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Find the Best 5-Year Variable Mortgage Rates in Canada

Compare the latest variable rates from major banks, credit unions and mortgage brokers.

Today's top rates in:

5-Year Variable
4.85%
5-Year Fixed
4.24%
Select one of the following to get started!

Compare 5-year variable mortgage rates from lenders across Canada

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The Best Mortgage Rates in Canada

Evaluate Canada’s best 5 year variable mortgage rates in one place. You can compare the most current 5 year variable mortgage rates and monthly payments from 175+ banks and lenders across Canada.

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Rates are based on an average mortgage of $500,000 and subject to change based on filter criteria.

Lender tooltip icon Insured tooltip icon Insurable tooltip icon Uninsured tooltip icon
Compass Mortgage Group oa My Mortgage Power
Compass Mortgage Group oa My Mortgage Power
3.99% grey tooltip icon
$2,627.39 / month
4.14% grey tooltip icon
$2,668.19 / month
4.14% grey tooltip icon
$2,668.19 / month
Lendwire Inc.
Lendwire Inc.
4.04% grey tooltip icon
$2,640.95 / month
4.24% grey tooltip icon
$2,695.56 / month
4.24% grey tooltip icon
$2,695.56 / month
Lendwire Inc
Lendwire Inc
4.04% grey tooltip icon
$2,640.95 / month
4.24% grey tooltip icon
$2,695.56 / month
4.24% grey tooltip icon
$2,695.56 / month
MMG Mortgages
MMG Mortgages
4.04% grey tooltip icon
$2,640.95 / month
4.44% grey tooltip icon
$2,750.71 / month
4.40% grey tooltip icon
$2,739.64 / month
BMO
BMO
4.52% grey tooltip icon
$2,772.93 / month
4.71% grey tooltip icon
$2,826.04 / month
4.71% grey tooltip icon
$2,826.04 / month
Rocket Mortgage
Rocket Mortgage
4.55% grey tooltip icon
$2,781.28 / month
4.75% grey tooltip icon
$2,837.28 / month
4.55% grey tooltip icon
$2,781.28 / month
Innovation Federal Credit Union
Innovation Federal Credit Union
4.57% grey tooltip icon
$2,786.86 / month
4.57% grey tooltip icon
$2,786.86 / month
4.57% grey tooltip icon
$2,786.86 / month
Nuborrow
Nuborrow
5.49% grey tooltip icon
$3,049.05 / month
5.49% grey tooltip icon
$3,049.05 / month
5.49% grey tooltip icon
$3,049.05 / month
True North Mortgage
True North Mortgage
2.99% grey tooltip icon
$2,363.66 / month
2.99% grey tooltip icon
$2,363.66 / month
2.99% grey tooltip icon
$2,363.66 / month
Nesto
Nesto
3.94% grey tooltip icon
$2,613.86 / month
3.94% grey tooltip icon
$2,613.86 / month
3.94% grey tooltip icon
$2,613.86 / month
Interior Savings
Interior Savings
3.99% grey tooltip icon
$2,627.39 / month
3.99% grey tooltip icon
$2,627.39 / month
3.99% grey tooltip icon
$2,627.39 / month
Sudbury Credit Union
Sudbury Credit Union
3.99% grey tooltip icon
$2,627.39 / month
3.99% grey tooltip icon
$2,627.39 / month
3.99% grey tooltip icon
$2,627.39 / month
City Wide Financial Corp
City Wide Financial Corp
3.99% grey tooltip icon
$2,627.39 / month
3.99% grey tooltip icon
$2,627.39 / month
3.99% grey tooltip icon
$2,627.39 / month
Prospera Credit Union
Prospera Credit Union
4.09% grey tooltip icon
$2,654.55 / month
4.09% grey tooltip icon
$2,654.55 / month
4.09% grey tooltip icon
$2,654.55 / month
Monster Mortgage
Monster Mortgage
4.09% grey tooltip icon
$2,654.55 / month
4.09% grey tooltip icon
$2,654.55 / month
4.09% grey tooltip icon
$2,654.55 / month
Centum Home Lenders Ltd.
Centum Home Lenders Ltd.
4.14% grey tooltip icon
$2,668.19 / month
4.14% grey tooltip icon
$2,668.19 / month
4.14% grey tooltip icon
$2,668.19 / month

Today's Best Mortgage Rates in Canada

Evaluate Canada’s best 5 year variable mortgage rates in one place. RATESDOTCA’s Rate Matrix lets you compare 5 year variable rates against all other key mortgage types and terms.

Rates are based on an average mortgage of $500,000

Insured 80% LTV 65% LTV Uninsured Bank Rate
1-year fixed rate 5.04% 4.19% 4.19% 6.20%
5.84%
2-year fixed rate 4.34% 4.09% 4.09% 4.44%
5.44%
3-year fixed rate 4.09% 4.14% 4.14% 4.24%
4.79%
4-year fixed rate 4.09% 3.99% 3.99% 4.44%
4.64%
5-year fixed rate 3.94% 3.99% 3.99% 3.99%
4.49%
7-year fixed rate 4.39% 4.29% 4.29% 5.85%
5.25%
10-year fixed rate 5.04% 4.74% 4.74% 5.89%
7.04%
3-year variable rate 4.30% 4.40% 4.40% 4.70%
6.60%
5-year variable rate 4.15% 4.30% 4.20% 4.20%
4.45%
HELOC rate N/A N/A N/A N/A N/A
Stress test 5.25% 5.25% 5.25% 5.25% N/A
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Written By Shivani Kaul

Content Manager

Updated

Today's 5 years Variable Mortgage RatesUpdated 09:47 ET on Feb 06, 2025

Rates are based on a home value of $500,000

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6.60%
Term
5 Yr Variable
Loan to value
Up to 95%
Insurance
Insured
Rate held until
Jun 09
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6.10%
Term
5 Yr Variable
Loan to value
Up to 95%
Insurance
Insured
Rate held until
May 10
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6.90%
Term
5 Yr Variable
Loan to value
Up to 95%
Insurance
Insured
Rate held until
May 10

Rates are based on a home value of $500,000

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6.45%
Term
5 Yr Variable
Loan to value
Up to 95%
Insurance
Insured
Rate held until
Jun 09
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5.95%
Term
5 Yr Variable
Loan to value
Up to 95%
Insurance
Insured
Rate held until
Jun 19
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5.95%
Term
5 Yr Variable
Loan to value
Up to 95%
Insurance
Insured
Rate held until
Jun 09

Rates are based on a home value of $500,000

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5.95%
Term
5 Yr Variable
Loan to value
Up to 80%
Insurance
Uninsured
Rate held until
Jun 09
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5.95%
Term
5 Yr Variable
Loan to value
Up to 95%
Insurance
Insured
Rate held until
Jun 09