4-Year Fixed Mortgage Rates

Updated September 25th, 2020

Best 4-Year Fixed Rate
1.74%
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Mortgage Term:

Number of Years

Fixed or Variable

Home Price:
Downpayment:
%
Mortgage Amount:
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LenderRateWeekly ChangeMonthly Payment
Best 4-Year fixed Rate
Citadel Mortgages
Citadel Mortgages
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1.74%
4-YEAR FIXED
Gold Medal
No change
$1,954
Gold Medal
MtgAlliance
MtgAlliance
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1.84%
4-YEAR FIXED
No change
$1,954
+$23
FN
FN
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1.84%
4-YEAR FIXED
No change
$1,954
+$23
motusbank
motusbank
1.95%
4-YEAR FIXED
-0.19%
$1,954
+$48
Simplii Financial
Simplii Financial
2.02%
4-YEAR FIXED
No change
$1,954
+$64
CMLS
CMLS
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2.04%
4-YEAR FIXED
-0.20%
$1,954
+$69
Coast Capital
Coast Capital
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2.09%
4-YEAR FIXED
No change
$1,954
+$80
Alterna Savings
Alterna Savings
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2.14%
4-YEAR FIXED
No change
$1,954
+$92
National
National
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2.14%
4-YEAR FIXED
-1.95%
$1,954
+$92
Tangerine
Tangerine
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2.19%
4-YEAR FIXED
No change
$1,954
+$104
Dominion Lending
Dominion Lending
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2.24%
4-YEAR FIXED
No change
$1,954
+$116
RBC
RBC
2.24%
4-YEAR FIXED
No change
$1,954
+$116
Peoples Bank
Peoples Bank
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2.29%
4-YEAR FIXED
No change
$1,954
+$127
Equitable
Equitable
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3.64%
4-YEAR FIXED
No change
$1,954
+$460
TD
TD
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3.74%
4-YEAR FIXED
No change
$1,954
+$486
DUCA
DUCA
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3.94%
4-YEAR FIXED
0.35%
$1,954
+$538
HSBC
HSBC
4.09%
4-YEAR FIXED
No change
$1,954
+$577
Scotiabank
Scotiabank
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4.09%
4-YEAR FIXED
No change
$1,954
+$577
BMO
BMO
4.24%
4-YEAR FIXED
No change
$1,954
+$617
CIBC
CIBC
4.24%
4-YEAR FIXED
No change
$1,954
+$617
Desjardins
Desjardins
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4.29%
4-YEAR FIXED
No change
$1,954
+$630

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)

Best Mortgage Rates

Calculators and Tools

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.