Fixed-term fixed-rate mortgage
Same rate guaranteed for your term.
Term
6 months, 1 to 5 years, 7 years or 10 years
Amortization
Up to 30 years
Great if
You want to count on making the same payment for your entire term
Key features.
Peace of mind and predictable budgeting
Get the same interest rate for the entire term of your mortgage, so you can count on making the same payment every month.
Financial flexibility
A re-advanceable feature allows you to diversify your interest rate risk by splitting your mortgage into variable rate and fixed-rate components.
Early renewal rate lock-in
If you renew early and extend into your next term with us, you can get a blended rate* between your existing rate and the market rate without a prepayment penalty.
More to love about this mortgage.
- Choice of payment frequency
Make payments weekly, bi-weekly, monthly, semi-monthly, accelerated weekly, or accelerated bi-weekly. Paying more frequently will save you interest and shorten the time it takes to pay off your mortgage. - Options to prepay
Get some repayment flexibility, with options to prepay up to 20% of your original balance once per mortgage year and increase payments by up to 20% once per mortgage year. - Bring this mortgage with you if you move
When you buy a new home, you can transfer this mortgage to your new property and keep the same terms and conditions, including the interest rate. - Ability to assign the mortgage to another party
Transfer your mortgage with the original rates and terms to someone else. If you’re selling your home, this can give you a market advantage if current rates are higher than when you first took on your mortgage.
Current rates.
4.24%**
4.29%**
4.34%**
5.49%◊
4.79%◊
4.19%◊
4.34%◊
4.39%◊
4.44%◊
4.97%◊
5.29%◊
| Mortgage | Rates (APR)† as of 2026-03-27 |
|---|---|
3-year fixed-term fixed-rate (special offer) | 4.24%** |
4-year fixed-term fixed-rate (special offer) | 4.29%** |
5-year fixed-term fixed-rate (special offer) | 4.34%** |
6-month fixed-term residential | 5.49%◊ |
1-year fixed-term residential | 4.79%◊ |
2-year fixed-term residential | 4.19%◊ |
3-year fixed-term residential | 4.34%◊ |
4-year fixed-term residential | 4.39%◊ |
5-year fixed-term residential | 4.44%◊ |
7-year fixed-term residential | 4.97%◊ |
10-year fixed-term residential | 5.29%◊ |
Buy your first home with less.
With a high-ratio insured mortgage, you could put as little as 5% down on the first $500,000 and 10% on the rest for a home that costs under $1.5 million. You’ll also get a reasonable interest rate, even with your smaller down payment
Eligibility.
You are at least 19 years old
You live in British Columbia and have a BC address
The home you’re looking to purchase or build is in British Columbia
You pass the stress test
The stress test is a formula set by the Federal Government to ensure you’ll be able to afford your mortgage. To pass the stress test, you’ll need to qualify at the greater of the contractual mortgage rate plus 2%, or the OSFI Minimum Qualifying Rate (5.25%, as of December 15, 2022).
Find a specialist near you.
Interested in a new mortgage or refinancing? Browse our mortgage specialists to connect with someone in your area.
Talk through your questions.
For general mortgage inquiries or help with renewing your mortgage, book a time that works for you and we’ll give you a call back.
Explore other mortgage types.
Fixed-term variable rate mortgage
Great if you’re comfortable with a variable rate and want to take advantage of potential rate decreases during your term.
Tools to help you get on track.
The annual percentage rate (APR), compounded semi-annually, not in advance. The APR is for a mortgage of $100,000 with monthly payments and a 25 year amortization. APR assumes no fees apply. You may be required to pay additional fees which would increase your APR. 5-Year Variable Fixed Term Mortgage interest rate is compounded monthly, not in advance. Vancity’s variable mortgage offers you a variable interest rate based on Vancity’s variable rate over a 5-year fixed term. Rate changes when Vancity variable rate changes. Rates subject to change without notice. Refer to the Vancity Variable Rate section for more information.
Some conditions apply. Available to Vancity members on new and renewing mortgages where the mortgage loan-to-value is less than 75% and the amortization is 25 years or less. Must be owner occupied. Additional qualification criteria apply to the 7-year Fixed Term Residential Mortgage. All applicants must meet the Vancity lending criteria. Rate is subject to change or may be withdrawn without notice at any time.
Some conditions apply. Available to Vancity members on new and renewing mortgages where the mortgage loan-to-value is less than 75% and the amortization is 25 years or less. Must be owner occupied. All applicants must meet the Vancity lending criteria. Rate is subject to change or may be withdrawn without notice at any time. Limited time offer and subject to change anytime. Cannot be combined with mortgage renewal discounts or any Exclusive Rate Discounts
Available to members with less than 20% down payment, a residential property with a purchase price under $1,500,000, the amortization is 30 years or less, owner occupied, and who are eligible for and purchase mortgage default insurance. Default insurance is subject to eligibility conditions, limitations and exclusions. All applicants must meet the Vancity lending criteria. The annual percentage rate (APR), compounded semi-annually, not in advance. The APR is for a mortgage of $100,000 with monthly payments and a 25 year amortization. APR assumes no fees apply. You may be required to pay additional fees which would increase your APR. Rate is subject to change or may be withdrawn without notice at any time. This rate cannot be combined with the mortgage cash back offer.
Terms and conditions apply. The mortgage blend and extend option lets you renew your mortgage immediately for a new term. Vancity will blend your existing fixed-term fixed-rate interest rate with a new fixed-term fixed-rate interest rate. Your blended mortgage rate will be in between these two interest rates and extends the maturity date for another longer term. No mortgage prepayment penalty fees apply for this blend and extend mortgage option. Member requests for an increased mortgage loan for the new term are subject to meeting Vancity’s lending criteria. Your new interest rate will depend on the circumstances of your mortgage including for example the number of months remaining on your current term, the amortization of your mortgage and the loan to value ratio of your mortgage. Member requests for an increased mortgage loan for the new term are subject to meeting Vancity’s lending criteria. Increases to the mortgage loan may also be subject to mortgage re-advance and property evaluation fees.Your new interest rate will depend on the circumstances of your mortgage including for example the number of months remaining on your current term, the amortization of your mortgage and the loan to value ratio of your mortgage. Member requests for an increased mortgage loan for the new term are subject to meeting Vancity’s lending criteria. Increases to the mortgage loan may also be subject to mortgage re-advance and property evaluation fees.
Some conditions apply. This advertised rate is only available to members with 20% or greater down payment on the property, purchasing a residential owner-occupied property with purchase price under $1,000,000, and mortgage amortization of 25 years or less. All applicants must meet the Vancity lending criteria. The annual percentage rate (APR), compounded semi-annually, not in advance. The APR is for a mortgage of $100,000 with monthly payments and a 25 year amortization. APR assumes no fees apply. You may be required to pay additional fees which would increase your APR. Rate is subject to change or may be withdrawn without notice at any time.