The Best 4 Year Fixed Mortgage Rates in Ontario

On this page we review the best 4 year fixed mortgage rates Ontario and provide a quick review to help discover if there is an opportunity with this rate. Connect with Altrua today for more information, rate comparisons, and answers to your questions.

Private: Template 4 Year Fixed

As of April 1, 2025

As of April 1, 2025

4 yr Fixed

Lender
Insured

Insured mortgage rates are typically for less than 20% down payment and are insured against default through the CMHC or comparable default insurer. This involves a one time insurance premium built into the mortgage principal. Maximums: 25 YR amortization, $999,999 purchase price. No refinances.
Insurable

Insurable mortgages follow similar criteria as insured mortgages, but because these are 20%+ down payment/equity, there is no default insurance premium or additional cost built into the mortgage. Available for purchase and renewal, but not refinance/ equity takeout.
Uninsured

Uninsured mortgages are available for purchases of $1,000,000+ and refinance/equity take out transactions. Additional flexibility of uninsured mortgages includes optional 30 year amortization and more flexible borrowing limits.
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  • Altrua Financial Mortgage Rates

    Altrua scans its database of 100+ for the best rates, then negotiates these rates even lower!

    4.14%

    Payment: $18,94/mo

    4.24%

    Payment: $18,94/mo

    4.24%

    Payment: $18,94/mo

  • TD

    4.34%

    Payment: $18,94/mo

    4.34%

    Payment: $18,94/mo

    4.39%

    Payment: $18,94/mo

  • BMO

    6.34%

    Payment: $18,94/mo

    6.34%

    Payment: $18,94/mo

    6.34%

    Payment: $18,94/mo

  • CIBC

    4.29%

    Payment: $18,94/mo

    4.29%

    Payment: $18,94/mo

    4.39%

    Payment: $18,94/mo

  • RBC

    4.34%

    Payment: $18,94/mo

    4.34%

    Payment: $18,94/mo

    4.44%

    Payment: $18,94/mo

  • Scotia

    4.49%

    Payment: $18,94/mo

    4.74%

    Payment: $18,94/mo

    4.74%

    Payment: $18,94/mo

  • National Bank

    4.14%

    Payment: $18,94/mo

    -

    Payment: -

    4.24%

    Payment: $18,94/mo

  • Manulife

    4.84%

    Payment: $18,94/mo

    4.84%

    Payment: $18,94/mo

    -

    Payment: -

  • Desjardins

    4.29%

    Payment: $18,94/mo

    4.44%

    Payment: $18,94/mo

    4.44%

    Payment: $18,94/mo

  • Laurentian Bank

    4.34%

    Payment: $18,94/mo

    4.64%

    Payment: $18,94/mo

    4.64%

    Payment: $18,94/mo

  • First Ontario

    4.74%

    Payment: $18,94/mo

    4.74%

    65% Loan to Value

    Payment: $18,94/mo

    4.74%

    Payment: $18,94/mo

  • Alterna

    -

    Payment: -

    4.89%

    Payment: $18,94/mo

    5.09%

    Payment: $18,94/mo

  • DUCA

    -

    Payment: -

    -

    Payment: -

    -

    Payment: -

  • MCAP

    4.49%

    Payment: $18,94/mo

    4.74%

    Payment: $18,94/mo

    4.79%

    Payment: $18,94/mo

  • First National

    4.49%

    Payment: $18,94/mo

    4.49%

    Payment: $18,94/mo

    -

    Payment: -

  • ICICI

    6.74%

    Payment: $18,94/mo

    6.74%

    Payment: $18,94/mo

    6.74%

    90 day rate hold

    Payment: $18,94/mo

  • CMLS

    4.89%

    Payment: $18,94/mo

    5.14%

    Payment: $18,94/mo

    -

    Payment: -

Quick Review of 4 Year Fixed Mortgage Rates Ontario

  • In 2025, the 4-year fixed rate is looking for more rate certainty and if a notable discount is being offered by your lender versus a 5-year fixed rate.
  • Typically, the market is less efficient with 4-year fixed rates versus the highly competitive 5-year fixed rate market. So we typically see better value with the 5 yeear.
  • If you need to break the mortgage during the term, the 4 year rate would offer a lower penalty versus a 5 year fixed, due to less time remaining in the term.

Frequently Asked Questions

Will mortgage rates be lower in 4 years, when the mortgage matures?

According to market forecasts we could see higher fixed and variable rates in 4 years. While there is a smaller chance of lower rates in 4 years, the 5 year fixed rate offers more protection and certainty against higher rates.

Is the 4-year rate better than the 3 year rate?

The 4 year fixed rate is not necessarily better than the 3 year fixed rate. The question is, if it is a better fit mortgage rate for your unique situation and tolerance to risk.

Is the four year fixed rate riskier than a five year fixed rate?

That’s an interesting question because risk works in two ways. If rates are lower in 4 years, you have a higher risk of paying more on interest. However, if rates are higher in 4 years at your next renewal date, then you risk paying more at renewal. Currently, as of April 2025, the market odds are that rates will be higher in 4 years to the balance of probabilities is that the 4 year fixed rate is riskier.