{"id":14467,"date":"2022-10-28T12:39:51","date_gmt":"2022-10-28T19:39:51","guid":{"rendered":"https:\/\/www.nerdwallet.com\/ca\/?page_id=14467"},"modified":"2025-06-09T07:32:47","modified_gmt":"2025-06-09T14:32:47","slug":"best-5-year-fixed-mortgage-rates-in-canada","status":"publish","type":"page","link":"https:\/\/www.nerdwallet.com\/ca\/mortgages\/best-5-year-fixed-mortgage-rates-in-canada","title":{"rendered":"5-Year Fixed Mortgage Rates"},"content":{"rendered":"\t\t<div class=\"mortgage-rate-tables nw-block nwb-mortgage-rate-tables nwb-mortgage-rate-tables-ca wp-block-nerdwallet-blocks-mortgage-rate-tables\">\n\t\t\t<div style=\"margin-bottom: 8px;\"><strong>Rates updated: <time datetime=\"2026-04-11\">April 11, 2026<\/time><\/strong><\/div>\n\t\t\t<form class=\"mrt-form\">\n\t\t\t\t<div class=\"filters wp-block-columns is-layout-flex\">\n\t\t\t\t\t<input type=\"hidden\" class=\"i-hidden i-attributes \" name=\"attributes\" value=\"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\"><input type=\"hidden\" class=\"i-hidden i-country \" name=\"country\" value=\"ca\"><input type=\"hidden\" class=\"i-hidden i-page_size \" name=\"page_size\" value=\"7\"><input type=\"hidden\" class=\"i-hidden i-page_offset \" name=\"page_offset\" value=\"1\"><input type=\"hidden\" class=\"i-hidden i-lender \" name=\"lender\"><div class=\"form-group wrap-mortgage-type wp-block-column is-layout-flow\"><label for=\"mortgage_type\" id=\"lbl-mortgage_type\">Mortgage Type <a class=\"nw-tooltip\" title=\"The purpose of your mortgage.\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"15\" height=\"15\" aria-hidden=\"true\" focusable=\"false\" fill=\"#000000\" viewBox=\"0 0 256 256\"><path d=\"M140,180a12,12,0,1,1-12-12A12,12,0,0,1,140,180ZM128,72c-22.06,0-40,16.15-40,36v4a8,8,0,0,0,16,0v-4c0-11,10.77-20,24-20s24,9,24,20-10.77,20-24,20a8,8,0,0,0-8,8v8a8,8,0,0,0,16,0v-.72c18.24-3.35,32-17.9,32-35.28C168,88.15,150.06,72,128,72Zm104,56A104,104,0,1,1,128,24,104.11,104.11,0,0,1,232,128Zm-16,0a88,88,0,1,0-88,88A88.1,88.1,0,0,0,216,128Z\"><\/path><\/svg><\/a><\/label><select class=\"form-control nw-input i-select i-mortgage_type \" name=\"mortgage_type\" title=\"Mortgage Type\" type=\"select\"><option value=\"purchase\" selected=\"selected\" >Purchase<\/option><option value=\"remortgage\"  >Refinance<\/option><option value=\"switch\"  >Renewal\/Switch<\/option><\/select><\/div><div class=\"form-group wrap-house-price wp-block-column is-layout-flow form-group-amount\" data-currency=\"$\"><label for=\"house_price\" id=\"lbl-house_price\">Property Value <a class=\"nw-tooltip\" title=\"Price of the property you want to buy, or market value of a property you own.\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"15\" height=\"15\" aria-hidden=\"true\" focusable=\"false\" fill=\"#000000\" viewBox=\"0 0 256 256\"><path d=\"M140,180a12,12,0,1,1-12-12A12,12,0,0,1,140,180ZM128,72c-22.06,0-40,16.15-40,36v4a8,8,0,0,0,16,0v-4c0-11,10.77-20,24-20s24,9,24,20-10.77,20-24,20a8,8,0,0,0-8,8v8a8,8,0,0,0,16,0v-.72c18.24-3.35,32-17.9,32-35.28C168,88.15,150.06,72,128,72Zm104,56A104,104,0,1,1,128,24,104.11,104.11,0,0,1,232,128Zm-16,0a88,88,0,1,0-88,88A88.1,88.1,0,0,0,216,128Z\"><\/path><\/svg><\/a><\/label><input type=\"text\" class=\"form-control nw-input i-text i-house_price \" name=\"house_price\" value=\"500,000\" title=\"Property Value\" placeholder=\"Property Value\" maxlength=\"11\" type=\"amount\"><\/div><div class=\"form-group wrap-down-payment wp-block-column is-layout-flow mortgage-type-purchase form-group-amount\" data-currency=\"$\"><label for=\"down_payment\" id=\"lbl-down_payment\">Down Payment <a class=\"nw-tooltip\" title=\"A percentage of the purchase price that is paid upfront.\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"15\" height=\"15\" aria-hidden=\"true\" focusable=\"false\" fill=\"#000000\" viewBox=\"0 0 256 256\"><path d=\"M140,180a12,12,0,1,1-12-12A12,12,0,0,1,140,180ZM128,72c-22.06,0-40,16.15-40,36v4a8,8,0,0,0,16,0v-4c0-11,10.77-20,24-20s24,9,24,20-10.77,20-24,20a8,8,0,0,0-8,8v8a8,8,0,0,0,16,0v-.72c18.24-3.35,32-17.9,32-35.28C168,88.15,150.06,72,128,72Zm104,56A104,104,0,1,1,128,24,104.11,104.11,0,0,1,232,128Zm-16,0a88,88,0,1,0-88,88A88.1,88.1,0,0,0,216,128Z\"><\/path><\/svg><\/a><\/label><input type=\"text\" class=\"form-control nw-input i-text i-down_payment \" name=\"down_payment\" value=\"50,000\" title=\"Down Payment\" placeholder=\"Down Payment\" maxlength=\"11\" type=\"amount\"><\/div><div class=\"form-group wrap-mortgage-balance wp-block-column is-layout-flow mortgage-type-refinance d-none form-group-amount\" data-currency=\"$\"><label for=\"mortgage_balance\" id=\"lbl-mortgage_balance\">Mortgage Balance<\/label><input type=\"text\" class=\"form-control nw-input i-text i-mortgage_balance \" name=\"mortgage_balance\" value=\"400,000\" title=\"Mortgage Balance\" placeholder=\"Mortgage Balance\" maxlength=\"11\" type=\"amount\"><\/div><div class=\"form-group wrap-province wp-block-column is-layout-flow\"><label for=\"province\" id=\"lbl-province\">Province<\/label><select class=\"form-control nw-input i-select i-province \" name=\"province\" title=\"Province\" type=\"select\"><option value=\"AB\"  >Alberta<\/option><option value=\"BC\"  >British Columbia<\/option><option value=\"MB\"  >Manitoba<\/option><option value=\"NB\"  >New Brunswick<\/option><option value=\"NL\"  >Newfoundland and Labrador<\/option><option value=\"NT\"  >Northwest Territories<\/option><option value=\"NS\"  >Nova Scotia<\/option><option value=\"NU\"  >Nunavut<\/option><option value=\"ON\" selected=\"selected\" >Ontario<\/option><option value=\"PE\"  >Prince Edward Island<\/option><option value=\"SK\"  >Saskatchewan<\/option><option value=\"QC\"  >Quebec<\/option><option value=\"YT\"  >Yukon<\/option><\/select><\/div>\t\t\t\t\t<div class=\"wp-block-column is-layout-flow wrap-submit-button\">\n\t\t\t\t\t\t<div class=\"wp-block-button \">\n\t\t\t\t\t\t\t<button type=\"submit\" class=\"btnSubmit track-submission wp-block-button__link wp-element-button full-width\">UPDATE RESULTS<\/button>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\n\t\t\t\t<div class=\"table-with-sidebar wp-block-columns is-layout-flex\">\n\t\t\t\t\t<div class=\"wp-block-column is-layout-flow\">\n\t\t\t\t\t\t<div class=\"wrap-table-registers\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t<div class=\"show-result-number-wrapper\">\n\t\t\t<p><strong class=\"mrt-count\">No results<\/strong><\/p>\n\t\t\t\t\t<\/div>\n\n\t\t<p><\/p>\n\n\t\t<table class=\"mrt-table mrt-table-ca\">\n\t\t\t<thead>\n\t\t\t\t<tr>\n\t\t\t\t\t<th class=\"th-rate\"> <a class=\"nw-tooltip\" title=\"A fee charged to borrow money. Expressed as a percentage of the amount borrowed.\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"15\" height=\"15\" aria-hidden=\"true\" focusable=\"false\" fill=\"#000000\" viewBox=\"0 0 256 256\"><path d=\"M140,180a12,12,0,1,1-12-12A12,12,0,0,1,140,180ZM128,72c-22.06,0-40,16.15-40,36v4a8,8,0,0,0,16,0v-4c0-11,10.77-20,24-20s24,9,24,20-10.77,20-24,20a8,8,0,0,0-8,8v8a8,8,0,0,0,16,0v-.72c18.24-3.35,32-17.9,32-35.28C168,88.15,150.06,72,128,72Zm104,56A104,104,0,1,1,128,24,104.11,104.11,0,0,1,232,128Zm-16,0a88,88,0,1,0-88,88A88.1,88.1,0,0,0,216,128Z\"><\/path><\/svg><\/a> <h3>Rate<\/h3><\/th><th class=\"th-lender\"> <h3>Lender<\/h3><\/th><th class=\"th-payment\"> <a class=\"nw-tooltip\" title=\"Principal and interest due each month.\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"15\" height=\"15\" aria-hidden=\"true\" focusable=\"false\" fill=\"#000000\" viewBox=\"0 0 256 256\"><path d=\"M140,180a12,12,0,1,1-12-12A12,12,0,0,1,140,180ZM128,72c-22.06,0-40,16.15-40,36v4a8,8,0,0,0,16,0v-4c0-11,10.77-20,24-20s24,9,24,20-10.77,20-24,20a8,8,0,0,0-8,8v8a8,8,0,0,0,16,0v-.72c18.24-3.35,32-17.9,32-35.28C168,88.15,150.06,72,128,72Zm104,56A104,104,0,1,1,128,24,104.11,104.11,0,0,1,232,128Zm-16,0a88,88,0,1,0-88,88A88.1,88.1,0,0,0,216,128Z\"><\/path><\/svg><\/a> <h3>Monthly Payment<\/h3><\/th>\t\t\t\t\t<th class=\"th-cta\">&nbsp;<\/th>\n\t\t\t\t<\/tr>\n\t\t\t<\/thead>\n\t\t\t<tbody class=\"mrt-tbody-registers\">\n\t\t\t\t\t\t<tr>\n\t\t\t<td colspan=\"5\">\n\t\t\t\t<div class=\"mrt-api-error\">\n\t\t\t\t\t<p style=\"text-align:center;\">We&#039;re currently experiencing technical difficulties. Please be assured that we are working to resolve this issue promptly. Try refreshing the page in a few moments. We apologise for any inconvenience and thank you for your patience.<\/p>\n\t\t\t\t<\/div>\n\t\t\t<\/td>\n\t\t<\/tr>\n\t\t\t\t\t<\/tbody>\n\t\t\t<tbody class=\"mrt-skeleton\">\n\t\t\t\t\t\t\t\t\t<tr>\n\t\t\t\t\t\t<td><span><\/span><span class=\"sk-sm\"><\/span><\/td>\n\t\t\t\t\t\t<td><span class=\"sk-logo\"><\/span><span><\/span><\/td>\n\t\t\t\t\t\t<td><span><\/span><span class=\"sk-sm\"><\/span><\/td>\n\t\t\t\t\t\t<td><span><\/span><span class=\"sk-sm\"><\/span><\/td>\n\t\t\t\t\t\t<td><span><\/span><span class=\"sk-sm\"><\/span><\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t\t\t\t\t<tr>\n\t\t\t\t\t\t<td><span><\/span><span class=\"sk-sm\"><\/span><\/td>\n\t\t\t\t\t\t<td><span class=\"sk-logo\"><\/span><span><\/span><\/td>\n\t\t\t\t\t\t<td><span><\/span><span class=\"sk-sm\"><\/span><\/td>\n\t\t\t\t\t\t<td><span><\/span><span class=\"sk-sm\"><\/span><\/td>\n\t\t\t\t\t\t<td><span><\/span><span class=\"sk-sm\"><\/span><\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t\t\t\t\t<tr>\n\t\t\t\t\t\t<td><span><\/span><span class=\"sk-sm\"><\/span><\/td>\n\t\t\t\t\t\t<td><span class=\"sk-logo\"><\/span><span><\/span><\/td>\n\t\t\t\t\t\t<td><span><\/span><span class=\"sk-sm\"><\/span><\/td>\n\t\t\t\t\t\t<td><span><\/span><span class=\"sk-sm\"><\/span><\/td>\n\t\t\t\t\t\t<td><span><\/span><span class=\"sk-sm\"><\/span><\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t\t\t<\/tbody>\n\t\t<\/table>\n\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<div style=\"text-align: center;\" class=\"wp-block-button is-style-outline\">\n\t\t\t\t\t\t\t\t<button\n\t\t\t\t\t\t\t\t\ttype=\"button\"\n\t\t\t\t\t\t\t\t\tclass=\"btnLoadMore track-submission wp-block-button__link wp-element-button button-default\"\n\t\t\t\t\t\t\t\t\t>LOAD MORE RESULTS<\/button>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\n\t\t\t\t\t<div class=\"sidebar wp-block-column is-layout-flow d-none\">\n\t\t\t\t\t\t<div class=\"box extra-filters d-none\">\n\t\t\t\t\t\t\t<div class=\"box-header\">\n\t\t\t\t\t\t\t\t<h3>Filters<\/h3>\n\t\t\t\t\t\t\t\t<button type=\"button\" class=\"close d-md-none\" aria-label=\"Close\">\n\t\t\t\t\t\t\t\t\t<span aria-hidden=\"true\">\u00d7<\/span>\n\t\t\t\t\t\t\t\t<\/button>\n\t\t\t\t\t\t\t\t<div style=\"text-align: center;\" class=\"wp-block-button is-style-link d-none d-md-block\">\n\t\t\t\t\t\t\t\t\t\t\t<button\n\t\t\ttype=\"button\"\n\t\t\tdata-defaults=\"{&quot;mortgage_type&quot;:&quot;purchase&quot;,&quot;house_price&quot;:&quot;500,000&quot;,&quot;down_payment&quot;:&quot;50,000&quot;,&quot;mortgage_balance&quot;:&quot;400,000&quot;,&quot;province&quot;:&quot;ON&quot;,&quot;rate_type&quot;:[&quot;fixed&quot;],&quot;mortgage_term&quot;:[&quot;5&quot;],&quot;lender&quot;:null}\"\n\t\t\tclass=\"btnResetFields wp-block-button__link wp-element-button\"\n\t\t\t>Clear filters<\/button>\n\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"box-content\">\n\t\t\t\t\t\t\t\t<input type=\"hidden\" class=\"i-hidden i-sort \" name=\"sort\" value=\"lender\" title=\"Sort by\" type=\"hidden\"><input type=\"hidden\" class=\"i-hidden i-rate_type \" name=\"rate_type\" value=\"fixed\" title=\"Rate Type\" placeholder=\"Rate Type\" type=\"hidden\"><input type=\"hidden\" class=\"i-hidden i-mortgage_term \" name=\"mortgage_term\" value=\"5\" title=\"Mortgage Term\" placeholder=\"Mortgage Term\" type=\"hidden\">\t\t\t\t\t\t\t\t<div class=\"wp-block-button \">\n\t\t\t\t\t\t\t\t\t<button type=\"submit\" class=\"btnSubmit track-submission wp-block-button__link wp-element-button full-width\">UPDATE RESULTS<\/button>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<div style=\"text-align: center; margin-top: 16px;\" class=\"wp-block-button is-style-link d-md-none\">\n\t\t\t\t\t\t\t\t\t\t\t<button\n\t\t\ttype=\"button\"\n\t\t\tdata-defaults=\"{&quot;mortgage_type&quot;:&quot;purchase&quot;,&quot;house_price&quot;:&quot;500,000&quot;,&quot;down_payment&quot;:&quot;50,000&quot;,&quot;mortgage_balance&quot;:&quot;400,000&quot;,&quot;province&quot;:&quot;ON&quot;,&quot;rate_type&quot;:[&quot;fixed&quot;],&quot;mortgage_term&quot;:[&quot;5&quot;],&quot;lender&quot;:null}\"\n\t\t\tclass=\"btnResetFields wp-block-button__link wp-element-button\"\n\t\t\t>Clear filters<\/button>\n\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t<\/form>\n\n\t\t\t\t\t<\/div>\n\n\t\t\n\n\n<p class=\"has-extra-small-font-size\">Disclaimer: The rates displayed do not include any taxes, fees, insurance, or other additional charges. These rates are estimates and are not guaranteed. The actual rate and loan terms you receive will depend on our partner\u2019s assessment of your creditworthiness, loan amounts, and other relevant factors. Please note that any potential savings figures provided are estimates based on the information you and our advertising partners have provided. Terms and conditions apply.<br>Mortgage Brokerage licensed in ON #13072, AB #2122265990, BC #X300983, MB #RW-2011175, NL #88786, NB #210042526, NS #2023-3000270, PEI #755902715, QC\u00a0#606914, SK\u00a0#508695, YT #839770<\/p>\n\n\n\n<div style=\"height:25px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n<div class=\"c-block-in-house-promotion is-advert-style__image-small is-style-horizontal wp-block-nerdwallet-blocks-in-house-ad\">\n\n\t\t\t<div class=\"c-promotion-banner__partner-spotlight\">\n\t\t\t<img\n\t\t\t\tsrc=\"https:\/\/www.nerdwallet.com\/ca\/wp-content\/plugins\/nerdwallet-blocks\/assets\/images\/nerdwallet-bug.svg\"\n\t\t\t\talt=\"Nerdwallet Logo\"\n\t\t\t\/>\n\t\t\t<span class=\"c-promotion-banner__partner-spotlight--title\">\n\t\t\t\tPartner Spotlight\t\t\t<\/span>\n\t\t<\/div>\n\t\n\t<div\n\t\tclass=\"c-block-in-house-promotion__inner\"\n\t\tstyle=\"background-image: none;\"\n\t>\n\n\t\t\t\t\t<div class='c-block-in-house-promotion__image-wrapper'>\n\t\t\t\t<div class='c-block-in-house-promotion__image'>\n\t\t\t\t\t<img decoding=\"async\" class=\"c-block-in-house-promotion__icon-img\" src=\"https:\/\/www.nerdwallet.com\/ca\/wp-content\/uploads\/sites\/2\/2024\/05\/Screenshot-2024-05-14-at-1.18.41\u202fPM.png\" alt=\"Ad Icon\" \/>\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\n\t\t<div class=\"c-block-in-house-promotion__content-wrapper c-block-in-house-promotion__no-image\">\n\t\t\t\n\t\t\t<h3 class=\"c-block-in-house-promotion__title\">Let 8Twelve find the right mortgage lender for you<\/h3>\n\t\t\t\t\t\t\t<p class=\"c-block-in-house-promotion__content\">\n\t\t\t\t\t8Twelve has partnered with over 65 Canadian mortgage lenders to provide competitive rates on over 7,000 mortgage products. 8Twelve can quickly match you with a lender and mortgage type that meets your needs \u2014 even if your financial situation is unique. <br>Click &#8220;Explore Quote&#8221; to get started! \t\t\t\t<\/p>\n\t\t\t\t\t<\/div>\n\n\t\t<div class=\"c-block-in-house-promotion__cta wp-block-button\"><a href=\"https:\/\/www.nerdwallet.com\/ca\/mortgages\/8twelve-mortgage\" target=\"_blank\" rel=\"nofollow noopener noreferrer\" class=\"nw-cta track-click-mon wp-block-button__link wp-element-button\" data-placement=\"Promotional banner\">EXPLORE QUOTE<\/a><\/div>\t<\/div>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading has-text-align-left is-style-horizontal\" id=\"best-6-big-banks-rate-canada\"><span data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;Current posted rates from Canada's Big 5 banks&quot;}\" data-sheets-userformat=\"{&quot;2&quot;:515,&quot;3&quot;:{&quot;1&quot;:0},&quot;4&quot;:{&quot;1&quot;:2,&quot;2&quot;:16773836},&quot;12&quot;:0}\">The best mortgage rates from Canada&#8217;s Big 6 banks<\/span><\/h2>\n\n\n\n<p class=\"is-style-horizontal\">Click on a bank&#8217;s name to see a full list of its posted and discounted mortgage rates. <br><\/p>\n\n\n\n<div class=\"wp-block-columns is-style-horizontal is-layout-flex wp-container-core-columns-layout-1 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-layout-1 wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/www.nerdwallet.com\/ca\/p\/mortgages\/bmo-mortgage-rates\" target=\"_blank\" rel=\"noreferrer noopener\">Bmo <br>mortgage rates<\/a><\/div>\n<\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-layout-2 wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/www.nerdwallet.com\/ca\/mortgages\/cibc-mortgage-rates\" target=\"_blank\" rel=\"noreferrer noopener\">cibc<br>mortgage rates<\/a><\/div>\n<\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-layout-3 wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/www.nerdwallet.com\/ca\/mortgages\/national-bank-mortgage-rates\" target=\"_blank\" rel=\"noreferrer noopener\">National bank<br>mortgage rates<\/a><\/div>\n<\/div>\n<\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-layout-2 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-layout-4 wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/www.nerdwallet.com\/ca\/mortgages\/rbc-mortgage-rates\" target=\"_blank\" rel=\"noreferrer noopener\">rbc<br>mortgage rates<\/a><\/div>\n<\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-layout-5 wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/www.nerdwallet.com\/ca\/mortgages\/scotiabank-mortgage-rates\" target=\"_blank\" rel=\"noreferrer noopener\">Scotiabank<br>mortgage rates<\/a><\/div>\n<\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-layout-6 wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/www.nerdwallet.com\/ca\/mortgages\/td-mortgage-rates\" target=\"_blank\" rel=\"noreferrer noopener\">TD<br>mortgage rates<\/a><\/div>\n<\/div>\n<\/div>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Average fixed mortgage rates<\/strong> in Canada<\/h2>\n\n\n\n<div class=\"wp-block-group is-layout-constrained wp-block-group-is-layout-constrained\">\n<p class=\"\">The following table includes posted conventional mortgage rates, or those based on down payments of 20% or more, at Canada&#8217;s chartered banks. They do not include discounted mortgage rates. Prime rate is included as a reference point; it doesn\u2019t typically impact fixed mortgage rates.<\/p>\n\n\n\n<div class=\"wp-block-nerdwallet-blocks-tablepress\"><div class=\"c-tablepress-table-wrapper\" style=\"overflow-x: auto;\">\n<table id=\"tablepress-69\" class=\"tablepress tablepress-id-69\">\n<thead>\n<tr class=\"row-1 odd\">\n\t<th class=\"column-1\">TERM<\/th><th class=\"column-2\">CONVENTIONAL MORTGAGE RATES<\/th>\n<\/tr>\n<\/thead>\n<tbody class=\"row-hover\">\n<tr class=\"row-2 even\">\n\t<td class=\"column-1\">1-year fixed<\/td><td class=\"column-2\">6.09%<\/td>\n<\/tr>\n<tr class=\"row-3 odd\">\n\t<td class=\"column-1\">3-year fixed<\/td><td class=\"column-2\">6.05%<\/td>\n<\/tr>\n<tr class=\"row-4 even\">\n\t<td class=\"column-1\">5-year fixed<\/td><td class=\"column-2\">6.09%<\/td>\n<\/tr>\n<tr class=\"row-5 odd\">\n\t<td class=\"column-1\">Prime rate<\/td><td class=\"column-2\">4.95%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div><\/div>\n<\/div>\n\n\n\n<p class=\"\" id=\"news\"><em>Based on average weekly conventional mortgage interest rates posted by the major chartered banks. Data source: <a href=\"https:\/\/www.bankofcanada.ca\/rates\/banking-and-financial-statistics\/posted-interest-rates-offered-by-chartered-banks\/\" target=\"_blank\" rel=\"noreferrer noopener\">Bank of Canada<\/a><\/em>.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Fixed <strong>mortgage rate news:<\/strong> April 2025<\/h2>\n\n\n\n<div class=\"wp-block-group is-layout-constrained wp-block-group-is-layout-constrained\"><div class=\"has-background has-lightest-green-background-color  wp-block-post-author has-large-font-size\"><div class=\"wp-block-post-author__avatar\"><img alt='' decoding=\"async\" src='https:\/\/secure.gravatar.com\/avatar\/9a0103575184ab914148bee0093231f8?s=48&#038;d=mm&#038;r=g' srcset='https:\/\/secure.gravatar.com\/avatar\/9a0103575184ab914148bee0093231f8?s=96&#038;d=mm&#038;r=g 2x' class='avatar avatar-48 photo avatar-default' height='48' width='48' \/><\/div><div class=\"wp-block-post-author__content\"><p class=\"wp-block-post-author__byline\"><strong>NerdWallet Mortgage Expert\/Spokesperson<\/strong><\/p><p class=\"wp-block-post-author__name\"><a href=\"https:\/\/www.nerdwallet.com\/ca\/author\/cjarvis\" target=\"_self\">Clay Jarvis<\/a><\/p><\/div><\/div>\n\n\n<p class=\"\">If you\u2019re a home buyer disappointed that the Bank of Canada didn\u2019t help lower variable mortgage rates on April 16, 2025, know that fixed rates remain fairly approachable.<\/p>\n\n\n\n<p class=\"\">As of April 16, some brokerages were offering three-year fixed rates for around 3.7% and five-year fixed rates for about 3.75%. Those aren\u2019t mind-blowingly low rates, but they might be as good as they\u2019re going to get for the time being.&nbsp;<\/p>\n\n\n\n<p class=\"\">Government bond yields, which help determine lenders\u2019 fixed mortgage rates, have been in the same general range since February. Without a significant, sustained dip in yields, lenders won\u2019t have much reason to lower their fixed rates.&nbsp;<\/p>\n\n\n\n<p class=\"\">But that doesn\u2019t mean they aren\u2019t open to negotiation. With so many home buyers sitting on the sidelines, the mortgage market has been quiet this year, and lenders are hungry for business. Use the lack of demand to your advantage and negotiate hard for the best rate you can.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Forecasting 5-year fixed mortgage rates<\/strong><\/h3>\n\n\n\n<p class=\"\">Based on recent downward movement in <a href=\"https:\/\/www.bankofcanada.ca\/rates\/interest-rates\/canadian-bonds\/\">government bond yields<\/a>, which typically determine fixed mortgage rates, lenders are in a position to increase their five-year fixed mortgage rates in early 2025.&nbsp;It&#8217;s pretty much what the mortgage brokers NerdWallet spoke to in late 2024 predicted. <\/p>\n\n\n\n<p class=\"\">Five-year fixed rates can be hard to predict with any accuracy over the long-term \u2014 even for analysts. It\u2019s even harder for the average consumer to pinpoint when they\u2019ll move, how much they\u2019ll fluctuate, and how long they\u2019ll stay at their new levels.<\/p>\n<\/div>\n\n\n\n<h3 class=\"wp-block-heading has-text-align-center\">Calculators to inform your next mortgage decision<\/h3>\n\n\n\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-layout-3 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"http:\/\/nerdwallet.com\/ca\/mortgages\/canada-mortgage-payment-calculator\" target=\"_blank\" rel=\"noreferrer noopener\">How much will your monthly Mortage payment be?<\/a><\/div>\n<\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"http:\/\/nerdwallet.com\/ca\/mortgages\/canada-mortgage-affordability-calculator\" target=\"_blank\" rel=\"noreferrer noopener\">How much mortgage can you currently afford?<\/a><\/div>\n<\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"http:\/\/nerdwallet.com\/ca\/mortgages\/closing-costs-calculator\" target=\"_blank\" rel=\"noreferrer noopener\">How much will your closing costs add up to?<\/a><\/div>\n<\/div>\n<\/div>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"understanding\"><strong>Understanding 5-Year Fixed Mortgage Rates<\/strong><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Factors that determine 5-year fixed mortgage rates&nbsp;<\/strong><\/h3>\n\n\n<div class=\"c-block-tabs-wrapper \">\n\t<div role=\"tablist\" aria-label=\"Tabs\" class=\"c-block-tabs\">\n\t\t\t\t\t<div class=\"c-block-tabs__tab c-block-tabs__tab--active\"\n\t\t\t\t role=\"tab\"\n\t\t\t\t aria-selected=\"true\"\n\t\t\t\t aria-controls=\"0\"\n\t\t\t\t id=\"tab-0\"\n\t\t\t\t data-tabid=\"0\">The government bond market<\/div>\n\t\t\t\t\t\t<div class=\"c-block-tabs__tab \"\n\t\t\t\t role=\"tab\"\n\t\t\t\t aria-selected=\"false\"\n\t\t\t\t aria-controls=\"1\"\n\t\t\t\t id=\"tab-1\"\n\t\t\t\t data-tabid=\"1\">Your financial situation<\/div>\n\t\t\t\t\t\t<div class=\"c-block-tabs__tab \"\n\t\t\t\t role=\"tab\"\n\t\t\t\t aria-selected=\"false\"\n\t\t\t\t aria-controls=\"2\"\n\t\t\t\t id=\"tab-2\"\n\t\t\t\t data-tabid=\"2\">Competition among lenders<\/div>\n\t\t\t\t<\/div>\n\n\t<div class=\"c-block-tabs-all\">\n\t\t\n<div class=\"wp-block-nerdwallet-blocks-tabs\">\n<div class=\"wp-block-nerdwallet-blocks-tabs-content c-block-tabs-content\" data-tabid=\"0\" role=\"tabpanel\" aria-labelledby=\"tab-0\">\n<p class=\"\">Lenders typically set their fixed mortgage rates based on government bond yields. Five-year fixed mortgage rates are tied to five-year bonds.<\/p>\n\n\n\n<p class=\"\">Simply put, when the yield on five-year government bonds rises or falls significantly, five-year fixed mortgage rates eventually follow suit. Fixed rates don\u2019t change with every shift in yields. They generally only change after yields experience sustained movement in one direction or the other.<\/p>\n<\/div>\n\n\n\n<div class=\"wp-block-nerdwallet-blocks-tabs-content c-block-tabs-content\" data-tabid=\"1\" role=\"tabpanel\" aria-labelledby=\"tab-1\">\n<p class=\"\">The bond market influences fixed mortgage rates in a broad sense, but the actual rate you\u2019re offered depends on your overall financial situation. Lenders will consider:<\/p>\n\n\n\n<ul class=\"\">\n<li class=\"\"><strong>Your credit score.<\/strong> The higher <a href=\"https:\/\/www.nerdwallet.com\/ca\/personal-finance\/get-a-better-credit-score\">your credit score<\/a>, the less risk you pose as a borrower. Lenders are typically more willing to offer lower rates to borrowers who they believe will pay them back in full.<\/li>\n\n\n\n<li class=\"\"><strong>Your down payment amount. <\/strong>A larger <a href=\"https:\/\/www.nerdwallet.com\/ca\/mortgages\/how-much-down-payment-for-a-house\">down payment<\/a> means less risk for your lender. It may also signal an ability to manage your finances.<\/li>\n\n\n\n<li class=\"\"><strong>Your debt service ratios. <\/strong>The lower your <a href=\"https:\/\/www.nerdwallet.com\/ca\/mortgages\/what-are-debt-service-ratios\">debt service ratios<\/a>, the more creditworthy you\u2019ll seem to lenders, who may reward you with a lower rate.<\/li>\n<\/ul>\n<\/div>\n\n\n\n<div class=\"wp-block-nerdwallet-blocks-tabs-content c-block-tabs-content\" data-tabid=\"2\" role=\"tabpanel\" aria-labelledby=\"tab-2\">\n<p class=\"\">When the real estate market is slow and lenders are starved for new clients, the result can be highly-competitive rate offers.<\/p>\n\n\n\n<p class=\"\">This isn\u2019t a common situation in Canada, but when business is sluggish, it\u2019s not unusual for lenders to undercut each other by offering discounted rates. Just as homeowners might be flexible with their asking prices when buyers aren\u2019t biting, lenders can be flexible with their rates when demand for mortgages weakens.<\/p>\n<\/div>\n<\/div>\n\t<\/div>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\">Pros and cons of 5-year fixed-rate mortgages<\/h2>\n\n\n\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-layout-4 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<h3 class=\"wp-block-heading\">Pros<\/h3>\n\n\n\n<ul class=\"\">\n<li class=\"\"><strong>Set costs. <\/strong>You\u2019ll know what your mortgage payments will be for a full five years, which can make budgeting and long-term financial planning easier.<\/li>\n\n\n\n<li class=\"\"><strong>Availability. <\/strong>Nearly all lenders offer five-year fixed-rate mortgages \u2014 an ideal condition for comparison shopping and negotiating.<\/li>\n\n\n\n<li class=\"\"><strong>Easy to understand. <\/strong>Fixed-rate mortgages are as set-it-and-forget-it as mortgage products come. Sign it, make your payments and if all goes well you shouldn\u2019t have to think about your mortgage until it\u2019s time to renew.<\/li>\n<\/ul>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<h3 class=\"wp-block-heading\"><strong>Cons<\/strong><\/h3>\n\n\n\n<ul class=\"\">\n<li class=\"\"><strong>Life happens.<\/strong>Staying in the same home for five years may be unrealistic for you.<\/li>\n\n\n\n<li class=\"\"><strong>Large penalties.<\/strong> Breaking a fixed-rate mortgage can result in hefty <a href=\"https:\/\/www.nerdwallet.com\/ca\/mortgages\/prepayment-penalty-cost-to-end-a-mortgage-early\">pre-payment penalties<\/a>.&nbsp;<\/li>\n\n\n\n<li class=\"\"><strong>No benefits if rates fall.<\/strong> If fixed mortgage rates decline during your term, you won\u2019t be able to take advantage unless you <a href=\"https:\/\/www.nerdwallet.com\/ca\/mortgages\/penalty-for-breaking-mortgage\">break your mortgage<\/a>.<\/li>\n<\/ul>\n\n\n\n<p class=\"\"><\/p>\n<\/div>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong><strong><strong>5-year fixed mortgage rates vs. variable mortgage rates<\/strong><\/strong><\/strong><\/h2>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table><thead><tr><th class=\"has-text-align-center\" data-align=\"center\"><\/th><th>5-year fixed mortgage rates<\/th><th>Variable mortgage rates<\/th><\/tr><\/thead><tbody><tr><td class=\"has-text-align-center\" data-align=\"center\"><strong>Cost<\/strong><\/td><td>Historically, higher than variable rates. The opposite can be true during periods of high inflation.<\/td><td>Typically lower than fixed rates. High inflation has lead to periods when variable rates skyrocketed well past fixed rates.&nbsp;<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><strong>Prepayment penalty risk<\/strong><\/td><td>High. The prepayment penalties can be large. The likelihood of breaking your mortgage rises the longer your term gets.<\/td><td>Relatively low. The maximum prepayment penalty is three months&#8217; interest.<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><strong>Switchability<\/strong><\/td><td>A fixed rate can&#8217;t be switched to a variable rate mid-term without breaking the mortgage.<\/td><td>&nbsp;A variable rate can be switched to a fixed rate for the remainder of the term without penalty.<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><strong>Exposure to rate fluctuations<\/strong><\/td><td>None. Your rate won\u2019t change for the length of your term. <\/td><td>Significant. Your rate will change every time your bank&#8217;s prime rate increases or decreases. <\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"bestrate\"><strong>5 ways to get the best 5-year fixed mortgage rate<\/strong><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\">1. <strong>Improve your credit score&nbsp;<\/strong><\/h3>\n\n\n\n<p class=\"\">The best mortgage rates generally go to borrowers with credit scores of 680 and higher.&nbsp;<\/p>\n\n\n\n<p class=\"\">You\u2019re still likely to be considered for a mortgage with a score of 600 and above, but you may have to apply with an <a href=\"https:\/\/www.nerdwallet.com\/ca\/mortgages\/what-is-an-alternative-mortgage-lender\">alternative lender<\/a> that charges higher rates.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">2. <strong>Maintain low debt service ratios<\/strong><\/h3>\n\n\n\n<p class=\"\">Lenders look at two <a href=\"https:\/\/www.nerdwallet.com\/ca\/mortgages\/what-are-debt-service-ratios\">debt service ratios<\/a> when reviewing mortgage applications.:<\/p>\n\n\n\n<ul class=\"\">\n<li class=\"\"><strong>Gross debt service ratio:<\/strong> The percentage of your pre-tax household income that goes toward housing costs.. It should not exceed 39% of your annual gross income.<\/li>\n\n\n\n<li class=\"\"><strong>Total debt service ratio<\/strong>: The percentage of your pre-tax household income that goes toward housing costs plus your ongoing debts. Your TDS ratio should not be more than 44% of your annual pre-tax household income.&nbsp;<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">3. <strong>Increase your down payment<\/strong><\/h3>\n\n\n\n<p class=\"\">A <a href=\"https:\/\/www.nerdwallet.com\/ca\/mortgages\/how-much-down-payment-for-a-house\">larger down payment<\/a> can work wonders for your mortgage.<\/p>\n\n\n\n<ul class=\"\">\n<li class=\"\">Proving you can save money may suggest to lenders that you are&nbsp; a low-risk borrower.<\/li>\n\n\n\n<li class=\"\">You\u2019ll borrow less, which decreases your overall mortgage costs.&nbsp;<\/li>\n\n\n\n<li class=\"\">A down payment of 20% or more will free you from buying <a href=\"https:\/\/www.nerdwallet.com\/ca\/mortgages\/what-is-mortgage-insurance\">mortgage default insurance<\/a>.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">4. Compare rates among lenders and brokers<\/h3>\n\n\n\n<p class=\"\">Lenders and mortgage brokers tend to advertise that they have the lowest rates. Confirm that for yourself by comparing as many different offers as you can handle.&nbsp;<\/p>\n\n\n\n<p class=\"\">Just make sure that you compare mortgage products that share similar characteristics, such as:<\/p>\n\n\n\n<ul class=\"\">\n<li class=\"\"><a href=\"https:\/\/www.nerdwallet.com\/ca\/mortgages\/amortization-period-vs-mortgage-term\">Term length and amortization period.<\/a><\/li>\n\n\n\n<li class=\"\"><a href=\"https:\/\/www.nerdwallet.com\/ca\/banking\/apr-vs-apy\">Annual percentage rates.<\/a><\/li>\n\n\n\n<li class=\"\"><a href=\"https:\/\/www.nerdwallet.com\/ca\/mortgages\/prepayment-penalty-cost-to-end-a-mortgage-early\">Prepayment penalties<\/a> and prepayment privileges.<\/li>\n\n\n\n<li class=\"\"><a href=\"https:\/\/www.nerdwallet.com\/ca\/mortgages\/porting-a-mortgage-explained\">Portability<\/a>.&nbsp;&nbsp;<\/li>\n\n\n\n<li class=\"\">Whether it\u2019s an <a href=\"https:\/\/www.nerdwallet.com\/ca\/mortgages\/open-vs-closed-mortgage\">open or closed mortgage<\/a>.<\/li>\n<\/ul>\n\n\n\n<p class=\"\">If you\u2019re unsure how to compare these details, consider reaching out to a few mortgage brokers and have them take care of the comparisons for you.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">5. Negotiate<\/h3>\n\n\n\n<p class=\"\">Never expect the first rate a lender or broker offers you to be the best they can do. Politely ask them to do better, and let them know that you\u2019ll be looking at other options while they generate a fresh offer for you.&nbsp;<\/p>\n\n\n\n<p class=\"\" id=\"history\"><a href=\"https:\/\/www.nerdwallet.com\/ca\/mortgages\/negotiating-mortgage-fees\">Negotiating rates<\/a> doesn\u2019t come naturally to everyone, but it\u2019s a must when setting up your mortgage. Knocking a few basis points off your rate can save you thousands of dollars, so don\u2019t sign anything until you\u2019re sure you\u2019ve gotten the lowest rate possible for your financial situation.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">5-year fixed mortgage rate history<\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>What\u2019s a good 5-year fixed mortgage rate?<\/strong><\/h3>\n\n\n\n<p class=\"\">The short answer: A good 5-year fixed mortgage rate is the lowest rate you can qualify for. A good rate for one person might not be a good rate for another.<\/p>\n\n\n\n<p class=\"\">The longer answer to this question requires some historical context. According to the Bank of Canada, the average posted 5-year mortgage rate at Canada\u2019s major chartered banks was:<\/p>\n\n\n\n<ul class=\"\">\n<li class=\"\">6.49% on October 16, 2024.<\/li>\n\n\n\n<li class=\"\">5.19% on October 16, 2019.<\/li>\n\n\n\n<li class=\"\">4.79% on October 15, 2014.<\/li>\n\n\n\n<li class=\"\">5.84% on October 14, 2009.<\/li>\n\n\n\n<li class=\"\">6.5% on October 13, 2004.<\/li>\n\n\n\n<li class=\"\">8.0% on October 13, 1999.<\/li>\n\n\n\n<li class=\"\">9.9% on October 29, 1994<\/li>\n<\/ul>\n\n\n\n<p class=\"\">Compared to 2014, current five-year fixed rates are fairly high. But compared to what Canadians have paid over the past 30 years, five-year fixed mortgage rates are actually fairly average.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong><strong>Fixed mortgage rates: A 12-month snapshot&nbsp;<\/strong><\/strong><\/h2>\n\n\n<div class=\"c-block-infogram-widget wp-block-nerdwallet-blocks-infogram\">\n\t\n<div class=\"infogram-embed\" data-id=\"best-35-year-mortgage-rates-1hmr6g7qy00xo6n?live\" data-type=\"interactive\"><\/div>\n<\/div>\n\n\n\n<p class=\"\"><\/p>\n\n\n\n<div class=\"wp-block-nerdwallet-blocks-faq c-block-faq\" id=\"faqs\" itemscope itemtype=\"https:\/\/schema.org\/FAQPage\"><div class=\"c-block-faq__wrapper\"><div class=\"c-block-faq__header\"><h2 class=\"c-block-faq__title\"><\/h2><\/div><div class=\"c-block-faq__section-list\">\n<div id=\"faqs\" class=\"wp-block-nerdwallet-blocks-faq-section\"><div class=\"c-block-faq-section c-block-accordion-wrapper\"><div class=\"c-block-accordion__header\"><h3 class=\"c-block-accordion__title\">Frequently asked questions about 5-year fixed mortgage rates in Canada<\/h3><\/div><div class=\"c-block-accordion-list\">\n<div class=\"c-block-faq-item c-block-accordion-item\" itemscope itemprop=\"mainEntity\" itemtype=\"https:\/\/schema.org\/Question\"><div class=\"c-block-accordion-item__header\"><div class=\"c-block-accordion-item__title\" itemprop=\"name\"><strong><strong>Is it a good idea to get a five-year fixed-rate mortgage in 2025?<\/strong><\/strong><\/div><\/div><div class=\"c-block-accordion-item__content\" itemscope itemprop=\"acceptedAnswer\" itemtype=\"https:\/\/schema.org\/Answer\"><div class=\"wp-block-nerdwallet-blocks-faq-item\" itemprop=\"text\">\n<p class=\"\">Fixed mortgage rates are expected to decrease modestly in 2025, whereas variable mortgage rates might fall by another 0.5%. If fixed rates fall in 2026 or 2027 and stay at those lower levels, locking in for five years in 2025 could mean paying more interest than necessary for at least part of your mortgage term.  <\/p>\n<\/div><\/div><\/div>\n\n\n\n<div class=\"c-block-faq-item c-block-accordion-item\" itemscope itemprop=\"mainEntity\" itemtype=\"https:\/\/schema.org\/Question\"><div class=\"c-block-accordion-item__header\"><div class=\"c-block-accordion-item__title\" itemprop=\"name\"><strong><strong>What\u2019s a good five-year fixed mortgage rate?<\/strong><\/strong><\/div><\/div><div class=\"c-block-accordion-item__content\" itemscope itemprop=\"acceptedAnswer\" itemtype=\"https:\/\/schema.org\/Answer\"><div class=\"wp-block-nerdwallet-blocks-faq-item\" itemprop=\"text\">\n<p class=\"\">Some mortgage brokerages are offering five-year fixed mortgage rates for below 3.8% as of April 2025.<\/p>\n<\/div><\/div><\/div>\n<\/div><\/div><\/div>\n<\/div><\/div><\/div>\n\n\n\n\t<section class=\"c-block-card-grid container\"\n\t\t\t>\n\t\t\t\t\t<h4 class=\"c-block-card-grid__title\">\n\t\t\t\tDIVE EVEN DEEPER\t\t\t<\/h4>\n\t\t\n\t\t<div class=\"c-block-card-grid-scroll column-four\">\n\t\t\t<div class=\"c-block-card-grid-scroll__column\">\n<div id=\"post-4597\" class=\"c-block-card post-4597 page type-page status-publish has-post-thumbnail hentry content-classification-mortgages topic-mortgage-rates cluster-compare-mortgage-rates\">\n\t<div class=\"c-block-card__inner c-block-card__inner--large\">\n\t\t\t<a class=\"c-block-card__image-wrapper\" href=\"https:\/\/www.nerdwallet.com\/ca\/mortgages\/mortgage-rates-canada\" rel=\"bookmark\">\n\t\t<img loading=\"lazy\" width=\"460\" height=\"198\" decoding=\"async\" src=\"https:\/\/www.nerdwallet.com\/ca\/wp-content\/uploads\/sites\/2\/2022\/03\/GettyImages-1270110980-e1647903056478-460x198.jpg\" class=\"c-block-card__image wp-post-image\" alt=\"The Best Mortgage Rates in Canada\" \/>\t<\/a><!-- .c-entry__thumbnail -->\n\t\t\t<div class=\"c-block-card__content-wrapper\">\n\t\t\t\n<h4 class=\"c-block-card__title\">\n\t<a href=\"https:\/\/www.nerdwallet.com\/ca\/mortgages\/mortgage-rates-canada\" rel=\"bookmark\" class=\"c-block-card__title-link\">\n\t\tThe Best Mortgage Rates in Canada\t<\/a>\n<\/h4>\n\n\t<div class=\"c-block-card__content\">\n\t\t<p>Quickly explore Canadian mortgage rates from bank and non-bank lenders. Find the best fixed or variable mortgage rate for your home buying needs.  <\/p>\n\t<\/div>\n\n\t<div class=\"c-block-card__authors\">\n\t\t\t\t<div class=\"nw-written-by-layout-inline\">\n\t\t\t\n\t\t\t<div class=\"nw-written-by-layout-inline--wrapper\">\n\t\t\t\t<a href=\"https:\/\/www.nerdwallet.com\/ca\/author\/clay-jarvis\" class=\"author url fn\" rel=\"author\"><img loading=\"lazy\" decoding=\"async\" width=\"32\" height=\"32\" src=\"https:\/\/www.nerdwallet.com\/ca\/wp-content\/uploads\/sites\/2\/2022\/03\/IMG_20220329_114424-150x150.jpg\" class=\"avatar avatar-32 photo wp-post-image\" alt=\"\" \/>Clay Jarvis<\/a>\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t<\/div>\n\t\t<\/div><!-- .c-card__content-wrapper -->\n\t<\/div>\n<\/div><!-- #post-4597 -->\n<\/div><div class=\"c-block-card-grid-scroll__column\">\n<div id=\"post-1448\" class=\"c-block-card post-1448 page type-page status-publish has-post-thumbnail hentry content-classification-mortgages topic-managing-your-mortgage cluster-mortgage-contracts\">\n\t<div class=\"c-block-card__inner c-block-card__inner--large\">\n\t\t\t<a class=\"c-block-card__image-wrapper\" href=\"https:\/\/www.nerdwallet.com\/ca\/mortgages\/porting-a-mortgage-explained\" rel=\"bookmark\">\n\t\t<img loading=\"lazy\" width=\"460\" height=\"191\" decoding=\"async\" src=\"https:\/\/www.nerdwallet.com\/ca\/wp-content\/uploads\/sites\/2\/2021\/08\/How-Porting-or-Transferring-Your-Mortgage-Works-e1628030738886-460x191.jpg\" class=\"c-block-card__image wp-post-image\" alt=\"Porting or Transferring a Mortgage\" \/>\t<\/a><!-- .c-entry__thumbnail -->\n\t\t\t<div class=\"c-block-card__content-wrapper\">\n\t\t\t\n<h4 class=\"c-block-card__title\">\n\t<a href=\"https:\/\/www.nerdwallet.com\/ca\/mortgages\/porting-a-mortgage-explained\" rel=\"bookmark\" class=\"c-block-card__title-link\">\n\t\tPorting or Transferring a Mortgage\t<\/a>\n<\/h4>\n\n\t<div class=\"c-block-card__content\">\n\t\t<p>Porting a mortgage applies an existing mortgage contract to a new home purchase. Porting can be less expensive than breaking a mortgage.<\/p>\n\t<\/div>\n\n\t<div class=\"c-block-card__authors\">\n\t\t\t\t<div class=\"nw-written-by-layout-inline\">\n\t\t\t\n\t\t\t<div class=\"nw-written-by-layout-inline--wrapper\">\n\t\t\t\t<a href=\"https:\/\/www.nerdwallet.com\/ca\/author\/clay-jarvis\" class=\"author url fn\" rel=\"author\"><img loading=\"lazy\" decoding=\"async\" width=\"32\" height=\"32\" src=\"https:\/\/www.nerdwallet.com\/ca\/wp-content\/uploads\/sites\/2\/2022\/03\/IMG_20220329_114424-150x150.jpg\" class=\"avatar avatar-32 photo wp-post-image\" alt=\"\" \/>Clay Jarvis<\/a><a href=\"https:\/\/www.nerdwallet.com\/ca\/author\/barry-choi\" class=\"author url fn\" rel=\"author\"><img loading=\"lazy\" decoding=\"async\" width=\"32\" height=\"32\" src=\"https:\/\/www.nerdwallet.com\/ca\/wp-content\/uploads\/sites\/2\/2021\/07\/BarryChoi-e1626212860872-40x40.jpg\" class=\"avatar avatar-32 photo wp-post-image\" alt=\"\" \/>Barry Choi<\/a>\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t<\/div>\n\t\t<\/div><!-- .c-card__content-wrapper -->\n\t<\/div>\n<\/div><!-- #post-1448 -->\n<\/div><div class=\"c-block-card-grid-scroll__column\">\n<div id=\"post-1550\" class=\"c-block-card post-1550 page type-page status-publish has-post-thumbnail hentry content-classification-mortgages topic-managing-your-mortgage cluster-mortgage-refinancing\">\n\t<div class=\"c-block-card__inner c-block-card__inner--large\">\n\t\t\t<a class=\"c-block-card__image-wrapper\" href=\"https:\/\/www.nerdwallet.com\/ca\/mortgages\/how-to-refinance-mortgage\" rel=\"bookmark\">\n\t\t<img loading=\"lazy\" width=\"460\" height=\"191\" decoding=\"async\" src=\"https:\/\/www.nerdwallet.com\/ca\/wp-content\/uploads\/sites\/2\/2021\/08\/How-to-Refinance-Your-Mortgage-in-Canada-e1629234593982-460x191.jpg\" class=\"c-block-card__image wp-post-image\" alt=\"Refinancing a Mortgage in Canada\" \/>\t<\/a><!-- .c-entry__thumbnail -->\n\t\t\t<div class=\"c-block-card__content-wrapper\">\n\t\t\t\n<h4 class=\"c-block-card__title\">\n\t<a href=\"https:\/\/www.nerdwallet.com\/ca\/mortgages\/how-to-refinance-mortgage\" rel=\"bookmark\" class=\"c-block-card__title-link\">\n\t\tRefinancing a Mortgage in Canada\t<\/a>\n<\/h4>\n\n\t<div class=\"c-block-card__content\">\n\t\t<p>A mortgage refinance can help you tap into home equity and secure better mortgage terms. Find out how \u2014 and when \u2014 to do it.<\/p>\n\t<\/div>\n\n\t<div class=\"c-block-card__authors\">\n\t\t\t\t<div class=\"nw-written-by-layout-inline\">\n\t\t\t\n\t\t\t<div class=\"nw-written-by-layout-inline--wrapper\">\n\t\t\t\t<a href=\"https:\/\/www.nerdwallet.com\/ca\/author\/clay-jarvis\" class=\"author url fn\" rel=\"author\"><img loading=\"lazy\" decoding=\"async\" width=\"32\" height=\"32\" src=\"https:\/\/www.nerdwallet.com\/ca\/wp-content\/uploads\/sites\/2\/2022\/03\/IMG_20220329_114424-150x150.jpg\" class=\"avatar avatar-32 photo wp-post-image\" alt=\"\" \/>Clay Jarvis<\/a>\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t<\/div>\n\t\t<\/div><!-- .c-card__content-wrapper -->\n\t<\/div>\n<\/div><!-- #post-1550 -->\n<\/div><div class=\"c-block-card-grid-scroll__column\">\n<div id=\"post-1436\" class=\"c-block-card post-1436 page type-page status-publish has-post-thumbnail hentry content-classification-mortgages topic-buying-or-selling-real-estate cluster-buying-real-estate\">\n\t<div class=\"c-block-card__inner c-block-card__inner--large\">\n\t\t\t<a class=\"c-block-card__image-wrapper\" href=\"https:\/\/www.nerdwallet.com\/ca\/mortgages\/first-time-home-buyer-guide\" rel=\"bookmark\">\n\t\t<img loading=\"lazy\" width=\"460\" height=\"191\" decoding=\"async\" src=\"https:\/\/www.nerdwallet.com\/ca\/wp-content\/uploads\/sites\/2\/2021\/08\/First-Time-Home-Buyer-Guide-e1627939673963-460x191.jpg\" class=\"c-block-card__image wp-post-image\" alt=\"First-Time Home Buyer In Canada? Here&#8217;s What You Need To Know\" \/>\t<\/a><!-- .c-entry__thumbnail -->\n\t\t\t<div class=\"c-block-card__content-wrapper\">\n\t\t\t\n<h4 class=\"c-block-card__title\">\n\t<a href=\"https:\/\/www.nerdwallet.com\/ca\/mortgages\/first-time-home-buyer-guide\" rel=\"bookmark\" class=\"c-block-card__title-link\">\n\t\tFirst-Time Home Buyer In Canada? Here&#8217;s What You Need To Know\t<\/a>\n<\/h4>\n\n\t<div class=\"c-block-card__content\">\n\t\t<p>A little knowledge about the housing market, mortgages and incentive programs can help you afford your first home.<\/p>\n\t<\/div>\n\n\t<div class=\"c-block-card__authors\">\n\t\t\t\t<div class=\"nw-written-by-layout-inline\">\n\t\t\t\n\t\t\t<div class=\"nw-written-by-layout-inline--wrapper\">\n\t\t\t\t<a href=\"https:\/\/www.nerdwallet.com\/ca\/author\/clay-jarvis\" class=\"author url fn\" rel=\"author\"><img loading=\"lazy\" decoding=\"async\" width=\"32\" height=\"32\" src=\"https:\/\/www.nerdwallet.com\/ca\/wp-content\/uploads\/sites\/2\/2022\/03\/IMG_20220329_114424-150x150.jpg\" class=\"avatar avatar-32 photo wp-post-image\" alt=\"\" \/>Clay Jarvis<\/a><a href=\"https:\/\/www.nerdwallet.com\/ca\/author\/kurt-woock\" class=\"author url fn\" rel=\"author\"><img loading=\"lazy\" decoding=\"async\" width=\"32\" height=\"32\" src=\"https:\/\/www.nerdwallet.com\/ca\/wp-content\/uploads\/sites\/2\/2023\/07\/kurt-woock-40x40.jpeg\" class=\"avatar avatar-32 photo wp-post-image\" alt=\"\" \/>Kurt Woock<\/a>\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t<\/div>\n\t\t<\/div><!-- .c-card__content-wrapper -->\n\t<\/div>\n<\/div><!-- #post-1436 -->\n<\/div>\t\t<\/div>\n\t<\/section>\n\n","protected":false},"excerpt":{"rendered":"<p>Compare customized 5-year fixed mortgage rates from Canada\u2019s best lenders and brokers for free. Find the lowest mortgage rate and apply for the home loan that best fits your needs.<\/p>\n","protected":false},"author":25,"featured_media":4857,"parent":106,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"apple_news_api_created_at":"","apple_news_api_id":"","apple_news_api_modified_at":"","apple_news_api_revision":"","apple_news_api_share_url":"","apple_news_coverimage":0,"apple_news_coverimage_caption":"","apple_news_is_hidden":false,"apple_news_is_paid":false,"apple_news_is_preview":false,"apple_news_is_sponsored":false,"apple_news_maturity_rating":"","apple_news_metadata":"\"\"","apple_news_pullquote":"","apple_news_pullquote_position":"","apple_news_slug":"","apple_news_sections":"[]","apple_news_suppress_video_url":false,"apple_news_use_image_component":false,"footnotes":"","_nw_pros_cons_block_schema":"{\"@context\":\"http:\/\/schema.org\",\"@type\":\"Product\",\"name\":\"Compare the Best 5-Year Fixed Mortgage Rates in Canada\",\"review\":{\"@type\":\"Review\",\"name\":\"Compare the Best 5-Year Fixed Mortgage Rates in Canada\",\"author\":{\"@type\":\"Person\",\"name\":\"Post Author\"},\"positiveNotes\":{\"@type\":\"ItemList\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Set costs. You\u2019ll know what your mortgage payments will be for a full five years, which can make budgeting and long-term financial planning easier.\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Availability. Nearly all lenders offer five-year fixed-rate mortgages \u2014 an ideal condition for comparison shopping and negotiating.\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Easy to understand. Fixed-rate mortgages are as set-it-and-forget-it as mortgage products come. Sign it, make your payments and if all goes well you shouldn\u2019t have to think about your mortgage until it\u2019s time to renew.\"}]},\"negativeNotes\":{\"@type\":\"ItemList\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Life happens. It\u2019s hard enough to know what will happen tomorrow, let alone five years from now. Staying in the same home for that long may not be feasible. If you have to move, for example, you might have to break your mortgage.\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Large penalties. Breaking a fixed-rate mortgage can result in you paying hefty pre-payment penalties. They can be especially disruptive if you aren\u2019t selling your house and don\u2019t have an infusion of cash to fall back on.\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"No benefits if rates fall. If fixed mortgage rates decline during your term, you won\u2019t be able to take advantage unless you break your mortgage.\u00a0\"}]}}}"},"content-classification":[16],"topic":[119],"cluster":[242],"pp_author":[87],"acf":[],"apple_news_notices":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>5-Year Fixed Mortgage Rates in Canada (Updated Daily) - NerdWallet<\/title>\n<meta name=\"description\" content=\"Compare 5-year fixed mortgage rates in Canada. Our rates table is updated everyday to help you find the best 5-year fixed mortgage rates.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.nerdwallet.com\/ca\/mortgages\/best-5-year-fixed-mortgage-rates-in-canada\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"5-Year Fixed Mortgage Rates in Canada (Updated Daily) - NerdWallet\" \/>\n<meta property=\"og:description\" content=\"Compare 5-year fixed mortgage rates in Canada. Our rates table is updated everyday to help you find the best 5-year fixed mortgage rates.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.nerdwallet.com\/ca\/mortgages\/best-5-year-fixed-mortgage-rates-in-canada\" \/>\n<meta property=\"og:site_name\" content=\"NerdWallet Canada\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/NerdWallet\" \/>\n<meta property=\"article:modified_time\" content=\"2025-06-09T14:32:47+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.nerdwallet.com\/ca\/wp-content\/uploads\/sites\/2\/2022\/03\/GettyImages-1270110980-e1647903056478.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2121\" \/>\n\t<meta property=\"og:image:height\" content=\"912\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:site\" content=\"@NerdWallet\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"14 minutes\" \/>\n\t<meta name=\"twitter:label2\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data2\" content=\"Clay Jarvis\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.nerdwallet.com\/ca\/mortgages\/best-5-year-fixed-mortgage-rates-in-canada\",\"url\":\"https:\/\/www.nerdwallet.com\/ca\/mortgages\/best-5-year-fixed-mortgage-rates-in-canada\",\"name\":\"5-Year Fixed Mortgage Rates in Canada (Updated Daily) - NerdWallet\",\"isPartOf\":{\"@id\":\"https:\/\/www.nerdwallet.com\/ca\/#website\"},\"datePublished\":\"2022-10-28T19:39:51+00:00\",\"dateModified\":\"2025-06-09T14:32:47+00:00\",\"description\":\"Compare 5-year fixed mortgage rates in Canada. Our rates table is updated everyday to help you find the best 5-year fixed mortgage rates.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.nerdwallet.com\/ca\/mortgages\/best-5-year-fixed-mortgage-rates-in-canada#breadcrumb\"},\"inLanguage\":\"en-CA\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.nerdwallet.com\/ca\/mortgages\/best-5-year-fixed-mortgage-rates-in-canada\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.nerdwallet.com\/ca\/mortgages\/best-5-year-fixed-mortgage-rates-in-canada#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.nerdwallet.com\/ca\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Mortgages\",\"item\":\"https:\/\/www.nerdwallet.com\/ca\/mortgages\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"5-Year Fixed Mortgage Rates\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.nerdwallet.com\/ca\/#website\",\"url\":\"https:\/\/www.nerdwallet.com\/ca\/\",\"name\":\"NerdWallet Canada\",\"description\":\"NerdWallet, make all the right money moves.\",\"publisher\":{\"@id\":\"https:\/\/www.nerdwallet.com\/ca\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.nerdwallet.com\/ca\/?s={search_term_string}&submit=Search\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-CA\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.nerdwallet.com\/ca\/#organization\",\"name\":\"NerdWallet Canada\",\"url\":\"https:\/\/www.nerdwallet.com\/ca\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-CA\",\"@id\":\"https:\/\/www.nerdwallet.com\/ca\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.nerdwallet.com\/ca\/wp-content\/uploads\/sites\/2\/2021\/06\/NerdWallet-bug.svg\",\"contentUrl\":\"https:\/\/www.nerdwallet.com\/ca\/wp-content\/uploads\/sites\/2\/2021\/06\/NerdWallet-bug.svg\",\"width\":1,\"height\":1,\"caption\":\"NerdWallet Canada\"},\"image\":{\"@id\":\"https:\/\/www.nerdwallet.com\/ca\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/NerdWallet\",\"https:\/\/twitter.com\/NerdWallet\",\"https:\/\/www.instagram.com\/NerdWallet\"]}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"5-Year Fixed Mortgage Rates in Canada (Updated Daily) - NerdWallet","description":"Compare 5-year fixed mortgage rates in Canada. Our rates table is updated everyday to help you find the best 5-year fixed mortgage rates.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.nerdwallet.com\/ca\/mortgages\/best-5-year-fixed-mortgage-rates-in-canada","og_locale":"en_US","og_type":"article","og_title":"5-Year Fixed Mortgage Rates in Canada (Updated Daily) - NerdWallet","og_description":"Compare 5-year fixed mortgage rates in Canada. Our rates table is updated everyday to help you find the best 5-year fixed mortgage rates.","og_url":"https:\/\/www.nerdwallet.com\/ca\/mortgages\/best-5-year-fixed-mortgage-rates-in-canada","og_site_name":"NerdWallet Canada","article_publisher":"https:\/\/www.facebook.com\/NerdWallet","article_modified_time":"2025-06-09T14:32:47+00:00","og_image":[{"width":2121,"height":912,"url":"https:\/\/www.nerdwallet.com\/ca\/wp-content\/uploads\/sites\/2\/2022\/03\/GettyImages-1270110980-e1647903056478.jpg","type":"image\/jpeg"}],"twitter_card":"summary_large_image","twitter_site":"@NerdWallet","twitter_misc":{"Est. reading time":"14 minutes","Written by":"Clay Jarvis"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.nerdwallet.com\/ca\/mortgages\/best-5-year-fixed-mortgage-rates-in-canada","url":"https:\/\/www.nerdwallet.com\/ca\/mortgages\/best-5-year-fixed-mortgage-rates-in-canada","name":"5-Year Fixed Mortgage Rates in Canada (Updated Daily) - NerdWallet","isPartOf":{"@id":"https:\/\/www.nerdwallet.com\/ca\/#website"},"datePublished":"2022-10-28T19:39:51+00:00","dateModified":"2025-06-09T14:32:47+00:00","description":"Compare 5-year fixed mortgage rates in Canada. Our rates table is updated everyday to help you find the best 5-year fixed mortgage rates.","breadcrumb":{"@id":"https:\/\/www.nerdwallet.com\/ca\/mortgages\/best-5-year-fixed-mortgage-rates-in-canada#breadcrumb"},"inLanguage":"en-CA","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.nerdwallet.com\/ca\/mortgages\/best-5-year-fixed-mortgage-rates-in-canada"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.nerdwallet.com\/ca\/mortgages\/best-5-year-fixed-mortgage-rates-in-canada#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.nerdwallet.com\/ca\/"},{"@type":"ListItem","position":2,"name":"Mortgages","item":"https:\/\/www.nerdwallet.com\/ca\/mortgages"},{"@type":"ListItem","position":3,"name":"5-Year Fixed Mortgage Rates"}]},{"@type":"WebSite","@id":"https:\/\/www.nerdwallet.com\/ca\/#website","url":"https:\/\/www.nerdwallet.com\/ca\/","name":"NerdWallet Canada","description":"NerdWallet, make all the right money moves.","publisher":{"@id":"https:\/\/www.nerdwallet.com\/ca\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.nerdwallet.com\/ca\/?s={search_term_string}&submit=Search"},"query-input":"required name=search_term_string"}],"inLanguage":"en-CA"},{"@type":"Organization","@id":"https:\/\/www.nerdwallet.com\/ca\/#organization","name":"NerdWallet Canada","url":"https:\/\/www.nerdwallet.com\/ca\/","logo":{"@type":"ImageObject","inLanguage":"en-CA","@id":"https:\/\/www.nerdwallet.com\/ca\/#\/schema\/logo\/image\/","url":"https:\/\/www.nerdwallet.com\/ca\/wp-content\/uploads\/sites\/2\/2021\/06\/NerdWallet-bug.svg","contentUrl":"https:\/\/www.nerdwallet.com\/ca\/wp-content\/uploads\/sites\/2\/2021\/06\/NerdWallet-bug.svg","width":1,"height":1,"caption":"NerdWallet Canada"},"image":{"@id":"https:\/\/www.nerdwallet.com\/ca\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/NerdWallet","https:\/\/twitter.com\/NerdWallet","https:\/\/www.instagram.com\/NerdWallet"]}]}},"_links":{"self":[{"href":"https:\/\/www.nerdwallet.com\/ca\/wp-json\/wp\/v2\/pages\/14467"}],"collection":[{"href":"https:\/\/www.nerdwallet.com\/ca\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.nerdwallet.com\/ca\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.nerdwallet.com\/ca\/wp-json\/wp\/v2\/users\/25"}],"replies":[{"embeddable":true,"href":"https:\/\/www.nerdwallet.com\/ca\/wp-json\/wp\/v2\/comments?post=14467"}],"version-history":[{"count":330,"href":"https:\/\/www.nerdwallet.com\/ca\/wp-json\/wp\/v2\/pages\/14467\/revisions"}],"predecessor-version":[{"id":81937,"href":"https:\/\/www.nerdwallet.com\/ca\/wp-json\/wp\/v2\/pages\/14467\/revisions\/81937"}],"up":[{"embeddable":true,"href":"https:\/\/www.nerdwallet.com\/ca\/wp-json\/wp\/v2\/pages\/106"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.nerdwallet.com\/ca\/wp-json\/wp\/v2\/media\/4857"}],"wp:attachment":[{"href":"https:\/\/www.nerdwallet.com\/ca\/wp-json\/wp\/v2\/media?parent=14467"}],"wp:term":[{"taxonomy":"content-classification","embeddable":true,"href":"https:\/\/www.nerdwallet.com\/ca\/wp-json\/wp\/v2\/content-classification?post=14467"},{"taxonomy":"topic","embeddable":true,"href":"https:\/\/www.nerdwallet.com\/ca\/wp-json\/wp\/v2\/topic?post=14467"},{"taxonomy":"cluster","embeddable":true,"href":"https:\/\/www.nerdwallet.com\/ca\/wp-json\/wp\/v2\/cluster?post=14467"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/www.nerdwallet.com\/ca\/wp-json\/wp\/v2\/pp_author?post=14467"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}