Best 5-Year Fixed Mortgage Rates This Week: October 5-11

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 October 5-11, 2026 (ISO week 41). Figures below come from our October 5, 2026 scrape (rates.json on the site; last updated 2026-10-05 10:01 UTC). For the live table, see our 5-year fixed rate hub and split insured vs uninsured products.

This Week's Top 5 Rates

Fifth place is a tie, so the table lists both lenders at 4.49% insured. Week over week versus our published week-40 best quote for each of these 25 lenders, no lender cut its 5-year fixed rate. Twelve raised their best quote and the other 13 were unchanged. The average of those best-per-lender quotes moved from 4.65% to 4.73%. That is a broad, modest drift upward in fixed quotes. Fixed quotes still move with bond yields.

Coast Capital Savings rose 0.30 percentage points, from 4.21% to 4.51% insured, and left last week's top five. Alterna Bank rose 0.25 points to 4.69%. CIBC rose to 4.79%, Manulife Bank to 4.79%, Equitable Bank to 4.89%, Home Trust to 4.99%, Simplii Financial to 5.14%, and TD Bank to 5.34% — each up 0.20 points. Butler Mortgage rose 0.15 points, from 4.14% to 4.29% insured. Wealthsimple rose 0.10 points to 4.44%, and Meridian Credit Union rose 0.10 points to 4.59%. National Bank of Canada rose 0.05 points to 5.04%. ATB Financial was unchanged at 4.14% insured and remains the lowest quote. CMLS Financial and True North Mortgage were unchanged at 4.49% insured.

Lowest fixed quote by term

Lowest fixed quote in the same October 5 scrape for each common term. The 5-year row is the same ATB Financial quote as above. Type is the product on that row.

All 25 lenders this week

Best 5-year fixed quote per lender from the same October 5 scrape. Type is the product in that row (insured or uninsured). Equal rates keep the sort order used above: CMLS Financial is listed before True North Mortgage at the shared 4.49%.

Example on a $500,000 mortgage

Insured vs uninsured

This week's lowest labeled insured 5-year fixed is ATB Financial at 4.14%. Butler Mortgage is also insured, at 4.29%. The lowest labeled uninsured quote in the same table is RFA Bank at 4.29%. 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 5-year variable 3.25% insured at Butler Mortgage; Meridian 3.44% insured), but they will move if prime moves after a future overnight-rate change.

Tips for Rate Shopping

1. Get pre-approved to hold a rate for 90-120 days
2. Compare rates AND terms (prepayment options, penalties)
3. Consider using a mortgage broker for access to more lenders
4. 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.