Mortgage rates by term
6-month to 10-year leaderboards in one place.
Read more →Best 5-Year Mortgage Rates
All Canada
Looking for the lowest 5-year mortgage rate? We show the posted rates in our feed and which lenders serve your province —data as of 2026-10-16. Our mortgage roster is deliberately small today and grows as new sources come online.
Top 5-year mortgage rates in All Canada
ⓘ The best rates we track for your filters.
FirstOntario Credit UnionVariable mortgageInsuredPromoTerm: 5 years · Closed
Posted rate3.45%
Lender profile →Product details
Mainstreet Credit UnionVariable mortgageInsuredTerm: 5 years · Closed
Posted rate3.45%
Lender profile →Product details
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Get rate alertsTop 10 5-Year mortgage rates in All Canada
ⓘ The ten lowest rates in your selected region — one per lender.
- 1Meridian Credit UnionVariable · Closed · Insured3.44%
- 2FirstOntario Credit UnionVariable · Closed · Insured · Promo3.45%
- 3Mainstreet Credit UnionVariable · Closed · Insured3.45%
- 4True North MortgageVariable · Closed · Insured3.49%
- 5Cambrian Credit UnionVariable · Closed3.50%
- 6Northern Birch Credit UnionVariable · Closed · Insured3.54%
- 7Lakeland Credit UnionVariable · Closed · Insured3.55%
- 8Northern Savings Credit UnionVariable · Closed3.55%
- 9Assiniboine Credit UnionVariable · Closed3.60%
- 10EQ BankVariable · Closed3.60%
Understanding mortgage terms
What is a mortgage term?
The term is how long your rate and conditions are locked — commonly 6 months to 10 years — which is separate from the amortization (the total time to pay off the loan, often 25 years). At the end of each term you renew at the prevailing rate.
Fixed vs variable
A fixed rate stays the same for the whole term, so your payment is predictable. A variable rate moves with the lender's prime rate — it often starts lower but can rise. Every rate here is labelled; use the rate-type filter above to see one or the other.
Open vs closed
A closed mortgage locks you in for the term (breaking it early costs a penalty) in exchange for a lower rate. An open mortgage can be paid off any time without penalty, at a higher rate. Most borrowers choose closed; open suits you if a sale or lump sum is coming.
How do I choose a 5-year term?
A 5-year term locks your rate for 5 years. Shorter terms keep you flexible if you expect rates to fall or plan to move; longer terms lock in predictability. The 5-year fixed is the Canadian default, but a shorter term can win if rates drop before renewal.
Get started today
Use the table below to compare every 5-year mortgage in our feed for your region, then confirm the current rate and terms directly with the lender. Posted rates are a starting point — your actual offer depends on your file.
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All 5-year mortgage rates in All Canada
ⓘ Every 5-year mortgage in our feed for your region — 149 lenders carry this term today. The roster grows as sources come online.
Rate type:Open / closed:
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Our mortgage feed is deliberately small today and growing. Let us do the hard work — sign up on the home page and you'll be the first to know when new lenders and lower 5-year rates land.
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