5 Year Fixed Rate
Rate
Provider
2.89%

Jerry Brar Mortgages
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2.64%
![canwise-financial[1] canwise-financial[1]](https://financebc.ca/wp-content/uploads/2019/02/canwise-financial1-75x75.png)
Canwise Financial
2.74%

MortgagePal.ca
2.79%

People’s Trust
2.89%

Equitable Bank
2.92%

motusbank
2.94%

HSBC
2.94%

CMLS Financial
2.94%

Tangerine
2.96%

Coast Capital
2.99%

Canadian Western Bank
3.09%

MCAP
3.19%

TD Bank
3.19%

Laurentian Bank
3.24%

Scotia Bank
3.29%

Bank of Montreal
3.34%

Simplii Financial ™
3.39%

RBC Royal Bank
3.39%

National Bank
3.39%

CIBC
3.64%

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