3-year fixed mortgage rates

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Compare 3-year fixed mortgage rates in Canada, including lender notes, renewal timing, break-cost risk, payment stability, and shorter-term tradeoffs.

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Pragmatic rate snapshot

What changes with the mortgage type?

3-year fixed advertised offers available in BC. Compare the lowest APR with the median of each lender’s lowest APR in our catalogue. These are different eligibility categories, before matching your income, property and mortgage amounts.

Current advertised mortgage rate categories, lender coverage and APR distribution
Mortgage type	Lowest APR	Median lender APR	Lenders
Insured purchase	4.29%	4.79%	11
Insurable purchase	4.79%	4.99%	3
Uninsured purchase	4.54%	5.15%	28
Renewal / transfer	4.29%	4.90%	28
Refinance	4.54%	5.32%	24

Sources, conditions and how to use this snapshot

The median gives each lender one observation: its lowest advertised APR in that category. It is not a funded-loan average, a whole-market survey or a personalized quote. Products can differ in LTV, credit, amortization, fees and restrictions. Categories can overlap, especially on renewal. APR uses a lender-supplied figure when available; otherwise it assumes the advertised interest rate. Default-insurance premiums and switching costs still need comparing.

Insured purchase: 11 offers from 11 lenders. Lowest: ATB Financial. Client Rates · Our featured offers · 3 Year High Ratio. Owner-occupied purchase or renewal, up to 25-year amortization. Refinance, rental/secondary-home and longer amortization pricing require lender premiums and are excluded. Lender APR examples use a $250,000 mortgage and $250 processing fee.. Maximum amortization 25 years; LTV 80.01–95%. Source checked 2026-10-29T17:45:32.470Z. Lender source All offers and full conditions
Insurable purchase: 9 offers from 3 lenders. Lowest: Strive Capital. Strive posted fixed mortgage rate; Insurable Purchase, Transfer; Up to 65%; 3 Year.. Maximum amortization 25 years; LTV 0–65%. Source checked 2026-10-29T17:43:11.051Z. Lender source All offers and full conditions
Uninsured purchase: 48 offers from 28 lenders. Lowest: Beem Credit Union. Beem public fixed closed mortgage rate; 3 year; Uninsured – 25 yr.. Maximum amortization 25 years; LTV 0.01–80%. Source checked 2026-10-29T17:42:07.432Z. Lender source All offers and full conditions
Renewal / transfer: 58 offers from 28 lenders. Lowest: ATB Financial. Client Rates · Our featured offers · 3 Year High Ratio. Owner-occupied purchase or renewal, up to 25-year amortization. Refinance, rental/secondary-home and longer amortization pricing require lender premiums and are excluded. Lender APR examples use a $250,000 mortgage and $250 processing fee.. Maximum amortization 25 years; LTV 80.01–95%. Source checked 2026-10-29T17:45:32.470Z. Lender source All offers and full conditions
Refinance: 43 offers from 24 lenders. Lowest: Beem Credit Union. Beem public fixed closed mortgage rate; 3 year; Uninsured – 25 yr.. Maximum amortization 25 years; LTV 0.01–80%. Source checked 2026-10-29T17:42:07.432Z. Lender source All offers and full conditions

Snapshot assembled Oct 29, 2026, 5:42 p.m. Pacific. Each offer keeps its own source-check date and expiry. Assembly does not renew lender evidence.

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Example scenario · make it yours

Buying · $750,000 home · $150,000 down

BC · 3-year term · fixed · 25-year amortization · Live in the home

A starting point

Matching mortgage rates.

39 of 39 matching rates · $600,000 financed · 25-year amortization

Lowest APR first

Beem Credit Union

3-year fixed

Uninsured mortgage

4.54%

APR

$3,334

Estimated / month

Compare

Prospera

3-year fixed

Uninsured mortgage

4.54%

APR

$3,334

Estimated / month

Compare

ATB Financial

3-year fixed

Uninsured mortgage

4.62%

APR

Contract rate 4.59%

$3,351

Estimated / month

Compare

Community Savings Credit Union

3-year fixed

Uninsured mortgage

4.64%

APR

$3,368

Estimated / month

Compare

Beem Credit Union

3-year fixed

Uninsured mortgage

4.64%

APR

$3,368

Estimated / month

Compare

Island Savings

3-year fixed

Uninsured mortgage

4.67%

APR

Contract rate 4.64%

$3,368

Estimated / month

Compare

Valley First

3-year fixed

Uninsured mortgage

4.67%

APR

Contract rate 4.64%

$3,368

Estimated / month

Compare

Envision Financial

3-year fixed

Uninsured mortgage

4.67%

APR

Contract rate 4.64%

$3,368

Estimated / month

Compare

Neo Financial

3-year fixed

Uninsured mortgage

4.79%

APR

$3,418

Estimated / month

Compare

CMLS Financial

3-year fixed

Uninsured mortgage

4.84%

APR

$3,435

Estimated / month

Compare

BMO Bank of Montreal

3-year fixed

Uninsured mortgage

4.97%

APR

Contract rate 4.94%

$3,469

Estimated / month

Compare

National Bank of Canada

3-year fixed

Uninsured mortgage

4.99%

APR

Contract rate 5.04%

$3,503

Estimated / month

Compare

RBC Royal Bank

3-year fixed

Uninsured mortgage

5.03%

APR

Contract rate 4.99%

$3,486

Estimated / month

Compare

CoastCapital Savings

3-year fixed

Uninsured mortgage

5.04%

APR

$3,503

Estimated / month

Compare

Strive Capital

3-year fixed

Insurable mortgage criteria apply

5.04%

APR

$3,503

Estimated / month

Compare

Strive Capital

3-year fixed

Insurable mortgage criteria apply

5.04%

APR

$3,503

Estimated / month

Compare

BMO Bank of Montreal

3-year fixed

Uninsured mortgage

5.07%

APR

Contract rate 5.04%

$3,503

Estimated / month

Compare

CIBC

3-year fixed

Uninsured mortgage

5.11%

APR

Contract rate 5.09%

$3,520

Estimated / month

Compare

CoastCapital Savings

3-year fixed

Uninsured mortgage

5.14%

APR

$3,538

Estimated / month

Compare

MCAN Home - Precision Prime for Insured

3-year fixed

Insurable mortgage criteria apply

5.24%

APR

$3,572

Estimated / month

Compare

First National Financial

3-year fixed

Uninsured mortgage

5.25%

APR

$3,576

Estimated / month

Compare

MCAN Home - Precision Prime for Insured

3-year fixed

Insurable mortgage criteria apply

5.34%

APR

$3,607

Estimated / month

Compare

Strive Capital

3-year fixed

Uninsured mortgage

5.39%

APR

$3,624

Estimated / month

Compare

Manulife

3-year fixed

Uninsured mortgage

5.39%

APR

$3,624

Estimated / month

Compare

MCAN Home - Discover Alternative for Uninsured

3-year fixed

Uninsured mortgage

5.39%

APR

$3,624

Estimated / month

Compare

CMLS Financial

3-year fixed

Uninsured mortgage

5.44%

APR

$3,641

Estimated / month

Compare

First National Excalibur

3-year fixed

Uninsured mortgage

5.49%

APR

$3,659

Estimated / month

Compare

Home Trust

3-year fixed

Uninsured mortgage

5.49%

APR

$3,659

Estimated / month

Compare

WealthONE Bank

3-year fixed

Uninsured mortgage

5.69%

APR

$3,729

Estimated / month

Compare

First National Excalibur

3-year fixed

Uninsured mortgage

5.74%

APR

$3,747

Estimated / month

Compare

First National Excalibur

3-year fixed

Uninsured mortgage

5.99%

APR

$3,835

Estimated / month

Compare

Desjardins

3-year fixed

Uninsured mortgage

6.04%

APR

$3,853

Estimated / month

Compare

Scotiabank

3-year fixed

Uninsured mortgage

6.05%

APR

$3,857

Estimated / month

Compare

BMO Bank of Montreal

3-year fixed

Uninsured mortgage

6.08%

APR

Contract rate 6.05%

$3,857

Estimated / month

Compare

BMO Bank of Montreal

3-year fixed

Uninsured mortgage

6.08%

APR

Contract rate 6.05%

$3,857

Estimated / month

Compare

B2B Bank

3-year fixed

Uninsured mortgage

6.13%

APR

Contract rate 6.09%

$3,871

Estimated / month

Compare

First National Excalibur

3-year fixed

Uninsured mortgage

6.24%

APR

$3,925

Estimated / month

Compare

First National Excalibur

3-year fixed

Uninsured mortgage

6.49%

APR

$4,015

Estimated / month

Compare

CWB Optimum Mortgage (Alternative Lending)

3-year fixed

Uninsured mortgage

8.12%

APR

Contract rate 7.59%

$4,423

Estimated / month

Compare

Need a hand choosing?

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How your rates stay current

Supported public lender sources are checked once daily at 6 a.m. Vancouver time. Each offer shows when its source was checked. Your matches refresh while this page is open.

Expired promotions and rates without recent verification are removed automatically. A lender’s rate hold is separate from a promotion deadline. Promotional badges identify special rates; broker cashback estimates appear separately.

Choose your property, down payment, province and amortization to see matching products, then compare up to three for payment, interest and balance. Confirm fees, prepayment privileges, penalties and any funding deadline with your broker.

How these estimates work

Monthly payments include principal and interest; no new borrower-paid default-insurance premium is included. HELOC estimates show interest only on the full amount drawn.

Fixed rates use semi-annual compounding; variable rates use monthly compounding. Estimates assume constant rates and no extra payments. Fees, penalties, property tax, home insurance and closing costs are excluded. Confirm the product’s contract and lender APR.

Results are from Pragmatic’s published catalog, sorted by nominal rate; they are not whole-market coverage or an approval. Catalog update dates are shown in each rate’s details.

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How rates are sourced and compared →

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Explore each lender’s rate examples, terms and conditions. For a comparison based on your own numbers, use the rate shopper.

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Compare the same balance, term, amortization and insurance category. Displayed rates depend on eligibility and lender approval.

Make a fair comparison

Understand the rate you’re looking at.

A 3-year fixed mortgage locks the rate and payment for three years, bringing the renewal decision forward sooner than a 5-year term. It can fit borrowers who expect a move, refinance, or material income change within a few years, provided the earlier renewal risk and break-cost formula are acceptable.

Three-year fixed terms balance stability with flexibility. They are popular when borrowers expect to move or refinance sooner.

Term: Three years of fixed-rate payment stability
Potential advantage: Less time committed before the next renewal
Main risk: Exposure to market rates sooner

Why borrowers choose a three-year fixed term

A three-year fixed term can match a known medium-term event: an expected move, parental leave ending, a business reaching a longer operating history, or a planned refinance after other debt is reduced. It provides payment certainty without committing the file to five full years.

The trade-off is an earlier renewal. Compare the three-year rate premium or discount with the value of reaching a new decision point two years sooner.

Model the 2029 renewal before choosing the 2026 payment

Run the balance that should remain at maturity and test several renewal rates against it. A shorter term is not automatically safer when the future payment would strain the household.

Penalty method still matters because three years is long enough for plans to change. Confirm portability and ask how the lender calculates an early-break charge.

Before you accept an offer

Shorter commitment with predictable payments.
Useful for buyers expecting lifestyle changes within 3 years.
Compare penalties before choosing a shorter term.

Clear answers

Before you decide

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.

Keep comparing

References

Use the regulator and consumer-agency guidance alongside the written terms of your lender’s offer.

Pragmatic Mortgage Lending · BC

Find the rate that fits the whole mortgage.

We’ll review lender eligibility, penalties and flexibility alongside the payment.

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