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.

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

A few options to start.

3 of 38 matching rates · $600,000 financed · 25-year amortization

Lowest rate first

BlueShore Financial

3-year fixed

Uninsured mortgage

4.54%

Interest rate

Public lender rate · Checked Oct 9, 2026, 6:00 a.m. Pacific

$3,334

Estimated / month

Compare

Rate details

Product: Uninsured – 25 yr
Lender APR: Not supplied — confirm with lender
Rate hold: Confirm with lender
Freshness deadline: Oct 10, 2026, 6:00 p.m. Pacific
Catalog updated: 2026-10-09
Interest over this term: $78,282
Balance at term end: $558,252

Beem public fixed closed mortgage rate; 3 year; Uninsured – 25 yr.

Conventional / uninsured

Rates disappear at their offer or freshness deadline. A rate hold starts with lender confirmation and does not extend a promotion. Confirm fees, prepayment privileges, portability and break penalties before choosing. Estimates assume the rate stays constant.

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Beem Credit Union

3-year fixed

Uninsured mortgage

4.54%

Interest rate

Public lender rate · Checked Oct 9, 2026, 6:00 a.m. Pacific

$3,334

Estimated / month

Compare

Rate details

Product: Uninsured – 25 yr
Lender APR: Not supplied — confirm with lender
Rate hold: Confirm with lender
Freshness deadline: Oct 10, 2026, 6:00 p.m. Pacific
Catalog updated: 2026-10-09
Interest over this term: $78,282
Balance at term end: $558,252

Beem public fixed closed mortgage rate; 3 year; Uninsured – 25 yr.

Conventional / uninsured

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Prospera

3-year fixed

Uninsured mortgage

4.54%

Interest rate

Public lender rate · Checked Oct 9, 2026, 6:01 a.m. Pacific

$3,334

Estimated / month

Compare

Rate details

Product: Uninsured – 25 yr
Lender APR: Not supplied — confirm with lender
Rate hold: Confirm with lender
Freshness deadline: Oct 10, 2026, 6:01 p.m. Pacific
Catalog updated: 2026-10-09
Interest over this term: $78,282
Balance at term end: $558,252

Prospera advertised public mortgage rate; 3-Year Closed.

Conventional / uninsured

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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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A little guidance goes a long way.

We’ll help you weigh the rate, flexibility and costs. Brokerage services are available for BC properties.

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Find rates by lender

Open a lender to see verified fixed and variable reference rates, conditions and source checks. These examples cover different down payments and terms; use the shopper to check your own situation.

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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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