Prospera
Insured
4.04%
5-year term
APR
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Prospera advertised public mortgage rate; 5-Year Closed - Insured.
Fixed mortgage rates
Ask about my rateCompare fixed mortgage rates in Canada by term length, down payment, insurance status, penalties, prepayment privileges, and lender fit.
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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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Load the full comparison workspace when you want to change occupancy, term, amortization, or compare more cards side-by-side.
Compare the same balance, term, amortization and insurance category. Displayed rates depend on eligibility and lender approval.
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Understand the rate you’re looking at.
A fixed mortgage rate stays unchanged for the selected term, so the scheduled payment is predictable. It is usually the stronger fit when cash-flow certainty matters most, but borrowers should compare the lender's interest-rate-differential penalty, portability, and prepayment privileges—not only the starting rate.
Fixed-rate mortgages lock your rate for the entire term, which keeps payments predictable.
Use the explorer to compare fixed terms and review penalties before you commit.
- Best fit
- Borrowers who value predictable payments
- Main trade-off
- Potentially higher break penalties and less flexibility
- Compare carefully
- Term length, IRD method, portability, and prepayments
Compare the fixed term before comparing the lender
A fixed rate is a category, not a single mortgage. One-, three-, and five-year terms can price differently because the bond-market cost and lender strategy differ by term. Start with the period you can realistically keep, then compare lenders inside that term.
If a move, sale, renovation, business change, or refinance is plausible before maturity, a slightly higher rate on a shorter or more portable mortgage can cost less than breaking the lowest five-year offer early.
Read the penalty method before you lock in
Most closed fixed mortgages charge the greater of three months' interest or an interest rate differential when broken early. The lender's comparison-rate method can materially change that number, so ask for a worked penalty example on your expected balance.
Also compare portability, blend options, annual lump sums, payment increases, and charge registration. These contract terms decide how much freedom the mortgage leaves after funding.
Before you accept an offer
- Stable payments with clear prepayment privileges.
- Compare 3- and 5-year options in one view.
- Account holders can save and share scenarios with brokers.
Clear answers
Before you decide
Is a fixed rate better than variable?
It depends on your risk tolerance and timeline. Fixed rates trade flexibility for stability.
Do fixed mortgages have higher penalties?
Often yes. The IRD penalty can be higher than variable penalties if you break early.
Keep comparing
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.