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1 Year Fixed Rates

While only about 5% of Canadian homebuyers elect to go with a 1 year fixed rate, there are often very good reasons to consider this short term option; an upcoming move or the expectation of lower rates may be among them. In a typical market, a 1 year term is among the lowest rates available and will closely track variable rates. Yet along those lines, most borrowers will find that renewing (or re-qualifying for) a mortgage annually isn't worth the trouble and instead elect to go variable.

1 Year Fixed Current Market Statistics

Total Rates: 29
Average Rate: 3.71%
Highest Rate: 5.04%
Lowest Rate: 2.79%

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Current 1 Year Fixed Rates

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Interest Rate, Low to High
29 Rates Found
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