Fixed Rate Apex
Lock in your future. These are the definitive top 3 fixed rates designed to keep your payments predictable.
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The Stability Shortlist
| Term | Best Rate | 2nd Best Rate | 3rd Best Rate |
|---|---|---|---|
|
5
Years
Fixed
|
3.89%
5-Year · Fixed
Save $1,381 vs 2nd Best
Save $2,073 vs 3rd Best |
3.99%
5-Year · Fixed
Costs $1,381 more than Best
Save $691 vs 3rd Best |
4.04%
5-Year · Fixed
Costs $2,073 more than Best
Costs $691 more than 2nd |
|
4
Years
Fixed
|
4.24%
4-Year · Fixed
Save $559 vs 2nd Best
Save $559 vs 3rd Best |
4.29%
4-Year · Fixed
Costs $559 more than Best
Save $0 vs 3rd Best |
4.29%
4-Year · Fixed
Costs $559 more than Best
Costs $0 more than 2nd |
|
3
Years
Fixed
|
3.99%
3-Year · Fixed
Save $421 vs 2nd Best
Save $841 vs 3rd Best |
4.04%
3-Year · Fixed
Costs $421 more than Best
Save $421 vs 3rd Best |
4.09%
3-Year · Fixed
Costs $841 more than Best
Costs $421 more than 2nd |
|
2
Years
Fixed
|
4.24%
2-Year · Fixed
Save $282 vs 2nd Best
Save $282 vs 3rd Best |
4.29%
2-Year · Fixed
Costs $282 more than Best
Save $0 vs 3rd Best |
4.29%
2-Year · Fixed
Costs $282 more than Best
Costs $0 more than 2nd |
|
1
Year
Fixed
|
4.10%
1-Year · Fixed
Save $142 vs 2nd Best
Save $1,817 vs 3rd Best |
4.15%
1-Year · Fixed
Costs $142 more than Best
Save $1,675 vs 3rd Best |
4.74%
1-Year · Fixed
Costs $1,817 more than Best
Costs $1,675 more than 2nd |
Unlock the Power of Prepayment
See how adding just a little extra to your monthly payment can help you become mortgage-free years sooner and save a fortune in interest.
Your Scenario
Look Beyond the Rate
When the top rates are this close, the best deal is in the details.
A great mortgage has features that fit your life. Before you decide, check for these three key things:
-
Fair Prepayment Penalties Does the lender use a fair calculation if you need to break your mortgage early? The Interest Rate Differential (IRD) can vary significantly between lenders.
-
Generous Prepayment Privileges Can you make extra payments to become mortgage-free faster? Look for "15/15" or "20/20" options to save thousands in interest.
-
Mortgage Portability Can you take your mortgage with you to a new home if you move? This feature can save you from having to pay a penalty.
Ready to See Your Personalized Rate?
Comparing is the first step. Now, let's find the best rate for your specific financial situation. Our simple wizard provides a personalized quote in minutes.
Mortgage Rates by Lender
Compare rates from Canada's top banks and credit unions.
Best Rates by Province
Compare regional lending criteria and exclusive local offers.
Key Comparison Insights
Get clear answers to the most important questions when you're comparing the top rates on the market.
The mortgage market is incredibly competitive. While big banks are major players, smaller lenders, credit unions, and monoline lenders (who only deal in mortgages) often have lower overhead costs. They can pass these savings on to consumers in the form of lower rates to win business. That's why it's so important to compare the entire market.
It matters a lot. Even a small difference of 0.10% can translate into thousands of dollars in interest savings over a 5-year term and tens of thousands over the life of your mortgage. When the top rates are this close, using a payment calculator to see the long-term impact is a crucial step in making the best financial decision.
Not necessarily. The mortgage with the absolute lowest rate might have very restrictive terms, such as high penalties for breaking the term early or limited prepayment privileges. The 'best' mortgage is a balance between a great rate and features that fit your life, like portability if you plan to move.
The top rates can change daily. Lenders adjust their rates based on the government bond market, their funding costs, and their competition. That's why it's a good idea to get a rate hold (typically 90-120 days) once you find a rate you're happy with. This protects you if rates go up before your closing date.
These top-tier rates are typically offered to applicants with strong credit scores and financials (often called 'A' lending). If you don't qualify, don't worry. There is a wide range of 'B' lenders and alternative solutions available. A mortgage broker is an expert at finding the right lender for every situation, even if your financial picture is less than perfect.