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5 Year Fixed Rates

Traditionally the most popular term in Canada, the 5 year fixed rate is a logical consideration for any borrower. In fact, more than 48% of all mortgages set up in the last several years were 5 year fixed rates. By securing a great rate for half a decade, borrowers can "set-and-forget" their payment without having to worry about mortgage headlines getting the better of their emotions. Because of this certainty, lenders will often require a 5 year fixed for those on the edge of qualification.

5 Year Fixed Current Market Statistics

Total Rates: 42
Average Rate: 3.74%
Highest Rate: 5.04%
Lowest Rate: 3.34%

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Current 5 Year Fixed Rates

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Interest Rate, Low to High
42 Rates Found
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