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The best current mortgage rates in Canada
Check out today's best mortgage rates in Canada by type and term.
Rates are based on an average mortgage of $300,000
Updated 10:17 UTC on Jun 5, 2025
| Insured ? | 80% LTV ? The rates in this column apply to mortgage amounts between 65.01% and 80% of the property value. The home must be owner-occupied and have an amortization of 25 years or less. You must have purchased it for less than $1 million. These rates are not available on refinances. Refinances require "Uninsured" rates. | 65% LTV ? The rates in this column apply to mortgage amounts that are 65% of the property value or less. The home must be owner-occupied and have an amortization of 25 years or less. You must have purchased it for less than $1 million. These rates are not available on refinances. Refinances require "Uninsured" rates. | Uninsured ? | Bank Rate ? | ||
|---|---|---|---|---|---|---|
Insured 4.69% | 80% LTV 4.19% | 65% LTV 4.19% | Uninsured 5.59% | 5.49% | ||
Insured 4.04% | 80% LTV 3.89% | 65% LTV 3.89% | Uninsured 4.7% | 4.79% | ||
Insured 3.87% | 80% LTV 3.99% | 65% LTV 3.99% | Uninsured 4.24% | 4.39% | ||
Insured 3.99% | 80% LTV 3.99% | 65% LTV 3.99% | Uninsured 4.44% | 4.39% | ||
Insured 3.91% | 80% LTV 3.89% | 65% LTV 3.89% | Uninsured 3.91% | 4.09% | ||
Insured 4.39% | 80% LTV 4.24% | 65% LTV 4.24% | Uninsured 5.19% | 5% | ||
Insured 5.04% | 80% LTV 4.34% | 65% LTV 4.34% | Uninsured 5.29% | 6.09% | ||
Insured 4.15% | 80% LTV 4.3% | 65% LTV 4.3% | Uninsured 4.4% | 6.35% | ||
Insured 3.95% | 80% LTV 3.95% | 65% LTV 3.95% | Uninsured 4.05% | 4.25% | ||
Insured N/A | 80% LTV N/A | 65% LTV N/A | Uninsured N/A | N/A | ||
Insured 5.25% | 80% LTV 5.25% | 65% LTV 5.25% | Uninsured 5.25% | N/A |
4-year fixed-rate mortgages in Canada: what you need to know.
Are you the type of person who prefers to know exactly what your mortgage payment will be for the next 48 months? Do you also like the idea of being able to renew your mortgage in less than five years because you believe that interest rates will remain low?
If so, then a 4-year fixed rate mortgage may be the ideal solution for you.
Most Canadian consumers choose 3 or 5-year mortgages. Because of this, there are the mortgage terms LowestRates.ca can compare in our digital marketplace.
However, we can still help you get a 4 year fixed-rate mortgage. LowestRates.ca will connect you to a broker who can compare 4-year fixed rate mortgages from multiple Canadian lenders with you.
To get connected with a broker, we recommend applying for either a 3 or 5-year mortgage on our site. Just indicate whether you’re renewing, refinancing or taking out a brand-new mortgage. Next, click the pink "Get Started" button. In three minutes or less, we’ll connect you with a bank or broker who can run a 4-year fixed mortgage rates comparison.
Many mortgage-seekers have questions like, "What is the best 4 year fixed rate mortgage?" and "What is the lowest 4-year fixed rate mortgage?" Keep scrolling to learn the answers to these questions and more.
Find the best and lowest 4-year fixed mortgage rates in Canada today with help from LowestRates.ca.
Historical 4-year fixed mortgage rates in Canada
As a borrower, it is important for you to understand historical mortgage rates for gaining insights into the present rates and making well-informed decisions when purchasing real estate. Although mortgage rates may fluctuate due to economic and policy changes or inflation, recognizing their historical trends can help you determine the right time for you to buy a house or refinance a mortgage.
Historically, mortgage rates have gone through significant fluctuations over the last four years. When comparing mortgage rates, it’s essential to consider other factors like home prices and inflation. When rates are low, it’s an opportune time to lock in a mortgage, while higher rates may warrant waiting or exploring other options.
Generally speaking, historical mortgage rates provide valuable context for borrowers, allowing them to navigate the housing market more effectively and make financially sound choices.
Canada 4 Years fixed Mortgage Rates History (2020 – 2025)
| Period | BMO | TD Bank | National Bank | Scotiabank | RBC | CIBC |
|---|---|---|---|---|---|---|
| Jun 2024 | 6.99% | 6.79% | 5.59% | 6.74% | 5.29% | 6.89% |
| May 2024 | 6.99% | 6.79% | 5.59% | 6.74% | 5.29% | 6.89% |
| Apr 2024 | 6.99% | 6.79% | 5.59% | 6.74% | 5.29% | 6.89% |
| Mar 2024 | 6.99% | 6.79% | 5.59% | 6.74% | 5.29% | 6.89% |
| Feb 2024 | 6.99% | 6.79% | 6.79% | 6.74% | 5.29% | 6.89% |
| Jan 2024 | 6.99% | 6.99% | 6.99% | 6.84% | 5.29% | 6.84% |
| Dec 2023 | 6.99% | 6.99% | 6.99% | 6.84% | 7.09% | 6.99% |
| Nov 2023 | 6.99% | 6.99% | 6.99% | 6.84% | 7.09% | 6.99% |
| Oct 2023 | 6.99% | 6.99% | 6.99% | 6.84% | 7.09% | 6.89% |
| Sep 2023 | 6.99% | 6.79% | 6.79% | 6.84% | 7.09% | 6.89% |
| Aug 2023 | 6.99% | 6.59% | 6.69% | 6.64% | 6.89% | 6.89% |
| Jul 2023 | 6.99% | 6.29% | 6.09% | 6.64% | 6.74% | 6.29% |
| Jun 2023 | 6.99% | 6.29% | 6.09% | 6.64% | 6.74% | 6.29% |
| May 2023 | 6.04% | 6.09% | 5.64% | 6.34% | 5.54% | 6.04% |
| Apr 2023 | 6.04% | 6.09% | 6.09% | 6.34% | 5.54% | 6.04% |
| Mar 2023 | 6.04% | 6.09% | 5.64% | 6.34% | 5.64% | 6.04% |
| Feb 2023 | 6.04% | 6.09% | 5.64% | 6.34% | 5.64% | 6.04% |
| Jan 2023 | 6.04% | 6.09% | 6.09% | 6.04% | 5.64% | 6.04% |
| Dec 2022 | 6.04% | 6.09% | 5.49% | 5.79% | 5.64% | 6.04% |
| Nov 2022 | 6.04% | 6.09% | 5.54% | 5.79% | 5.54% | 5.79% |
| Oct 2022 | 5.99% | 6.09% | 6.04% | 5.79% | 5.44% | 5.49% |
| Sep 2022 | 5.99% | 4.09% | 5.99% | 4.09% | 5.44% | 5.49% |
| Aug 2022 | 5.09% | 4.09% | 5.39% | 4.09% | 5.44% | 5.49% |
| Jul 2022 | 5.29% | 4.09% | 5.64% | 4.09% | 5.24% | 4.59% |
| Jun 2022 | 4.94% | 4.09% | 4.94% | 4.09% | 4.49% | 4.79% |
| May 2022 | 4.34% | 3.74% | 4.40% | 4.09% | 4.04% | 4.39% |
| Apr 2022 | 4.19% | 3.74% | 4.09% | 4.09% | 3.59% | 4.24% |
| Mar 2022 | 4.09% | 3.74% | 4.09% | 3.89% | 3.99% | 4.24% |
| Feb 2022 | 4.09% | 3.74% | 4.99% | 3.89% | 3.09% | 4.24% |
| Jan 2022 | 4.09% | 3.74% | 4.89% | 3.89% | 2.94% | 4.24% |
| Dec 2021 | 4.09% | 3.74% | 4.09% | 3.89% | 2.84% | 4.24% |
| Nov 2021 | 4.09% | 3.74% | 4.09% | 3.89% | 2.69% | 4.24% |
| Oct 2021 | 4.09% | 3.74% | 4.09% | 3.89% | 3.99% | 4.24% |
| Sep 2021 | 4.09% | 3.74% | 4.09% | 3.89% | 3.99% | 4.24% |
| Aug 2021 | 4.09% | 3.74% | 4.39% | 3.89% | 4.09% | 4.24% |
| Jul 2021 | 4.09% | 3.74% | 4.39% | 3.89% | 2.39% | 4.24% |
| Jun 2021 | 4.09% | 3.74% | 4.09% | 3.89% | 2.39% | 4.24% |
| May 2021 | 4.09% | 3.74% | 4.39% | 3.89% | 2.39% | 4.24% |
| Apr 2021 | 4.09% | 3.74% | 4.09% | 3.89% | 4.09% | 4.24% |
| Mar 2021 | 1.99% | 3.74% | 4.19% | 3.89% | 4.09% | 4.24% |
| Feb 2021 | 4.09% | 3.74% | 4.09% | 3.89% | 4.09% | 4.24% |
| Jan 2021 | 4.09% | 3.74% | 4.04% | 4.09% | 2.04% | 4.24% |
| Dec 2020 | 4.24% | 3.74% | 4.09% | 4.09% | 4.09% | 4.24% |
| Nov 2020 | 4.24% | 3.74% | 4.09% | 4.09% | 4.09% | 4.24% |
| Oct 2020 | 4.24% | 3.74% | 4.09% | 4.09% | 4.09% | 4.24% |
| Sep 2020 | 4.24% | 3.74% | 4.29% | 4.09% | 4.09% | 4.24% |
| Aug 2020 | 4.34% | 3.94% | 4.44% | 4.09% | 4.44% | 4.34% |
| Jul 2020 | 4.34% | 3.94% | 4.44% | 4.19% | 4.44% | 4.34% |
| Jun 2020 | 4.34% | 3.94% | 4.44% | 4.19% | 2.74% | 4.34% |
| May 2020 | 4.64% | 3.94% | 4.64% | 4.19% | 4.64% | 4.34% |
| Apr 2020 | 4.64% | 3.94% | 4.64% | 4.19% | 4.64% | 4.49% |
| Mar 2020 | 4.89% | 3.94% | 4.64% | 4.19% | 3.09% | 4.49% |
| Feb 2020 | 4.89% | 3.94% | 4.64% | 4.19% | 3.09% | 4.49% |
| Jan 2020 | 4.89% | 3.94% | 4.64% | 4.19% | 3.24% | 4.49% |
Source: Posted mortgage rates by Canada’s six major banks (RBC, TD, Scotiabank, BMO, CIBC and National Bank)
Your questions about 4-year fixed-rate mortgages, answered.
When should you consider a 4-year fixed-rate loan?
A 4-year fixed-rate mortgage loan is a very specific mortgage product. It’s not very common in Canada; most people choose a 5-year fixed rate. Because five-year terms are more popular, you might find a better deal by choosing a 5-year fixed rate. They’re both similar in terms of length (they’re medium-term mortgage lengths) and they often have very comparable rates. A four-year term is probably the right option for someone who has exactly four years left on their mortgage.
Are 4-year fixed-rate mortgages better than other mortgage terms?
The best mortgage is one that fits a borrower’s individual needs. So, four-year mortgage terms aren’t necessarily better or worse than other mortgages. The best strategy is to find the perfect mix of mortgage term, rate, and features that fit your specific needs. That’s why it’s a great idea to compare mortgages and figure out what you value most in a mortgage. Comparing rates from different lenders on LowestRates.ca can help you figure that out, so you can make the best decision for your short- and long-term financial future.
What is a good 4-year fixed mortgage rate?
A good mortgage rate is all about perspective. Since mortgage rates are constantly changing, what is considered good today might not be considered good tomorrow, or vice versa. Additionally, a good rate is in the eye of the beholder. Lenders use a number of factors to determine what rates to offer borrowers. To ensure you qualify for the best rate possible, you’ll want to have a good credit score, a sufficient down payment, good credit and debt history, a decent income and stable employment history.
How is the 4-year fixed mortgage rate set?
Fixed rates are heavily influenced by Government of Canada bonds. Bonds are a safe investment type offered by banks that pay investors a set amount of money over time, until the end of the investment term when the principal investment is returned. Because of the safety of bonds, banks will use those profits to help fund their mortgages. Bond yields and fixed mortgage rates are related — when bond yields rise, fixed mortgage rates tend to rise as well.
How much can you save comparing 4-year fixed rates in Canada with LowestRates.ca?
To date, LowestRates.ca has helped our users save $1 billion in interest and fees. Even a decimal point in savings can save a mortgage borrower hundreds, or even thousands of dollars, a year. That’s why it’s important to compare mortgage rates to help you find the best deals available. It can save you tens of thousands of dollars over the lifetime of your mortgage.
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