Best Mortgage Rates

5-Year Fixed Mortgage Rates

WOWA and Mortgauge have teamed up to provide you with some of the lowest mortgage rates in Canada. Working with us can get you access to rates you will never find just walking into a bank as well as professional guidance and alternative lenders. See how our rates compare with the major banks and lenders below, or get our rate now. You can also find out more about the advantages of working with a mortgage broker.

Term

5-Year

Home Pricehelp

The current price of your home.

Down Paymenthelp

The amount paid upfront. In Canada, the minimum down payment is 5%. Mortgage default insurance (commonly referred to as CMHC insurance) is required for down payments under 20%.

% =
SourceRateMonthly Payment
Mortgauge
In collaboration with WOWA
2.49%5-Year Fixed
$2,2102.21k/month
Tangerine
2.89%5-Year Fixed
$2,3102.31k/month
CIBC
2.94%5-Year Fixed
$2,3232.32k/month
Equitable
2.94%5-Year Fixed
$2,3232.32k/month
TD
2.99%5-Year Fixed
$2,3352.34k/month
BMO
2.99%5-Year Fixed
$2,3352.34k/month
Desjardins
2.99%5-Year Fixed
$2,3352.34k/month
Lauretian
3.09%5-Year Fixed
$2,3612.36k/month
CMLS
3.14%5-Year Fixed
$2,3732.37k/month
RBC
3.34%5-Year Fixed
$2,4252.42k/month
National
5.04%5-Year Fixed
$2,8842.88k/month

Notes

  • 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.
  • You have chosen a fixed term. There may be large penalties for breaking the mortgage during the term.
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Save over $10,000 on your mortgage.
2.49%*5-Year Fixed

Lower than the Major Banks

2.87%
2.94%
3.24%
3.34%

* For mortgages of at least $500,000 with down payment under 20%.
Rates provided by Mortgauge Corporation. WOWA assumes no liability for the accuracy of information presented.
† For mortgages of at least $500,000 over a 25-year amortization period.

Rates are provided by Mortgauge corporation. WOWA assumes no liability for the accuracy of information presented, and will not be held responsible for any damages resulting from its use. Rates shown are for high-ratio mortgages under 25-year amortization.