FIXED MORTGAGE RATES

Stable payments, clearer planning

Compare fixed mortgage rates, term choices, estimated payments, and lender features to find an option that supports your budget and long-term plans.

Rates are current as of Canada
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Compare fixed mortgage rates with payment certainty

Fixed mortgage rates help borrowers lock in a predictable payment for the selected term. Use RateBuddy to compare fixed-rate options, estimated payments, interest costs, lender choices, and term lengths before starting a mortgage inquiry.

Compare Fixed Mortgage Rates in Canada

Live as of: August 17, 2026 | Canada

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
2.49 %
6 Months Fixed
6-Month Fixed Closed
Payment & interest estimate
Est. Monthly Payment $1,277
Interest in 5 years $32,860
Interest over 6 Months $3,527
Seamless mortgage solutions, tailored to you. Get your best rate, fast turnaround, and expert support.
Neo Financial
Interest rate
3.84 %
6 Months Fixed
6 Month Fixed Mortgage
Payment & interest estimate
Est. Monthly Payment $1,479
Interest in 5 years $51,299
Interest over 6 Months $5,445
Rate Guarantee: We guarantee your rate is in the best 1% of all rates in Canada. Find a lower rate and we will beat it or pay you $500 cash.
Butler Mortgage
Interest rate
3.89 %
6 Months Fixed
6 Month Fixed Mortgage
Payment & interest estimate
Est. Monthly Payment $1,487
Interest in 5 years $51,989
Interest over 6 Months $5,516
Get un$tuck with a member-exclusive rate and a cash bonus up to $4,100 with a mortgage and qualifying products.
Coast Capital Savings
Interest rate
3.89 %
5 Years Fixed
5 Year Fixed Mortgage
Payment & interest estimate
Est. Monthly Payment $1,487
Interest in 5 years $51,989
Rate Guarantee: We guarantee your rate is in the best 1% of all rates in Canada. Find a lower rate and we will beat it or pay you $500 cash.
Butler Mortgage
Interest rate
3.99 %
5 Years Fixed
5 Year Fixed Mortgage
Payment & interest estimate
Est. Monthly Payment $1,503
Interest in 5 years $53,370
Get un$tuck with a member-exclusive rate and a cash bonus up to $4,100 with a mortgage and qualifying products.
Coast Capital Savings
Interest rate
3.99 %
3 Years Fixed
3 Year Fixed Mortgage
Payment & interest estimate
Est. Monthly Payment $1,503
Interest in 5 years $53,370
Interest over 3 Years $32,907
Rate Guarantee: We guarantee your rate is in the best 1% of all rates in Canada. Find a lower rate and we will beat it or pay you $500 cash.
Butler Mortgage
Interest rate
4.04 %
3 Years Fixed
3 Year Fixed Mortgage
Payment & interest estimate
Est. Monthly Payment $1,511
Interest in 5 years $54,061
Interest over 3 Years $33,327
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Mortgage rates across Canada

Explore rates by province and city

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

7 markets
View all Alberta mortgage rates
10 markets
View all British Columbia mortgage rates
2 markets
View all Manitoba mortgage rates
3 markets
View all New Brunswick mortgage rates
2 markets
View all Newfoundland and Labrador mortgage rates
2 markets
View all Nova Scotia mortgage rates
18 markets
View all Ontario mortgage rates
2 markets
View all Prince Edward Island mortgage rates
9 markets
View all Quebec mortgage rates
3 markets
View all Saskatchewan mortgage rates
NORTH Northern Canada
3 markets
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Rates by lender

Compare mortgage rates by provider

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

Find Your Ideal Fixed Term

Choosing the right term length is as important as the rate itself. Instantly compare our most popular fixed-rate terms to find the perfect balance of stability and savings.

5-Year Fixed Rates 4-Year Fixed Rates 3-Year Fixed Rates
Explore All Fixed Terms

See How a Shorter Amortization Saves You Thousands

The biggest factor in the total cost of your mortgage isn't the rate—it's the time. Use the tool below to see the staggering difference in total interest paid between a standard and a shorter amortization.

Your Scenario
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Adjust the numbers above to see your personal savings.

Total Interest (30 Years)
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Total Interest (25 Years)
$0
Total Interest Savings: $0

Dive Deeper into Fixed Rates

Now that you've seen the top rates, see how they stack up in different scenarios. Our comparison tools make it easy to find the perfect fit for your financial plan.

Compare the Top 3 Fixed Rates Fixed vs. Variable Analysis
Illustration of a side-by-side comparison chart
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.

The Fixed-Rate Mortgage Guide

Everything you need to know to make a confident decision, all in one place.

The Power of Predictability
Pros & Cons
Choosing Your Term
Prepayment Penalties

A fixed-rate mortgage is your financial anchor in a fluctuating market. Your interest rate is locked in for the entire term you choose—typically 1 to 10 years. This guarantees your principal and interest payments will not change, offering unparalleled stability and making it simple to budget for your biggest expense.

It's the most popular choice for Canadians who value security and peace of mind.

Advantages:
  • Payment Stability: Your payments never change.
  • Budgeting Simplicity: You always know your biggest expense.
  • Rate-Hike Protection: You are completely shielded if market rates go up.
Considerations:
  • Higher Initial Rate: Typically starts slightly higher than a variable rate.
  • Potential Penalties: Breaking the term early can result in significant prepayment penalties.

The term you choose is a key part of your financial strategy. A shorter term (1-3 years) is great for flexibility if you think rates will drop or you might move. The 5-year term is the Canadian standard, offering a great balance of stability and competitive rates. A longer term (7-10 years) provides maximum peace of mind, perfect for those in their 'forever home'.

This is the most important thing to understand. If you break a fixed-rate mortgage early, the penalty is usually the greater of 3 months' interest or the Interest Rate Differential (IRD).

The IRD compares your rate to your lender's current rates and can be very expensive, sometimes costing tens of thousands of dollars. Always ask how this is calculated before you sign.

Your Strategic Toolkit

Go beyond the rate. Use these essential tools to understand the full financial picture of your fixed-rate mortgage.

Closing Cost Calculator

Uncover the hidden costs of buying a home, including land transfer taxes and legal fees.
Rate Sensitivity Calculator

See how your payments could be affected by future rate changes when it's time to renew.
Bi-Weekly Payment Calculator

Discover how changing your payment frequency can help you pay off your mortgage years sooner.
Other Resources
Fixed vs. Variable Guide Mortgage Affordability Calculator View All Tools & Calculators
Tools and guidance

Plan your next mortgage decision

Estimate payments, test affordability, understand mortgage costs and explore practical guidance before taking your next step.

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How to compare fixed mortgage rates in Canada

A fixed mortgage rate keeps your interest rate and regular payment predictable for the selected term. This can be helpful when you want budget certainty, protection from rate increases, or a clear payment plan during the first years of home ownership.

What to compare beyond the rate

The lowest fixed rate is not always the best mortgage. Compare the term length, prepayment privileges, portability, penalties, lender type, qualification rules, and estimated interest cost before choosing an option.

Who fixed rates may suit

Fixed mortgage rates may suit buyers, renewers, and refinancers who prefer stable payments and less exposure to rate changes. Use the filters above to test different price, down payment, amortization, and payment frequency scenarios.

Advanced mortgage tools

Explore more ways to plan your mortgage

Compare borrowing strategies, test qualification scenarios and understand the longer-term financial impact of your mortgage decisions.

Explore all financial calculators

Your Fixed Rate Questions, Answered

Get clear, professional answers to the most important questions about fixed-rate mortgages in Canada.

A fixed-rate mortgage is a loan where the interest rate is locked in for the entire length of your term (e.g., 5 years). This means your principal and interest payments are predictable and will not change, protecting you completely from market rate hikes and making budgeting simple.
A fixed rate is the ideal choice for homebuyers who prioritize stability and predictability. It's perfect for first-time buyers, those on a set budget, or anyone who wants peace of mind knowing their largest monthly payment will never unexpectedly increase.
Breaking a fixed-rate mortgage typically incurs a significant prepayment penalty. This is usually the greater of either three months' interest or a complex calculation called the Interest Rate Differential (IRD). The IRD can be very costly, so it's a key factor to consider if you think you might sell or refinance before your term is up.
Most lenders in Canada will offer a rate hold for 90 to 120 days. This means they guarantee your approved fixed rate while you finalize your home purchase. If market rates go up during that time, you're protected. If they go down, many lenders will offer you the lower rate.
It's a strategic trade-off. A **shorter term (1-3 years)** offers flexibility and is great if you expect rates to fall. The **5-year term** is the Canadian standard, offering a great balance of stability and competitive rates. A **longer term (7-10 years)** provides maximum peace of mind but often comes with a slightly higher rate and a larger potential penalty.
A fixed rate offers certainty, while a variable rate offers potential savings. Variable rates are often initially lower than fixed rates but can change with the market. A fixed rate costs a little more for the insurance of knowing your payment will never change during the term.
When your term ends, you must renew your mortgage. Your current lender will send you a renewal offer, but you are not obligated to accept it. This is a crucial opportunity to shop around and switch to a new lender who can offer you a better rate, potentially saving you thousands.

Your Path to a Predictable Mortgage Starts Here.

Take the guesswork out of finding a great fixed rate. Our simple wizard helps you compare personalized offers from top lenders in minutes. No commitment, just clarity.

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