Prospera
Insured
4.04%
5-year term
APR
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Prospera advertised public mortgage rate; 5-Year Closed - Insured.
5-year fixed mortgage rates
Ask about my rateCompare 5-year fixed mortgage rates across insured, insurable, and uninsured scenarios with lender notes, penalties, and payment-stability context.
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Top matches for this scenario
Showing the first 8 cards from 22 matching rates for Purchase · 5-year fixed · $999,999 · $75,000 down.
Purchase5-year fixed$999,999$75,000 down
fixed
Beem Credit Union
Insured
4.14%
5-year term
APR
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Beem public featured insured 5-year fixed closed mortgage rate.
BlueShore Financial
Insured
4.14%
5-year term
APR
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Beem public featured insured 5-year fixed closed mortgage rate.
ATB Financial
Rate First
4.29%
5-year term
APR
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Client Rates · Our featured offers · 5 Year High Ratio.
CoastCapital Savings
Insured
4.34%
5-year term
APR
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5-Year Fixed High Ratio Rate. Qualifying rate 5.250%.
ATB Financial
Standard
4.39%
5-year term
APR
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Client Rates · Our featured offers · 5 Year High Ratio.
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Understand the rate you’re looking at.
A 5-year fixed mortgage keeps the contract rate and scheduled payment stable for five years. The longer certainty can simplify budgeting, but it also increases the chance that a sale, move, or refinance happens before maturity. Compare penalty formulas and portability alongside insured, insurable, or uninsured pricing.
Five-year fixed terms are the most common in Canada. They offer stability for longer planning horizons.
- Term
- Five years of fixed-rate payment stability
- Best fit
- Borrowers expecting a stable five-year housing plan
- Main risk
- Costly early exit if the mortgage cannot be ported
Five-year certainty is valuable only if the term fits
A five-year fixed mortgage removes scheduled rate changes for a long planning window. That can suit stable households that value a predictable payment and expect to keep the property and mortgage structure through maturity.
The rate should be compared across the same insurance, amortization, occupancy, and transaction type. A headline insured purchase rate is not a valid quote for every five-year fixed borrower.
Use an exit checklist before signing
Estimate the probability of selling, moving provinces, refinancing, separating, or needing equity before year five. Then compare the lender's IRD method, portability window, blend policy, and prepayment privileges.
If the exit risk is meaningful, compare the total expected cost of a three-year fixed term rather than assuming the longer term's lower starting rate wins.
Before you accept an offer
- Popular term length with broad lender options.
- Clear comparisons for insured vs uninsured pricing.
- Account holders can save, compare, and start applications.
Clear answers
Before you decide
Is 5-year fixed still the most common?
Yes. Many borrowers prefer its balance of rate stability and term length.
What about prepayment privileges?
They vary by lender. Review privileges and penalties before locking in.
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References
Use the regulator and consumer-agency guidance alongside the written terms of your lender’s offer.
Pragmatic Mortgage Lending · BC & Alberta
Find the rate that fits the whole mortgage.
We’ll review lender eligibility, penalties and flexibility alongside the payment.