This Page’s Content Was Last Updated: April 2026
This Page’s Mortgage Rates Were Last Updated: April 15, 2026 12:32 PM ET
Today’s Mortgage Rates updated as of April 15, 2026 12:32 PM ET
4-Year Fixed*
*Insured mortgage rates only. Conditions apply. Rates are current as of today and subject to change without notice. Applicable to high-ratio purchase and renewal transactions with loan-to-value (LTV) ratios greater than 80.01% and up to 95%. Certain programs may also be available for insured files at 65% LTV and below, subject to insurer and lender guidelines on OAC.
Locks in your mortgage rate and payment for 4 years
Offers near long-term stability with slightly more flexibility than 5-year terms
Lower renewal frequency than short-term fixed mortgages
Still requires planning before renewal
A 4-year fixed mortgage rate provides a guaranteed interest rate and payment for 48 months. This term is often chosen by borrowers who want strong payment stability without committing to a full five-year fixed mortgage.
At Citadel Mortgages, we help Canadians understand when a 4-year fixed mortgage makes sense, how it compares to other terms, and what to consider before renewal.
A 4-year fixed mortgage is a mortgage term where:
The interest rate is fixed for four years
Monthly payments remain consistent
You are protected from interest rate increases during the term
At the end of the 48-month term, the mortgage must be renewed, refinanced, or paid out, depending on market conditions and your financial goals.
According to the Financial Consumer Agency of Canada, fixed-rate mortgages provide payment stability for the length of the term, while renewal terms depend on market conditions at maturity.
Even though your rate is fixed during the term, new 4-year fixed mortgage rates change due to:
Interest rate policy decisions
Inflation expectations
Lender funding costs
Mortgage rate trends are influenced by broader economic conditions and monetary policy set by the Bank of Canada.
A 4-year fixed mortgage may be suitable if you:
Want strong payment stability without a 5-year commitment
Expect potential changes in 4–6 years
Prefer fewer renewals than short-term fixed terms
Value predictability but still want some flexibility
Borrowers who want maximum long-term certainty may prefer longer fixed terms.
Predictable payments for four years
Less renewal risk than short-term fixed mortgages
More flexibility than a 5-year fixed mortgage
Easier long-term budgeting
Less flexibility than shorter terms
Fixed-rate penalties may apply if broken early
May miss out if rates decline significantly
Today’s Mortgage Rates updated as of April 15, 2026 12:32 pm
4-Year Fixed Mortgage
Near long-term stability
Moderate flexibility
3-Year Fixed Mortgage
More flexibility
Higher renewal frequency
5-Year Fixed Mortgage
Maximum stability
Least flexibility
You can compare all fixed and variable options on our Best Mortgage Rates in Canada page.
Before choosing a 4-year fixed mortgage, consider:
How long you plan to stay in the property
Whether refinancing or selling is likely
Your tolerance for interest-rate risk
Penalties and renewal terms
Understanding your mortgage renewal options ahead of time helps avoid unexpected costs.
“A 4-year fixed mortgage is often chosen by borrowers who want long-term stability but prefer not to lock into a full five-year term. It can be a smart compromise when flexibility still matters.”
You can renew, refinance, or switch lenders depending on your financial needs and market conditions.
Typically, 4-year fixed rates are slightly higher than 2- or 3-year terms but lower than 5-year terms.
Yes, but early repayment penalties may apply based on your lender’s terms.
Yes, it offers a balance of stability and flexibility, making it a great choice for new homeowners.
They can be slightly lower, but this depends on market conditions.
It’s less common than 5-year terms but appeals to borrowers seeking flexibility.
Borrowers expecting major changes within a short timeframe may prefer shorter terms.
Simplify your financial planning with our full calculator suite:
When you work with Citadel Mortgages, you benefit from:
Access to banks, credit unions, and alternative lenders
Clear explanations of renewal risk and penalties
Mortgage advice focused on strategy, not just rates
Support before, during, and after renewal
Some borrowers also explore long-term mortgage planning strategies, such as a 2-in-1 mortgage, depending on their goals.
A 4-year fixed mortgage provides strong payment stability with slightly more flexibility than longer fixed terms. Citadel Mortgages helps you compare options and choose a mortgage aligned with your plans.