Best 10-year fixed mortgage rates in Canada.
Today’s best 10-year fixed rate in our network is 5.14%. We compare 10-year fixed rates across 100+ Canadian lenders and lock your best on one application — no bureau pull to start.
The best 10-year fixed mortgage rate in Canada today is approximately 5.14% — about $3,302/month on a $700,000 home with 20% down over 25 years. A 10-year fixed is the longest lock in Canada — a decade of payment certainty for the truly rate-averse. The rarest term — a small but loyal niche.
Rates illustrative; your file (credit, income, LTV) sets your personalized rate. See the full live board →
Mortgage payment by term
| Term | Best rate | Est. monthly payment* |
|---|---|---|
| 5-Year Fixed | 3.94% | $2,928/mo |
| 5-Year VariableLowest | 3.60% | $2,826/mo |
| 3-Year Fixed | 3.84% | $2,897/mo |
| 3-Year Variable | 3.65% | $2,840/mo |
| 2-Year Fixed | 4.14% | $2,988/mo |
| 1-Year Fixed | 4.19% | $3,004/mo |
| 4-Year Fixed | 3.89% | $2,912/mo |
| 7-Year Fixed | 4.44% | $3,081/mo |
| 10-Year Fixed | 5.14% | $3,302/mo |
Is a 10-year fixed right for you?
Who it suits. Borrowers who want to eliminate renewal and rate risk for ten years and are willing to pay for it — typically people in a forever home, on a fixed income, or who simply value certainty over saving a few basis points.
What drives the rate. Priced off the 10-year bond, it carries the highest premium of any term because the lender holds the rate longest. It only makes mathematical sense when long rates are unusually low relative to shorter terms.
Breaking it early. A key Canadian protection applies: after five years, federal law limits the prepayment penalty to three months' interest — so a 10-year fixed becomes far cheaper to break once you pass year five.
Canadian fixed rates compound semi-annually (not monthly like in the US), so the effective annual cost is slightly below the stated rate. The rate you’re offered is then set by your credit, your down payment / loan-to-value, whether the mortgage is insured, and the property. We compare 10-year fixed pricing across 100+ lenders on one application, then hold your best rate for 90-120 days. Run the numbers in our payment calculator and check the rate forecast.
A worked example
On a $700,000 home with 20% down, the mortgage is $560,000. At today’s best 10-year fixed rate of 5.14% over a 25-year amortization, the payment is about $3,302/month using Canadian semi-annual compounding. That payment is locked for the full term.
Whatever your situation
First home, renewal, refinance, self-employed or bruised credit — there's a 10-year fixed path for your file.
First-time buyers
5% down with FHSA + RRSP HBP optimization.
Refinancing
Unlock equity for renovations, debt consolidation, or investing.
Renewing
Don't auto-renew — most clients beat their bank's first offer by 30-60 bps.
Self-employed
Business-for-self files priced right — A-lender, alt-A and private.
Bruised credit
B-lender and private paths now, with a mapped exit to A-pricing.
New to Canada
Newcomer programs at the big banks; international credit accepted.
6 reasons to lock your 10-year fixed rate through a broker
Why Canadians shop the whole market instead of signing their bank's first 10-year fixed offer.
100+ lenders compete — not one
A bank shows you one 10-year fixed rate sheet. We put your file in front of 100+ lenders who bid for it, then pass on the volume pricing we hold.
Broker-channel pricing
The wholesale rate we access is typically 15-30 bps below a bank's posted rate — only a brokerage can reach it.
Locked by design
You pay the highest term premium for the longest possible certainty and post-year-five flexibility.
Your rate held 90-120 days
A pre-approval locks today's 10-year fixed rate while you shop, and many lenders honour a drop if rates fall before closing.
No bureau pull to start
We shop your 10-year fixed rate and pre-qualify with no hard credit check, so comparing costs nothing.
Best-rate guarantee
We'll beat any comparable Big-6 10-year fixed offer or pay you $500 — and our advice is free, paid by the funding lender.
Why shop your 10-year fixed rate with us
- 100+ lenders on one application — banks, monolines, and credit unions.
- Broker-channel rates 15-30 bps below posted.
- Fixed and variable modelled on your numbers before you commit.
- FSRA-licensed advice, no bureau pull to start, best-rate guarantee or $500.