Best 4-Year Fixed Mortgage Rates in Canada
Updated April 29, 2026.
Mid-term fixed
The 4-year fixed is one of the less commonly picked fixed terms; most borrowers default to either the 3-year or the 5-year. It’s a useful niche option when pricing or life circumstances make four years the right horizon.
Who picks it. Borrowers whose plans align with a 4-year window (mortgage maturing alongside a job change, school cycle, or planned property sale). Also: borrowers shopping aggressively for the lowest fixed rate when the 4-year happens to be priced more attractively than the 3- or 5-year.
What drives the rate. Government of Canada 4-year bond yields are less liquid than the 3- and 5-year benchmarks, so lender pricing on the 4-year is often interpolated from neighbouring terms rather than precisely market-driven. This is part of why most borrowers default to 3 or 5.
When it’s the right choice. When the lender prices the 4-year below both the 3-year and 5-year (occasionally happens). When your plans really do line up with a 4-year window and the small premium over the 3-year buys you that extra year of certainty.
When to consider alternatives. Most of the time. If the 3-year and 5-year are both available at competitive rates, one of those is usually the better choice. Fewer borrowers means less competitive pricing and a shallower discounted-rate market.
How to read the table. Fewer lenders actively promote a 4-year term, so the table may show fewer rows than the 5-year. Discount-channel rates (discounted column) are sometimes essentially identical to the 5-year, a sign that the 4-year doesn’t justify a separate price point at that lender.
Rates shown are updated daily and are not an offer of credit. Actual rates require lender approval and may differ. Discounted rates are the bank's own published special-offer rates; a mortgage broker can often secure a lower rate than what's shown. See our methodology.
| Rank | Lender | Posted | Discounted | |
|---|---|---|---|---|
| 1 | Tangerine | | 4.49% | Visit lender → |
| 2 | RBC Royal Bank | | 4.54% | Visit lender → |
| 3 | National Bank of Canada | | 4.59% | Visit lender → |
| 4 | CIBC | | 4.79% | Visit lender → |
| 5 | TD Bank | | — | Visit lender → |
| 6 | BMO Bank of Montreal | | — | Visit lender → |
| 7 | Scotiabank | | — | Visit lender → |
| 8 | Meridian Credit Union | | — | Visit lender → |
| 9 | Desjardins | | — | Visit lender → |
| 10 | ATB Financial | | — | Visit lender → |
Common questions
Why is the 4-year fixed less common than the 3 or 5?
The 4-year Government of Canada bond is less liquid than the 3- and 5-year benchmarks. Lenders often price the 4-year by interpolating between adjacent terms rather than from a clean market signal, so it rarely offers a meaningfully better deal.
When is a 4-year fixed actually the right pick?
When pricing puts the 4-year below both the 3- and 5-year (occasionally happens) and your life plans (job change, school cycle, planned move) genuinely align with a 4-year window.