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Based on 429 reviews
May 18
Sandra was amazingly personable
Sandra was amazingly personable, efficient and knowledgeable. Kudos! A great ser...
Rachel Constantine
May 13
Car and home insurance
It was great experience and very helpful for what I needed!!!!
Maria GEstrela
May 11
Very accurate quotes that are fast …
Very accurate quotes that are fast thanks guys
May 10
Very pleasant and helpful
Very pleasant and helpful. No pressure there for the client
Dakota JCooper
May 6
Great help and very nice people
Great help and very nice people, got everything figured out fast!
May 5
They so friendly and informative
They so friendly and informative! Keep it up
Emmanuel CVillafuerte
May 5
Quick and courteous follow-up
Quick and courteous follow-up, connected me with a broker instantly.
April 27
Great experience
Was great, provided a few quotes and I felt no pressure to accept any of them. I...
April 19
This company does Follow up and Follow…
This company does Follow up and Follow through and that is so necessary because ...
Wendy Kinsey
April 13
Quick to respond and very competitive…
Quick to respond and very competitive rates offered.
Vincent EdwardWarren
April 13
Awesome service easy to deal with fast…
Awesome service easy to deal with fast and friendly
April 12
very fast service
very fast service, polite, efficient
April 11
yes it was quick and easy
yes it was quick and easy, like 100%
April 8
I spoke with Barb and she was very…
I spoke with Barb and she was very polite knowledgeable and friendly and profess...
Elena LiaBogdan
April 4
Its a good experience.
AnjoeTharakan Antony
March 20
Real options to save
Lowest Rates. CA has been extremely helpful I've gone through my ups and downs b...
Amir Isakovic
March 15
Very good.
Very good, and the Rates you have stated is great. Please wait till I see the ba...
Ian Stevens
March 10
Good customer service
Good customer service
Lina Bella
March 3
Great team and amazing communication…
Great team and amazing communication skills. Very straight forward to get an est...
Andre F MPereira
January 8
fast and easy
fast and easy
moira fortin
November 4
It was a good experience
It was a good experience
October 26
Easy to use
Easy to use, easy to find the result that you're looking for! 5 star coverage!
October 15
Great service and very helpful :) would…
Great service and very helpful :) would definitely recommend
Emily Peacock
October 14
It's great
It's great, found the best rates.
Chirath Ranaweera
October 14
Fast and pleasant experience
Fast and pleasant experience. Saved a lot of money too!
October 14
Fast response
Fast response
October 13
From the online process to the first…
From the online process to the first contact speaking to a rep it’s was a good...
Rose Daniel
October 13
A very pleasant contact
A very pleasant contact, without rep talking over my head., It was very infor...
Margaret Markson
September 30 is the best out there is the best out there. They are fast efficient and gets job done...
Maria M. T.
August 31
very quick and reliable rates
very quick and reliable rates
Tracie N

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10-year fixed-rate mortgages in Canada: what you need to know.

A 10-year fixed-rate mortgage is the longest mortgage term offered in Canada. It’s the ideal option for Canadians who desire stable mortgage payments over a long period. Ten-year fixed-rate mortgages provide protection from rising interest rates, offering peace of mind to risk-averse homebuyers. However, longer mortgage terms generally come with higher interest rates.

Longer mortgage terms are less popular among consumers. The majority of Canadians choose 3- or 5-year mortgage terms, which is what allows you to compare in our digital marketplace. However, we can connect you with a broker who can help you find 10-year fixed rate mortgage deals from top lenders in Canada’s free, no-obligation quote tool can help you quickly compare mortgage rates from 75+ Canadian banks and brokers to find the one that’s right for you. Enter your postal code above and click “Get Started” to see available terms and mortgage rates.

Your questions about 10-year fixed-rate mortgages, answered.

When should you consider a 10-year fixed-rate loan?

A 10-year fixed-rate mortgage is for homebuyers who are risk averse, budgeting for the long-term, want fixed mortgage payments, and are willing to pay a premium for that stability. You should consider a 10-year fixed rate mortgage if you prize stability above all else, and don’t foresee moving or changing your circumstances in any major way. Second homes, such as a cottage or investment property. However, it is possible to break a 10-year mortgage contract — after five years, the maximum penalty lenders are allowed to charge is three months’ worth of interest.

Are 10-year mortgages better than other mortgage terms?

While fixed rates are popular, 10-year fixed rates are not — in general, longer terms aren’t as popular among Canadian homebuyers. While you might lose out on savings if interest rates go down, it’s hard to predict how much interest rates will fluctuate over a 10-year period. Because banks charge higher interest rates on longer terms, a 10-year fixed rate mortgage may not be the most financially prudent choice. However, the best mortgage term depends on your personal circumstances, and how much you value fixed mortgage payments.

What is a good 10-year mortgage rate?

First, it’s important to note that you’re going to pay a premium to lock in a mortgage rate for 10 years. Posted mortgage rates for 10-year fixed-rate mortgages are higher than short-term mortgages because the lender takes on more risk by allowing borrowers to lock down a particular rate — rates could rise. Second, a “good” mortgage rate depends on where interest rates are sitting in the marketplace. That’s why it’s important to get a personalized quote to see what you qualify for.

How is the 10-year mortgage rate set?

Fixed mortgage rates are influenced by the Government of Canada’s bond market. A government bond is a type of investment where the investor lends the government money for a set amount of time. During that period, the investor receives regular interest payments. When that time is up, the full value is repaid to the investor. Because bonds are the safest type of investment, banks and other lenders use bond yields to cover the cost of mortgages, which are much riskier from a lender’s standpoint. When bond yields go up, mortgage rates will also rise.

How much can you save by comparing 10-year rates in Canada with

Since was founded, we’ve helped our users save $1 billion in interest and fees. When it comes to mortgage rates, even a decimal point or two can save you thousands of dollars in interest payments over the life of your mortgage. Most lenders don’t offer their best rates up front, but aggregates the best rates from banks and brokers across Canada and lets them compete for your business. Mortgage rates vary in different housing markets across Canada, so it’s best to get a personalized quote. Over a long period such as 10 years, even a few percentage points can make a big difference.

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