icon

Find the Best 6-Month Fixed Closed Mortgage

Compare the best 6-month fixed closed mortgage rates from major banks, mortgage brokers and lenders in Canada.

Rates by location
Find the best rates in your area by selecting your province
Home Value
The current purchase price or appraised value of your home
Rate type
The type of the mortgage you are looking for
Down payment
The portion of the purchase price you will be paying upfront
Current mortgage
The remaining amount on your current mortgage

What is a 6-month fixed closed mortgage?

A 6-month fixed closed mortgage can be a good option for someone needing a short-term funding solution. Typically those who get an ultra short-term mortgage of six months plan to renew into a longer fixed or variable term afterwards.

With a fixed rate, your payments will stay the same for the duration of the term. If there's any chance the borrower may want to break the mortgage and switch to another term earlier, a 6-month open mortgage may be more appropriate, as it entails no penalties for paying out your mortgage before maturity. The drawback is that 6-month open mortgage rates are higher compared to those for 6-month closed mortgages.

Find out more about 6-month fixed-rate open mortgages.

Still can’t choose between the pros and cons? Use our mortgage payment calculator guide to find out what your mortgage payments could look like.

Latest mortgage articles

The Spread Between Fixed and Variable Nears a Decade-High
The divide between average fixed rates and their floating-rate counterparts is now approaching the largest it's been since August 2011, the last time it was over one percentage point.
Shut Out of Big City Housing Markets? Get Used to It, Say Experts
With Canada’s national average home price up 41.9% in 12 months first-time buyers have virtually never found it so hard to buy a home.
Bank of Canada Stays in Neutral
Price increases (on just above everything) remain the talk of the rate market. CPI inflation blew above the Bank of Canada's 3% maximum tolerance in April and isn't letting up.