Rate
Provider
2.92%

Jerry Brar Mortgages
2.79%

Tangerine
2.84%
![canwise-financial[1] canwise-financial[1]](https://financebc.ca/wp-content/uploads/2019/02/canwise-financial1-75x75.png)
Canwise Financial
2.94%

Coast Capital
2.94%

motusbank
2.96%

TD Bank
2.96%

MortgagePal.ca
2.99%

Canadian Western Bank
3.14%

Scotia Bank
3.24%

Bank of Montreal
3.24%

CMLS Financial
3.35%

RBC Royal Bank
3.54%

Industrial Alliance
3.54%

People’s Trust
3.69%

HSBC
3.79%

Equitable Bank
3.84%

MCAP
3.89%

Simplii Financial
3.94%

CIBC
4.30%

National Bank
4.34%

Laurentian Bank
What is a 3 Year Fixed Mortgage
A fixed mortgage is a mortgage product where your rate is locked in over a certain term, the most common terms for fixed mortgages are 3, 5 and 10 years.
3 year fixed mortgages are mortgage contracts that are fixed for 3 years, after which the interest rate is re-negotiated between the mortgage holder and the lender. The short, three year rate term allows for fixed rate mortgages to take advantage of lowering interest rates in the market without having to rely on a variable rate mortgage