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You can get 10-year fixed rates in Canada:

* https://www.ratespy.com/best-mortgage-rates/10-year/fixed

* https://www.ratehub.ca/best-mortgage-rates/10-year/fixed

For down payments <20% mortgage insurance is needed (usually from the federal government subsidiary, like Fannie/Freddie), but not for larger down payments: that's all free market.

Some institutions offer 18- and 25-year terms.

A fixed rate is just a derivative product (an Interest Rate Swap) attached to the mortgage, and people are happy to buy and sell them, why would you say it would not exist in a free market?

Case in point: there is no such government policy in Spain, yet most banks happily offer fixed rates.

You just need to hedge the fixed mortgage you are selling and add some interest to make profit.

30 year fixed rate is quite common in Chile, and the mortgage and housing industry is fully deregulated here