Best 5-Year Fixed Mortgage Rates This Week: September 21-27
The lowest 5-year fixed quotes among 25 Canadian lenders this week start at 4.06% (Coast Capital Savings), from our September 21, 2026 scrape.
Andrew
Rate Analyst
Every week, we analyze mortgage rates from Canada's lenders to find you the best deals. Here's your weekly roundup of the best 5-year fixed mortgage rates for September 21-27, 2026 (ISO week 39). Figures below come from our September 21, 2026 scrape (data/rates.json / /api/rates.json, last updated 2026-09-21 10:10 UTC). For the live table, see our 5-year fixed rate hub and split insured vs uninsured products.
This Week's Top 5 Rates
| Rank | Lender | Rate | Type | Notes |
|---|---|---|---|---|
| 1 | Coast Capital Savings | 4.06% | Insured | BC credit union |
| 2 | Butler Mortgage | 4.09% | Uninsured | Broker channel |
| 3 | Wealthsimple | 4.19% | Insured | Digital lender |
| 4 | First National | 4.24% | Insured | National broker |
| 5 | ATB Financial | 4.29% | Insured | Credit union bank |
Week over week, the five lowest 5-year fixed quotes are unchanged versus week 38: Coast Capital Savings 4.06%, Butler Mortgage 4.09%, Wealthsimple 4.19%, First National 4.24%, and ATB Financial 4.29%.
5-year fixed range (25 lenders): 4.06% – 5.14%
Average of 5-year fixed products in our table: 4.56%
Posted rates in this scrape: TD 6.09%, CIBC 6.49%
Best 5-year variable this week
If you are comparing against a fixed quote, the lowest 5-year variable in the same September 21 scrape is 3.44% insured at Meridian, with nesto, Wealthsimple, and First National at 3.45% insured. See the full variable rate hub.
The Bank of Canada held the overnight rate at 2.25% on September 2, 2026, so variable payments should not reprice from that decision alone. Fixed quotes still move with bond yields. Read the September 2026 BoC hold recap.
All 25 lenders this week
Best 5-year fixed quote per lender from the same September 21 scrape. Type is the product in that row (insured or uninsured), not every product the lender offers.
| Rank | Lender | Rate | Type |
|---|---|---|---|
| 1 | Coast Capital Savings | 4.06% | Insured |
| 2 | Butler Mortgage | 4.09% | Uninsured |
| 3 | Wealthsimple | 4.19% | Insured |
| 4 | First National | 4.24% | Insured |
| 5 | ATB Financial | 4.29% | Insured |
| 6 | RFA Bank | 4.29% | Uninsured |
| 7 | nesto | 4.39% | Insured |
| 8 | Alterna Bank | 4.44% | Insured |
| 9 | True North Mortgage | 4.44% | Insured |
| 10 | Meridian Credit Union | 4.49% | Insured |
| 11 | Home Trust | 4.49% | Insured |
| 12 | Manulife Bank | 4.54% | Insured |
| 13 | CMLS Financial | 4.54% | Uninsured |
| 14 | Equitable Bank | 4.54% | Uninsured |
| 15 | Canadian Imperial Bank of Commerce | 4.59% | Insured |
| 16 | Simplii Financial | 4.59% | Insured |
| 17 | Tangerine | 4.69% | Uninsured |
| 18 | Desjardins | 4.69% | Uninsured |
| 19 | Royal Bank of Canada | 4.74% | Insured |
| 20 | Vancity | 4.79% | Insured |
| 21 | Bank of Montreal | 4.84% | Insured |
| 22 | National Bank of Canada | 4.89% | Uninsured |
| 23 | Scotiabank | 4.90% | Uninsured |
| 24 | Laurentian Bank | 5.04% | Uninsured |
| 25 | TD Bank | 5.14% | Insured |
Example on a $500,000 mortgage
25-year amortization, monthly payment estimate:
- At 4.06% (best 5-year fixed): $2,656/month
- At 6.49% (CIBC posted in this scrape): $3,373/month
- Monthly difference: $717
- 5-year difference: $43,020
Estimate your own payment with the mortgage payment calculator. Qualification still uses the stress-test rate — check it with the stress test qualifier.
Insured vs uninsured
This week's lowest 5-year fixed is an insured (high-ratio) product. The lowest uninsured 5-year fixed in the same table is Butler Mortgage at 4.09%. Shop both insured and uninsured hubs if your down payment sits near 20%.
The lowest advertised rates typically still require:
- Strong credit and documented income
- Debt-service ratios within lender guidelines
- Less than 20% down for insured pricing, or 20%+ for uninsured
Should You Lock In Now?
For borrowers who value payment certainty, these 5-year fixed quotes are the current market — not a forecast. The next Bank of Canada decision is October 28, 2026. Variable rates remain lower in this scrape (best 3.44%), but they will move if prime moves after a future overnight-rate change.
Tips for Rate Shopping
- Get pre-approved to hold a rate for 90-120 days
- Compare rates AND terms (prepayment options, penalties)
- Consider using a mortgage broker for access to more lenders
- Don't forget to negotiate - even published rates often have room
More context: the mortgage guide covers product choice, qualification, and closing costs alongside these weekly numbers.
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