5 Year Fixed Rate

5 Year Fixed Rate

Rate

Provider

2.89%

jb_mortgages

Jerry Brar Mortgages

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2.64%

canwise-financial[1]

Canwise Financial

2.74%

mortgagepal-ca

MortgagePal.ca

2.79%

peoples-trust

People’s Trust

2.89%

equitable-bank2

Equitable Bank

2.92%

motusbank

motusbank

2.94%

hsbc

HSBC

2.94%

cmls-financial

CMLS Financial

2.94%

tangerine

Tangerine

2.96%

coast-capital

Coast Capital

2.99%

canadian-western-bank

Canadian Western Bank

3.09%

mcap

MCAP

3.19%

td-bank

TD Bank

3.19%

laurentian

Laurentian Bank

3.24%

scotiabank

Scotia Bank

3.29%

bank-of-montreal

Bank of Montreal

3.34%

simplii-financial

Simplii Financial ™

3.39%

rbc-royal-bank

RBC Royal Bank

3.39%

national-bank

National Bank

3.39%

cibc

CIBC

3.64%

industrial-alliance

Industrial Alliance

What is a 5 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.

5 year fixed mortgages are mortgage contracts that are fixed for 5 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

Historical 5 Year Fixed Rates

From 1994 to today

mortgage rates by:Ratehub.ca