Desjardins 3-Year FixedDesjardins 3-year fixed mortgage rate.
Today’s best 3-year fixed from Desjardins is 4.19%. We access Desjardins’s broker-channel pricing — typically 15-30 bps below posted — and compare it across 100+ lenders.
Desjardins’s best 3-year fixed rate today is approximately 4.19% through the broker channel — about $3,004/month on a $700,000 home with 20% down over 25 years. A 3-year fixed is the hedge term: certainty without locking in a five-year rate at the top of the cycle.
Desjardins payments by term
| Term | Best rate | Est. monthly payment* |
|---|---|---|
| 5-Year Fixed | 4.14% | $2,988/mo |
| 5-Year VariableLowest | 3.70% | $2,855/mo |
| 3-Year Fixed | 4.19% | $3,004/mo |
| 3-Year Variable | — | — |
| 2-Year Fixed | — | — |
| 1-Year Fixed | — | — |
| 4-Year Fixed | 4.14% | $2,988/mo |
| 7-Year Fixed | 4.49% | $3,096/mo |
| 10-Year Fixed | — | — |
The 3-year fixed with Desjardins
Desjardins on this term. Desjardins publishes a broker-channel 3-year fixed on our rate board, so the 4.19% shown here is Desjardins's own best 3-year fixed pricing — not a network average, and it currently sits about 0.20% above the sharpest 3-year fixed across our 100+ lenders, so it's worth comparing before you lock.
The trade-off. You give up two years of locked certainty to keep the option of renewing into a lower rate sooner.
What drives the rate. The 3-year fixed follows the 3-year Government of Canada bond. When markets price in rate cuts, the 3-year often sits below the 5-year fixed, letting you lock a payment now and re-shop sooner, closer to the bottom of the cycle.
What a 3-year fixed with Desjardins means in practice
Desjardins is a credit union. That matters on a 3-year fixed because the Big-6 price a fixed-rate break with posted-rate IRD, while lenders off the bank shelf more often use fair, contract-rate IRD — typically far cheaper for the same break. On a shorter fixed term the gap narrows, because the IRD window is smaller. Desjardins's commitment and written payout statement are the binding word on its method.
Against the Big-6. For contrast, all six Big-6 banks price a fixed break with posted-rate IRD, against representative 5-year posted rates of 6.79%-6.84%. Their prepayment room: TD and National Bank (15% lump sum plus double-up), RBC and CIBC (10% lump sum plus double-up), Scotia (15/15), BMO (20/20).
How Desjardins prices the broker channel
Canada's largest financial cooperative and Quebec's dominant retail lender. Provincially regulated in Quebec; competitive A-lender residential pricing with strong Quebec presence. Operates across Canada via Desjardins Ontario Credit Union.
Desjardins runs a consumer 3-year fixed sheet and a wholesale broker-channel sheet, usually 15-30 bps lower — on a $700,000 mortgage, 20 bps is roughly $1,400 a year.
- Quebec market dominance
- Cooperative ownership model
- Bilingual French service
- Standard A-lender
A worked example
On a $700,000 home with 20% down, the mortgage is $560,000. At Desjardins’s best 3-year fixed rate of 4.19% over a 25-year amortization, the payment is about $3,004/month. At Desjardins’s consumer rate (~15-30 bps higher) the same mortgage costs $50-100 more a month. Model your numbers in the payment calculator.
Whatever your situation with Desjardins
We submit to Desjardins's broker desk and 100+ other lenders on one application — whichever prices your file lowest wins.
First-time buyers
5% down with FHSA + RRSP HBP optimization — Desjardins or whichever lender prices you lowest.
Refinancing
Tap your home equity for renovations, debt consolidation or investing.
Renewing
Don't auto-renew with Desjardins — compare the offer against the market.
Self-employed
Business-for-self files priced right across A-lender, alt-A and private.
Bruised credit
B-lender and private paths now, with a mapped exit back to A-pricing.
Breaking a Desjardins mortgage
Estimate the IRD or three-months-interest penalty before you switch out of Desjardins.
3 reasons to get Desjardins's 3-year fixed through a broker
Why the rate Desjardins quotes you directly is rarely their best 3-year fixed — and how the broker channel changes the math.
Access the broker channel
Desjardins's broker-channel 3-year fixed rate is typically 15-30 bps below the rate you would be quoted directly — and you can only reach it through a licensed brokerage like ours.
Switch or renew without overpaying
At maturity we benchmark Desjardins's renewal/switch offer against the whole market so you never auto-renew high.
Best-rate guarantee
We'll beat any comparable Big-6 3-year fixed offer or pay you $500 (keep it, or we'll donate it to your favourite charity), and our advice is free, paid by the funding lender.
Desjardins 3-year fixed rate — FAQ
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Get Desjardins’s best 3-year fixed — and 100+ others.
One application, no bureau pull to begin. We submit to Desjardins and shop the whole network for your file.