Desjardins 3-year variable mortgage rate.
Today’s best 3-year variable in our network is 3.55%. We access Desjardins’s broker-channel pricing — typically 15-30 bps below posted — and compare it across 100+ lenders.
The network’s best 3-year variable rate today is approximately 3.55% through the broker channel — about $2,811/month on a $700,000 home with 20% down over 25 years. A 3-year variable is a shorter-commitment variable for borrowers who want flexibility and a quick re-shop. The rate you’d be quoted directly is rarely Desjardins’s best — the broker channel typically runs 15-30 bps lower.
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 variable with Desjardins
Desjardins on this term. Desjardins isn't currently posting a broker-channel 3-year variable on our rate board, so the rate above is the best 3-year variable across our 100+ lenders — not Desjardins's own. For this term we shop your file across the full shelf, Desjardins included, and bring back the sharpest fit.
Who it suits. Borrowers who like the variable structure but want to revisit the whole mortgage in three years rather than five. It suits people expecting rate cuts who also anticipate a change — selling, refinancing, or restructuring — inside three years.
What drives the rate. Like the 5-year variable, it moves with prime and the Bank of Canada, but the shorter term means you renegotiate sooner. Availability is thinner than the 5-year variable, so the lender mix that offers it matters.
Breaking it early. Three months' interest, the same cheap-exit advantage as any variable — paired here with an even shorter commitment.
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 two 3-year variable rate sheets: the consumer rate and a wholesale broker-channel rate a licensed brokerage accesses, usually 15-30 bps lower because the broker handles origination. You can’t reach it by approaching Desjardins yourself. 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 the network’s best 3-year variable rate of 3.55% over a 25-year amortization, the payment is about $2,811/month. Go to Desjardins yourself at their consumer rate (~15-30 bps higher) and you’d pay $50-100 more a month for the identical mortgage — which is exactly what the broker channel saves. 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
Unlock equity for renovations, debt consolidation or investing.
Renewing
Don't auto-renew with Desjardins — most clients beat the first offer by 30-60 bps.
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.
6 reasons to get Desjardins's 3-year variable through a broker
Why the rate Desjardins quotes you directly is rarely their best 3-year variable — and how the broker channel changes the math.
Access the broker channel
Desjardins's broker-channel 3-year variable 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.
Desjardins and 100+ others compete
We submit your file to Desjardins's broker desk and the rest of the network on one application, so you get Desjardins's best and the market's best side by side.
No bureau pull to start
We can shop your Desjardins 3-year variable rate without a hard credit check, so comparing costs you nothing.
We handle the paperwork
From application to Desjardins's underwriting to funding, we manage the file end-to-end.
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 variable 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.
Why shop Desjardins through us
- Direct access to Desjardins's broker desk — plus 100+ other lenders on one application.
- Broker-channel pricing 15-30 bps below Desjardins's posted rate.
- One application, every lender — Desjardins's best and the market's best, then you choose.
- FSRA-licensed advice, no bureau pull to start, best-rate guarantee or $500 (you or your charity).