Prospera
Standard
3.84%
3-year term
APR
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3-year fixed mortgage rates
Three-year fixed terms balance stability with flexibility. They are popular when borrowers expect to move or refinance sooner.
Live rate snapshot
Top matches for this scenario
Showing the first 8 cards from 20 matching rates for Purchase · 3-year fixed · $999,999 · $75,000 down.
Purchase3-year fixed$999,999$75,000 down
fixed
BlueShore Financial
Insured
3.99%
3-year term
APR
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First National Financial
3 year Promo
3.99%
3-year term
APR
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Manulife
Manulife Bank Select Hi - Ratio Program
3.99%
3-year term
APR
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Marathon Mortgage
3 year Promo Rate (60 day)
3.99%
3-year term
APR
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MERIX - Standard (Lendwise)
Standard
3.99%
3-year term
APR
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Highlights
01
Shorter commitment with predictable payments.
02
Useful for buyers expecting lifestyle changes within 3 years.
03
Compare penalties before choosing a shorter term.
Source file
Reviewed rate context
This page is maintained by Pragmatic Mortgage Lending for Canadian borrowers comparing rate categories, lender fit, and product trade-offs. Rate tables can change without notice, so final advice still depends on the live lender file and approval conditions.
Reviewed by the Pragmatic Mortgage Lending broker team. Updated May 1, 2026.
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Frequently asked questions
Are 3-year terms cheaper than 5-year terms?
Sometimes. It depends on market expectations and lender pricing.
Is a shorter term riskier?
You may face higher rates at renewal sooner, so plan ahead.