explore your options.
Tangerine Bank
Interest rate
4.49 %
4 Years Fixed
4 Year Fixed Mortgage
Payment & interest estimate
Est. Monthly Payment $1,583
Interest in 5 years $60,303
Interest over 4 Years $48,877
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Mortgage rates across Canada

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Find national mortgage offers and rates available in your province, then explore a page designed for your local market.

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NORTH Northern Canada
3 markets
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Rates by lender

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Explore mortgage rate information from major Canadian banks, regional institutions and credit unions. Compare more than the advertised rate before choosing a provider.

How to Choose the Right Fixed Term

Choosing a term is about balancing your need for stability with your future plans. Here’s a simple guide to help you decide:

Short Terms (1-3 Years)

Best for flexibility. Choose a shorter term if you believe rates might drop soon, or if you anticipate selling your home or refinancing within the next few years. This helps you avoid potentially large prepayment penalties.

The 5-Year Term

The most popular choice in Canada. A 5-year term offers a great balance of stability and a competitive interest rate. It's the "gold standard" and an excellent option for most first-time home buyers and those looking for predictability.

Long Terms (7-10 Years)

Best for maximum stability. If you're in your "forever home" and want to lock in a rate for the long haul, this provides ultimate peace of mind. Your payments are set for up to a decade, protecting you completely from rate hikes.

Pro Tip: What if You Move?

The biggest risk of a long term is needing to move before it ends. To avoid huge penalties, ask if the mortgage is "portable". A portable mortgage lets you take your existing rate and term with you to a new property, saving you thousands. It's a crucial feature for long-term flexibility.

Example Penalty on a $400,000 Mortgage:

3 Months' Interest Based on your contract rate (e.g., 5.0%). ~$5,000
IRD Penalty Based on the difference between your rate and current rates. ~$12,500+

In this case, the lender would charge the higher IRD penalty.

Understand the Penalty

Before choosing a longer term for its stability, always ask your lender how the **prepayment penalty** is calculated if you need to break your mortgage early.

For fixed-rate mortgages, this penalty is often the greater of 3 months' interest or the **Interest Rate Differential (IRD)**. The IRD can be very expensive, so it's a crucial factor to consider.

Find your mortgage path

Explore mortgage options based on what matters to you

Compare rates by structure, mortgage goal, term and market scenario without navigating through an oversized menu.

How to compare fixed mortgage terms in Canada

Fixed mortgage terms let you lock in an interest rate for a set period, usually from 1 year to 10 years. Shorter fixed terms may offer more renewal flexibility, while longer fixed terms can provide more payment stability and protection from rate increases.

What changes when you choose a different fixed term?

The mortgage term can affect your rate, renewal date, penalty exposure, prepayment flexibility, and how long your payment stays predictable. A lower rate may look attractive, but the right term also depends on your plans to move, refinance, renew, or make extra payments.

Who may prefer shorter fixed mortgage terms?

Shorter fixed terms may suit borrowers who want flexibility, expect rates to change, may sell soon, or do not want to commit to a longer mortgage term. They can also be useful when you want to reassess your mortgage sooner.

Who may prefer longer fixed mortgage terms?

Longer fixed terms may suit borrowers who value predictable payments and want to reduce renewal risk. Before choosing a longer term, compare the rate difference, penalty rules, portability, and prepayment options to make sure the stability is worth the commitment.

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Frequently Asked Questions

The 5-year fixed-rate mortgage is by far the most popular choice for Canadian homeowners. It offers a great balance of stability with a term that isn't excessively long, aligning well with many people's financial planning cycles.

You might choose a shorter term (like 2 or 3 years) if you expect interest rates to decrease in the near future. This allows you to renew sooner at a potentially lower rate. It's also a good option if you think you might sell your home or want to refinance before the 5-year mark, as breaking a shorter-term mortgage often results in a lower penalty.
Tools and guidance

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