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The Best 4 Year Fixed Closed Mortgage Rates

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Ready to find your best mortgage rate?

CIBC
President's Choice Financial
RBC Royal Bank
Scotiabank
Tangerine
TD Canada Trust
BMO Bank of Montreal
True North

To get started, tell us a bit about your location and borrowing needs - and we'll do the rest! Your personalized results will include the best rates from lenders and mortgage brokers, right in your region. Simply pick a product you like, and we'll put you in touch for more info by email, website or phone - no obligation or purchase required.

What is a mortgage broker - and why would I work with one instead of a bank?

Think of a mortgage broker as your personal mortgage shopper - they've got access to a number of rates offered by multiple lenders, and do the legwork to connect you with your best match. Brokers work with your unique financial institution, and will help negotiate the best rate on your behalf - best of all, their services are absolutely free!

The Security and Stability of a Fixed Closed Rate

When you have a fixed closed mortgage, your mortgage rate and the conditions of your mortgage will not change. Most Canadians prefer a fixed closed mortgage because it is dependable and predictable. Those looking to capitalize on the market or explore other payment options should explore variable or open options.

A Unique Rate for Mortgage Breakers

Canadians tend to refinance their mortgages every 3.5 years, making a four-year rate a unique proposition for those who expect to break their mortgage, but don't want to pay a large penalty. To determine the cost of breaking your mortgage, use our penalty calculator.

More Lenders = More Rates


While most Canadians prefer the standard five year fixed closed mortgage rates, these four year rates are an example of the wide variety of mortgage options. That's why RateSupermarket.ca compares the entire market, drawing rates from banks, mortgage brokers, credit unions and specialty lenders to find you the best rate.

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