Laurentian Bank · 5-Year FixedLaurentian Bank 5-year fixed mortgage, compared.
Laurentian Bank isn’t posting a broker-channel 5-year fixed on our rate board today — the best 5-year fixed across our network is 4.14%. We get Laurentian Bank’s broker pricing — typically 15-30 bps below posted — and compare it across 100+ lenders.
How does Laurentian Bank’s 5-year fixed compare?
Laurentian Bank isn't currently posting a broker-channel 5-year fixed on our rate board, so the rate above is the best 5-year fixed across our 100+ lenders — not Laurentian Bank's own. For this term we shop your file across the full shelf, Laurentian Bank included, and bring back the sharpest fit.
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 Laurentian Bank?
About $2,988/month. On a $700,000 home with 20% down, the mortgage is $560,000. That’s at the network’s best 5-year fixed rate of 4.14% over a 25-year amortization. At Laurentian Bank’s consumer rate (~15-30 bps higher) the same mortgage costs $50-100 more a month. Model your numbers in the payment calculator.
What a 5-year fixed with Laurentian Bank means in practice
Laurentian Bank is a bank outside the Big-6. 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. Laurentian Bank's commitment and written payout statement are the binding word on its method.
More on Laurentian Bank'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 Laurentian Bank price the broker channel?
Quebec-based Schedule I bank with national broker-channel reach via B2B Bank (subsidiary). Standard A-lender residential plus a deep commercial real-estate desk. Strongest market presence in Quebec.
Laurentian Bank's rate sheets and strengths
Laurentian Bank 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 residential
- B2B Bank broker channel
- Commercial real estate
- Bilingual service
Why get Laurentian Bank’s 5-year fixed through a broker?
Because the rate Laurentian Bank quotes you directly is rarely its best 5-year fixed. We can help you save money.
Access the broker channel
Laurentian Bank'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 Laurentian Bank'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 Laurentian Bank
We submit to Laurentian Bank’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 — Laurentian Bank or whichever lender prices you lowest.
Refinancing
Tap your home equity for renovations, debt consolidation or investing.
Renewing
Don't auto-renew with Laurentian Bank — 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 Laurentian mortgage
Estimate the IRD or three-months-interest penalty before you switch out of Laurentian Bank.
Laurentian Bank 5-year fixed rate — FAQ
What is Laurentian Bank's 5-year fixed mortgage rate today?
The best 5-year fixed across our 100+ lender network is approximately 4.14% as of Oct 24, 2026. As an FSRA-licensed brokerage we quote Laurentian Bank's broker-channel sheet, typically 15-30 bps below its consumer rate. Your exact rate depends on your file.
How do I get Laurentian Bank's broker-channel 5-year fixed rate?
You can't get the broker rate by approaching Laurentian Bank yourself — it's wholesale pricing offered only through licensed brokers. We submit your file directly to Laurentian Bank's broker desk and, on the same application, compare it against the rest of the network so you see Laurentian Bank's best 5-year fixed and the market's best side by side.
Is a 5-year fixed with Laurentian Bank 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 Laurentian Bank 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. Laurentian Bank'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 Laurentian Bank's?
Sometimes. Another of our 100+ lenders may price your specific 5-year fixed better — we put Laurentian Bank and the rest of the network on one application, then you choose.
Get Laurentian Bank’s best 5-year fixed — and 100+ others.
One application, no credit pull to begin. We submit to Laurentian Bank and shop the whole network for your file.