RateLens, Daniel De Sousa, Mortgage Associate, Indi The Independent Mortgage Company Ltd. o/a Indi Mortgage

10-year fixed

10-year fixed mortgage rates

The longest term available in Canada. After 5 years, federal law caps the penalty to break it at 3 months of interest.

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Today's 10-year fixed

Rate
5.09%
APR
5.14%
Payment on $500,000
$2,934
You’d be qualified at
7.09%
Rate hold
120 days

Rates as of September 21, 2026 at 9:00 a.m. MT, subject to change without notice. O.A.C. Payment assumes a 25-year amortization with monthly payments and excludes property taxes, heat and condominium fees.

Rates as of September 21, 2026 at 9:00 a.m. MT

More than 24 hours old

Prime 4.45% · policy rate 2.25% (held September 2, 2026)

Compare it with our other published rates

We calculate every payment ourselves, on $500,000 over 25 years. The qualifying column is the greater of the contract rate plus 2 percentage points or 5.25%.

1 rate

Filtered by

  • 10 year fixed

    uninsured
    Rate
    5.09%
    APR
    5.14%
    Payment on $500,000
    $2,934
    You’d qualify at
    7.09%
    Hold this rate

Rates shown are current as of September 21, 2026 at 9:00 a.m. MT and are subject to change without notice. Rates are available on approved credit (O.A.C.) only, are subject to the terms and conditions of the applicable lender, and may vary based on your credit history, income, down payment or equity, loan-to-value, property type and location, occupancy, amortization, and whether the mortgage is insured, insurable or uninsured.

Annual percentage rates (APR) shown assume a mortgage amount of $500,000, an amortization of 25 years with monthly payments, and include no lender or brokerage fees. Fixed rates are compounded semi-annually, not in advance, as required under section 6 of the federal Interest Act; variable rates are compounded monthly. Payment figures exclude property taxes, heating, condominium fees and default insurance premiums unless stated. Insured rates require mortgage default insurance and are available only on qualifying transactions.

Rates may contain errors or omissions and do not constitute an offer of credit, a rate hold or a pre-approval. Not all applicants will qualify. Contact Daniel De Sousa, Mortgage Associate, to confirm the rate available to you. Daniel De Sousa is licensed by the Real Estate Council of Alberta (RECA) and registered with Indi The Independent Mortgage Company Ltd. o/a Indi Mortgage.

At 5.09%, you’d be qualified at 7.09%

Lenders don’t approve you at the rate you pay. Under OSFI Guideline B-20, they approve you at the minimum qualifying rate: the greater of your contract rate plus 2 percentage points, or 5.25%. It’s the most common reason a pre-approval comes back lower than a buyer expected.

Run the stress test

How the Interest Act caps the penalty after 5 years

Section 10 of the federal Interest Act says that on a mortgage with a term longer than 5 years, once 5 years have passed, you can repay the balance by paying no more than 3 months of interest. That's a statutory cap, not a lender policy, and it can't be contracted away on a mortgage held by an individual.

So a 10-year term works like a 5-year commitment followed by 5 years with a cheap exit. That's the case for it. The case against it is the rate: a 10-year fixed carries a meaningful premium over a 5-year, and you pay that premium for the whole decade whether or not you use the flexibility.

Who should consider a 10-year term

Borrowers close to the qualification limit who can't take on renewal risk. Borrowers on a fixed retirement income. Borrowers keeping a property they have no plans to sell, where certainty is worth more than the last few basis points.

That's a small group. Most files are better served by 5 years or less, and if yours is one of the exceptions, we'll tell you.

Your rate

Why your rate may differ from the one above

The rates on this page are for a clean, standard file. These 5 things change the rate you're offered, and we'll tell you where your file stands before you apply.

  • Your down payment

    Under 20% down means an insured mortgage. Insured mortgages usually get lower rates because the lender's loss is covered, so putting more money down can mean a higher rate.

  • Insured, insurable or uninsured

    Each one is a separate price tier. A refinance can never be insured, so it's always priced in the top tier, no matter how much equity you have.

  • Your amortization

    Going past 25 years moves an insured file into a higher premium band and pushes some files out of the insured tier altogether. A 30-year amortization is available to first-time buyers and on new builds.

  • The property and how you use it

    The benchmark is an owner-occupied detached home in Edmonton. A rental, a second home, an acreage over about 10 acres, a rural water supply or a small condo unit each narrow the list of lenders and usually add to the rate.

  • Your credit and income profile

    Your Beacon score, how long you've had credit, and whether your income is salaried, commission, self-employed or rotational decide which lenders will look at your file. That's what sets the price.

Rate holds

What a rate hold is

A rate hold is a lender's commitment to honour today's rate for a set period (up to 120 days) while you shop, wait for a closing, or count down to your renewal.

It's free

There's no fee and no commitment to that lender. A single credit check through a brokerage won't damage your credit file.

It works one way

If rates fall before you close, you take the lower rate. If they rise, you keep the rate you held.

It isn't an approval

A hold reserves pricing. It doesn't confirm your income, down payment or the property. The pre-approval and then the full application do that.

Hold today’s rate

No credit check, and no commitment.

Get an email when this rate moves

Pick a target and we’ll email you when our published rate reaches it, or every time it changes. Daniel can also check what lenders are charging today for a file like yours. Renewing? Plan your renewal

Set a rate alert

Today’s 10-year fixed, uninsured rate is 5.09% (5.14% APR), as of September 21, 2026 at 9:00 a.m. MT. We’ll email you when it moves.

Email me

Today it's 5.09%. We'll email you when it's at or below your target.

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Questions about these rates

Is the 10-year mortgage penalty capped at three months of interest?
After the first 5 years, yes. Section 10 of the Interest Act limits the prepayment charge to 3 months of interest on a mortgage with a term over 5 years held by an individual. In the first 5 years, the normal fixed-rate penalty applies: the greater of 3 months of interest or the interest-rate differential.
Can I get an insured 10-year mortgage?
Rarely, and it isn't on our published board. Default insurance on terms over 5 years is restricted, and most insured borrowers are better served by 5 years or less. In practice, 10-year terms are an uninsured product.

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It's 6 questions and takes about two minutes, with no credit check to start. Daniel will come back with the rate your file prices at and its monthly payment.

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