Wealthsimple

Wealthsimple Mortgage Rates

Compare current Wealthsimple mortgage rates in Canada

Low rates, cash back, and a fully digital mortgage experience.

Best Wealthsimple Rates

Lowest rates by product type

5-Year Fixed

Insured

No rate available

5-Year Fixed

Uninsured

4.24%

Uninsured

View Rate

5-Year Variable

Insured

No rate available

5-Year Variable

Uninsured

3.74%

Uninsured

View Rate

Rate Overview

Best rate for each term and product type

Best Not offered

Term	Fixed Insured	Fixed Uninsured	Variable Insured	Variable Uninsured
3 years	—	4.49%Apply	—	—
5 years	—	4.24%Apply	—	3.74%Apply

Fixed Rate Mortgages

Lock in your rate for the term of your mortgage

3 years

1 option

Best Rate

Uninsured

4.49%

Get This Rate

5 years

1 option

Best Rate

Uninsured

4.24%

Get This Rate

Variable Rate Mortgages

Rates change with the prime rate

5 years

1 option

Best Rate

Uninsured

3.74%

Get This Rate

About Wealthsimple

Wealthsimple has disrupted the Canadian mortgage market by offering a fully digital, commission-free mortgage experience with cash-back bonuses up to $3,000 for eligible clients. Wealthsimple searches across 25+ lending partners to find the best fixed and variable mortgage rates, then passes savings directly to borrowers. Their insured 5-year fixed rate and variable rate options are among the most competitive in Canada. The entire process — from rate quote to approval — happens online, with a dedicated broker guiding you through closing. Wealthsimple's tiered cash-back program rewards loyal clients: Core members get up to $500, Premium up to $1,500, and Generation up to $3,000.