Best 5-year fixed rates — weekly lender survey
25 lenders surveyed Sep 28–Oct 4, 2026. Type is insured/uninsured as labeled by the source.
| Lender / Broker | Rate | Term | Type | Notes |
|---|---|---|---|---|
| ATB Financial Lowest 5-yr fixed | 4.14% | 5-year | Fixed | insured |
| Butler Mortgage Lowest 5-yr fixed | 4.14% | 5-year | Fixed | broker quote |
| Coast Capital Savings | 4.21% | 5-year | Fixed | insured |
| RFA Bank | 4.29% | 5-year | Fixed | uninsured |
| Wealthsimple | 4.34% | 5-year | Fixed | insured |
| Alterna Bank | 4.44% | 5-year | Fixed | insured |
| Meridian Credit Union | 4.49% | 5-year | Fixed | insured |
| CMLS Financial | 4.49% | 5-year | Fixed | insured |
| True North Mortgage | 4.49% | 5-year | Fixed | insured |
| CIBC | 4.59% | 5-year | Fixed | insured |
| nesto | 4.59% | 5-year | Fixed | insured |
| Manulife Bank | 4.59% | 5-year | Fixed | insured |
| Tangerine | 4.69% | 5-year | Fixed | uninsured |
| Desjardins | 4.69% | 5-year | Fixed | uninsured |
| Equitable Bank | 4.69% | 5-year | Fixed | uninsured |
| RBC | 4.74% | 5-year | Fixed | insured |
| Vancity | 4.79% | 5-year | Fixed | insured |
| Home Trust | 4.79% | 5-year | Fixed | insured |
| BMO | 4.84% | 5-year | Fixed | insured |
| Scotiabank | 4.90% | 5-year | Fixed | uninsured |
| Simplii Financial | 4.94% | 5-year | Fixed | uninsured |
| National Bank | 4.99% | 5-year | Fixed | uninsured |
| First National | 4.99% | 5-year | Fixed | uninsured |
| TD | 5.14% | 5-year | Fixed | insured |
| Laurentian Bank | 5.19% | 5-year | Fixed | uninsured |
Source: latestmortgagerates.ca — Best 5-Year Fixed Mortgage Rates This Week: September 28–October 4, 2026 (all 25 lender quotes above).
Best 5-year variable rates
| Lender / Broker | Rate | Term | Type | Notes |
|---|---|---|---|---|
| nesto Lowest variable | 3.45% | 5-year | Variable | insured — nesto.ca, Oct 2, 2026 |
| rates.ca lowest rate shown | 3.45% | 5-year | Variable | insured column — rates.ca, Oct 3, 2026 |
| Equitable Bank | 3.60% | 5-year | Variable | uninsured — latestmortgagerates.ca below-the-line report, Oct 2026 |
Best 3-year fixed rates
| Lender / Broker | Rate | Term | Type | Notes |
|---|---|---|---|---|
| rates.ca lowest rate shown Lowest 3-yr fixed | 3.86% | 3-year | Fixed | insured column — rates.ca, Oct 3, 2026 |
| nesto | 4.64% | 3-year | Fixed | insured — nesto.ca, Oct 3, 2026 |
Variable and 3-year fixed sources: nesto.ca 5-year variable (Oct 2, 2026), latestmortgagerates.ca below-the-line report, Oct 2026, rates.ca published rate table (Oct 3, 2026), nesto.ca fixed rates (Oct 3, 2026). Rates are best published quotes and may vary by province, down payment, insured vs uninsured status, credit score and negotiation. Always confirm directly with the lender before applying.
Featured broker
Your brokerage here — this is an open advertising slot. If you are a licensed Canadian mortgage broker and would like to appear above this table, contact northpeakestimates@proton.me.
Never miss a rate drop
Tell us the rate you're waiting for and we'll email you when a 5-year fixed (or variable, or 3-year fixed) drops below it.
How we track rates
- We check published best rates from major lenders, brokers and comparison sources every Monday (~15–30 min) and timestamp every update — stale rates destroy trust, so the date is always visible.
- All data lives in one public file,
rates.json, which drives this table. - See 5 years of rate history and the Bank of Canada decision calendar.
Frequently asked questions
What is the best 5-year fixed mortgage rate in Canada right now?
As of our last update (October 4, 2026), the lowest published 5-year fixed quotes are 4.14% from ATB Financial (insured) and Butler Mortgage, in a 25-lender survey for the week of September 28–October 4, 2026 (latestmortgagerates.ca). Several lenders sit between 4.14% and 4.34%. Your actual rate depends on province, down payment, insured status, credit score and negotiation.
What is the best 5-year variable rate today?
Best published 5-year variable quotes in early October 2026 are 3.45% (nesto, insured, Oct 2) and 3.45% (rates.ca lowest rate shown, Oct 3); the lowest published uninsured variable is 3.60% (Equitable Bank, per latestmortgagerates.ca's October 2026 report). Variable rates move with each lender's prime rate, which follows the Bank of Canada policy rate (currently 2.25%).
How often are these rates updated?
Every Monday. The "Last updated" stamp at the top of the table shows the exact date of the most recent check, and all rates come from published sources dated within the previous week.
Why are broker rates lower than my bank's posted rate?
Posted rates are starting points; brokers access monoline lenders and discounted bank channels that publish lower "special" rates. Posted 5-year fixed rates can sit near 6% while discounted rates are around 4.14–4.34% — always compare discounted, not posted, rates.
Is fixed or variable better right now?
Variable rates are currently lower (around 3.40–3.44%) than fixed (around 4.14–4.34%), but variable moves with the Bank of Canada and fixed gives payment certainty. The honest answer depends on your risk tolerance and timeline — and on what the BoC does next; see our decision-date calendar.
Partner offer
Act on today's rates.
Compare digital-lender pricing with Nesto, or talk to a human — a featured mortgage-broker partner can walk you through renewal, refinance, and purchase options.
Compare rates with Nesto Talk to a mortgage brokerPartner link — we may earn a commission at no extra cost to you.