Compare 20+ mortgage rates from top banks and brokers with LowestRates.ca.
Find the best 4-year fixed mortgage rate in just 3 minutes.
Compare rates from Canada's top banks and brokers
have compared rates and saved money over the last 24 hours
First, choose whether you're buying a new home, refinancing or renewing, and fill in a few details. It only takes 3 minutes, and it’s 100% confidential.
Next, we’ll show you quotes from 50+ Canadian banks and brokers. It’s free, with no commitment.
When you find the best quote, secure your rate by talking to a licensed broker or agent.
Check out today's best mortgage rates in Canada by type and term.
| 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 5.04% | 80% LTV 4.19% | 65% LTV 4.19% | Uninsured 6.63% | 6.29% | ||
Insured 4.64% | 80% LTV 4.09% | 65% LTV 4.09% | Uninsured 4.64% | 5.59% | ||
Insured 4.14% | 80% LTV 4.14% | 65% LTV 4.14% | Uninsured 4.39% | 4.89% | ||
Insured 4.29% | 80% LTV 4.14% | 65% LTV 4.14% | Uninsured 4.54% | 4.74% | ||
Insured 3.99% | 80% LTV 3.99% | 65% LTV 3.99% | Uninsured 4.19% | 4.59% | ||
Insured 4.44% | 80% LTV 4.39% | 65% LTV 4.39% | Uninsured 5.9% | 5.5% | ||
Insured 5.09% | 80% LTV 4.74% | 65% LTV 4.74% | Uninsured 5.9% | 7.14% | ||
Insured 4.6% | 80% LTV 4.95% | 65% LTV 4.95% | Uninsured 4.95% | 6.85% | ||
Insured 4.4% | 80% LTV 4.55% | 65% LTV 4.45% | Uninsured 4.45% | 4.65% | ||
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 |
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.
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.
| Period |
|---|
Source: Posted mortgage rates by Canada’s six major banks (RBC, TD, Scotiabank, BMO, CIBC and National Bank)
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.
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.
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.
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.
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.
HomebuyingAfter the federal government extended its ban on foreign ownership of Canadian housing earlier this year, foreign invest...
HomebuyingFor a majority of Canadians, buying a home will be the biggest purchase they ever make. And unlike many purchases you ma...