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4-year fixed Mortgage Rates in Ontario

Compare mortgage rates from multiple lenders with one application.

InquireRun the numbers

Bank prime rate: 4.45%

  • Multiple lenders - one credit check
  • Insured pricing - shown as-is
  • Same-day - pre-approval

Rates last updated October 23, 2026. Pricing depends on your transaction and financing, and is subject to change.

Who's behind these rates?

  • Big Bank

    Big Bank

    Major banks with branch access and familiar names.

  • Canadian Lender

    Canadian Lender

    Monolines, credit unions and trust companies.

  • Private Lender

    Private Lender

    Equity-based lending for short-term or complex needs.

Didn’t find your rate?

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Where rates have been

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Fixed or variable?

Payment certainty, flexibility and your timeline.

Fixed
Your rate stays the same for the term, making payments easier to budget.
Variable
Your rate moves with prime. Payments or the amount going toward principal can change.
Term length
A shorter term lets you revisit your options sooner. A longer term keeps your agreement in place for longer.

Find out what you’d actually pay

Get a quote based on your income, down payment and property. A mortgage specialist will help you compare your options.

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FAQ

Frequently Asked Questions

Questions about rates, payments or eligibility? We can help.

Why do you show a lender type instead of the lender name?
The rate a lender offers depends on your down payment, credit, income and the property itself, so the name attached to a headline rate tells you very little. What does matter is the kind of lender behind it, because that determines the penalty structure, prepayment terms and how flexible the approval is. We show the category, and your broker tells you exactly which lender fits once we know your file.
Is the lowest 4-year fixed rate the one I will get?
Not necessarily. The rates here are insured rates, which assume a down payment under 20 percent on an owner-occupied property under $1.5 million. If you are refinancing, buying a rental, putting 20 percent or more down, or you are self-employed, your pricing changes. Getting a real quote takes a few minutes and does not affect your credit.
What does insured mean?
An insured mortgage carries default insurance, usually from CMHC, Sagen or Canada Guaranty, and is normally required when your down payment is less than 20 percent. Because the lender carries less risk, insured mortgages are priced lower than uninsured ones. The premium is added to your mortgage balance.
Should I take a fixed or a variable rate?
A fixed rate holds your payment steady for the whole term, which is worth paying for if a payment increase would strain your budget. A variable rate moves with the prime rate, so it can save money when rates fall and cost more when they rise. Variable mortgages also usually carry a much cheaper break penalty, which matters if there is any chance you will sell or refinance mid-term.
How often do these rates change?
Lenders reprice as bond yields and the Bank of Canada policy rate move, sometimes more than once in a week. We update this page as new rate sheets come in, and the date below the table shows when it last changed. A rate hold locks your pricing for 90 to 120 days once you are approved.
Does comparing rates here affect my credit score?
No. Viewing this page involves no credit check. When you apply, we pull your credit once and use that single inquiry to shop multiple lenders, which is why using a broker does not multiply the hits on your report the way applying to several banks separately would.
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