Best 5-Year Fixed Mortgage Rates This Week: October 19-25

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 19-25, 2026 (ISO week 43). Figures below come from our October 19, 2026 scrape (rates.json on the site; last updated 2026-10-19 09:57 UTC). For the live table, see our 5-year fixed rate hub and split insured vs uninsured products.

National Bank of Canada is included in this week's rankings, averages, and week-over-week comparisons. The week-42 post left it out because its 5-year fixed and 5-year variable rows in the October 12 scrape were identical. In the October 19 scrape those rows are distinct: 5.14% fixed uninsured and 5.04% variable uninsured.

RFA Bank is also included. The week-42 post left out a 4.29% uninsured 5-year fixed that came from a fallback copy of its rate sheet. Today's rows come from a live scrape: 4.89% fixed insured and 5.29% fixed uninsured. The ranking uses the insured 4.89% quote.

This Week's Top 5 Rates

Third place is a tie, so the table lists both lenders at 4.49% insured. Week over week versus the 23 lenders ranked in the week-42 post, three raised their best 5-year fixed quote and the other 20 were unchanged. None of those 23 cut a rate. The average of those best-per-lender quotes moved from 4.79% to 4.84%. Adding National Bank of Canada and RFA Bank, the average across all 25 best quotes is 4.85%.

ATB Financial is unchanged at 4.34% insured and still has the lowest quote. Butler Mortgage is unchanged at 4.44% insured. CMLS Financial and Wealthsimple are unchanged at 4.49% insured, and Coast Capital Savings is unchanged at 4.51% insured, so the top five matches the week-42 post. TD Bank rose 0.05 percentage points, from 5.34% to 5.39%. Tangerine rose 0.35 points, from 4.69% to 5.04% uninsured. Equitable Bank rose 0.70 points, from 4.89% to 5.59% uninsured. The Equitable row in this scrape is the Standard Mortgage Rate (Closed). TD's posted 5-year fixed in this scrape is 6.14%, versus 6.09% in the week-42 post. CIBC's posted 5-year fixed is 6.49% and Manulife's is 5.39%, the same posted figures cited in that post.

Lowest fixed quote by term

Lowest fixed quote in the same October 19 scrape for each common term. The 5-year row is the same ATB Financial quote as above. The 1-year through 5-year lows match the week-42 term table. The 7-year low is Vancity at 4.97% uninsured; the week-42 post listed Tangerine at 4.79%. Tangerine's 7-year row in this scrape is 5.14%. The 10-year low is Tangerine at 5.19% uninsured; the week-42 post listed Tangerine at 4.99%.

All 25 lenders this week

Best 5-year fixed quote per lender from the same October 19 scrape. Type is the product in that row (insured or uninsured). Equal rates keep alphabetical order: CMLS Financial is listed before Wealthsimple at the shared 4.49%. TD Bank's insured and uninsured rows are both 5.39%; the table shows insured. Butler Mortgage rates in this scrape are labeled insured.

Example on a $500,000 mortgage

Insured vs uninsured

This week's lowest labeled insured 5-year fixed is ATB Financial at 4.34%. Next are Butler Mortgage at 4.44% insured, CMLS Financial and Wealthsimple at 4.49% insured, and Coast Capital Savings at 4.51% insured. Butler Mortgage rates in this scrape are labeled insured. The lowest labeled uninsured 5-year fixed quotes are ATB Financial at 4.59%, Desjardins at 4.69%, Meridian Credit Union at 4.74%, and True North Mortgage at 4.79%. RFA Bank's uninsured 5-year fixed is 5.29%. 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; nesto 3.41% 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. Rates self-reported by Canadian borrowers online are aggregated on the real mortgage rates page. To place one renewal offer on that distribution, use the renewal offer checker.