Desjardins · 5-Year FixedDesjardins 5-year fixed mortgage rate.
Today’s best 5-year fixed from Desjardins is 4.14% — about $2,988/month on a $700,000 home with 20% down. We get Desjardins’s broker pricing — typically 15-30 bps below posted — and compare it across 100+ lenders.
How does Desjardins’s 5-year fixed compare?
Desjardins publishes a broker-channel 5-year fixed on our rate board, so the 4.14% shown here is Desjardins's own best 5-year fixed pricing — not a network average.
The trade-off, and what drives the rate
The trade-off. You trade the chance of catching falling rates for total payment certainty.
What drives the rate. The 5-year fixed tracks the 5-year Government of Canada bond yield plus a lender spread. When bond markets expect the economy to slow, the 5-year yield falls and these rates ease even before the Bank of Canada acts, which is why the fixed market often moves ahead of the headlines.
What would my payment be with Desjardins?
About $2,988/month. On a $700,000 home with 20% down, the mortgage is $560,000. That’s at Desjardins’s best 5-year fixed rate of 4.14% over a 25-year amortization. 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.
| 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 | — | — |
What a 5-year fixed with Desjardins means in practice
Desjardins is a credit union. That matters on a 5-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 long fixed term that difference is where most of the break-cost risk sits. Desjardins's commitment and written payout statement are the binding word on its method.
More on Desjardins's 5-year fixed: penalties, privileges and programs
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), Scotiabank (15/15), BMO (20/20).
How does Desjardins price 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's rate sheets and strengths
Desjardins runs a consumer 5-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
Why get Desjardins’s 5-year fixed through a broker?
Because the rate Desjardins quotes you directly is rarely its best 5-year fixed. We can help you save money.
Access the broker channel
Desjardins's broker-channel 5-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.
Bring us a written offer from a big bank. We’ll try to beat it. If we can’t, we pay you $500. Conditions apply. See the conditions
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.
Desjardins 5-year fixed rate — FAQ
What is Desjardins's 5-year fixed mortgage rate today?
Desjardins's best 5-year fixed in our network is approximately 4.14% as of Oct 24, 2026 — about $2,988/month on a $700,000 home with 20% down over 25 years. As an FSRA-licensed brokerage we quote Desjardins's broker-channel sheet, typically 15-30 bps below its consumer rate. Your exact rate depends on your file.
How do I get Desjardins's broker-channel 5-year fixed rate?
You can't get the broker rate by approaching Desjardins yourself — it's wholesale pricing offered only through licensed brokers. We submit your file directly to Desjardins's broker desk and, on the same application, compare it against the rest of the network so you see Desjardins's best 5-year fixed and the market's best side by side.
Is a 5-year fixed with Desjardins a good idea?
You trade the chance of catching falling rates for total payment certainty. By a wide margin the most popular term in Canada: well over half of all fixed mortgages.
How does breaking a Desjardins 5-year fixed work?
Breaking a 5-year fixed early triggers the greater of three months' interest or the Interest Rate Differential (IRD), and at a Big-6 bank the posted-rate IRD can run into five figures, so this term rewards borrowers who will actually keep it for five years. The method matters as much as the term: the Big-6 banks compare your contract rate against today's posted rate minus the discount you received at signing, while lenders off the bank shelf more often use fair contract-rate IRD, which is typically far cheaper for the same break. Desjardins's written payout statement is the only binding number — estimate it first with our mortgage penalty calculator.
Can I get a lower 5-year fixed rate than Desjardins's?
Sometimes. Another of our 100+ lenders may price your specific 5-year fixed better — we put Desjardins and the rest of the network on one application, then you choose.
Get Desjardins’s best 5-year fixed — and 100+ others.
One application, no credit pull to begin. We submit to Desjardins and shop the whole network for your file.