Best 5-year fixed rates — 3 lowest in our network
Best-in-network4.19%APR 4.19%
Best-in-network4.19%APR 4.19%
Best-in-network4.19%APR 4.19%
Rates illustrative; your file (credit, income, LTV) sets your personalized rate. See the full live board →
Best 5-year fixed rates — FAQ
What is the best 5-year fixed mortgage rate in Canada right now?
The best 5-year fixed rate in our 50+ lender network is approximately 4.19% as of May 13, 2026. Your personalized rate depends on your file — income, credit, loan-to-value, and property type. We shop every lender on one application to find your lowest.
Should I choose a 5-year fixed rate?
A 5-year fixed gives you payment certainty for the full term — your rate can't change. It's the most popular choice in Canada for budgeting peace of mind. The trade-off is a larger prepayment penalty (IRD) if you break early.
How is a Canadian 5-year fixed rate compounded?
Fixed Canadian mortgage rates compound semi-annually (not monthly like the US); variable rates accrue on the daily balance. Our payment calculator uses the exact Canadian convention so your numbers match the lender's.
Can I lock this rate before I buy?
Yes — most lenders offer a 90-120 day rate hold on a pre-approval, so a rising market can't catch you, and many honour a lower rate if they drop. Start a pre-approval (no bureau pull to begin) and we'll hold your best 5-year fixed rate.