3-Year Fixed Mortgage Rates

Updated September 20th, 2020

Best 3-Year Fixed Rate
1.49%
Get This Rate
Mortgage Term:

Number of Years

Fixed or Variable

Home Price:
Downpayment:
%
Mortgage Amount:
Click to Open Additional Options
LenderRateWeekly ChangeMonthly Payment
Best 3-Year fixed Rate
Citadel Mortgages
Citadel Mortgages
Get This Rate
1.49%
3-YEAR FIXED
Gold Medal
No change
$1,897
Gold Medal
Dominion Lending
Dominion Lending
Get This Rate
1.74%
3-YEAR FIXED
No change
$1,897
+$56
MtgAlliance
MtgAlliance
Get This Rate
1.84%
3-YEAR FIXED
No change
$1,897
+$79
FN
FN
Get This Rate
1.84%
3-YEAR FIXED
No change
$1,897
+$79
HSBC
HSBC
1.99%
3-YEAR FIXED
No change
$1,897
+$114
Simplii Financial
Simplii Financial
2.07%
3-YEAR FIXED
No change
$1,897
+$132
Coast Capital
Coast Capital
Get This Rate
2.09%
3-YEAR FIXED
No change
$1,897
+$137
Alterna Savings
Alterna Savings
Get This Rate
2.14%
3-YEAR FIXED
No change
$1,897
+$148
TD
TD
Get This Rate
2.14%
3-YEAR FIXED
-0.05%
$1,897
+$148
motusbank
motusbank
2.14%
3-YEAR FIXED
No change
$1,897
+$148
Tangerine
Tangerine
Get This Rate
2.19%
3-YEAR FIXED
No change
$1,897
+$160
RBC
RBC
2.19%
3-YEAR FIXED
No change
$1,897
+$160
BMO
BMO
2.19%
3-YEAR FIXED
No change
$1,897
+$160
CMLS
CMLS
Get This Rate
2.24%
3-YEAR FIXED
No change
$1,897
+$172
Peoples Bank
Peoples Bank
Get This Rate
2.29%
3-YEAR FIXED
No change
$1,897
+$184
National
National
Get This Rate
3.54%
3-YEAR FIXED
No change
$1,897
+$491
CIBC
CIBC
3.59%
3-YEAR FIXED
No change
$1,897
+$503
Desjardins
Desjardins
Get This Rate
3.74%
3-YEAR FIXED
No change
$1,897
+$542
Scotiabank
Scotiabank
Get This Rate
3.79%
3-YEAR FIXED
No change
$1,897
+$555
Equitable
Equitable
Get This Rate
3.79%
3-YEAR FIXED
No change
$1,897
+$555
DUCA
DUCA
Get This Rate
3.84%
3-YEAR FIXED
0.35%
$1,897
+$568

Notes

  • Weekly rate changes based on data from September 2nd 2020.
  • These rates are for Prime customers. To qualify, you generally need a good credit score and a steady job.
  • The following rates may not be valid for uninsured mortgages.

Canada's Top Mortgage: the 5-Year Fixed

In Canada, out of the $1.1 trillion CAD in outstanding residential mortgages in May 2020, the 5-year fixed rate mortgage takes the crown with over $570 billion, or almost 50%, of all mortgages in Canada. There are more 5-year fixed rate mortgages than all variable rate mortgages combined. The 5-year fixed rate mortgage is so popular that the CMHC uses the Bank of Canada's 5-Year Benchmark Posted Rate for its mortgage stress test.

Comparison of Fixed-Rate Mortgages in Canada

Data From Statistics Canada (May 2020)

While we try our best to get your the best rates, we cannot guarantee that they are always accurate. WOWA assumes no liability for the accuracy of the information presented, and will not be held responsible for any damages resulting from its use.