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Today’s Best Mortgage Rates

5 Year

554%
  • Fixed
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5 Year

630%
  • Variable
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3 Year

619%
  • Fixed
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Best Mortgage Rates in Toronto

With mortgage rates set to climb, and home prices in Greater Toronto Area set to do same, it’s essential to save on your Mortgage. You want a low Mortgage Rate but may also want a mortgage with features that give you flexibility if something changes. The new federal stress test continues to make qualifying for a mortgage in expensive markets like Toronto, a challenge for first-time buyers.  The new rules also mean mortgage rates need to be custom tailored for each client.

Fixed Mortgage Rates – Closed

Fixed Mortgage Rates are the predictable option.

The rate you secure remains consistent for your mortgage term, meaning your monthly payments (however you structure them) stay the same.

Term Everyday Rate Limited Rate Details
1 Year

7.04%

  • Purchase, Refinance and Renewing
  • Only Owner Occupied Property
  • Amortization 25 and 30 years
  • 15% Monthly Prepayment
  • 15% Lump sum pre-payment
Apply Now to hold This Rate
2 Years

6.84%

  • Purchase, Refinance and Renewing
  • Only Owner Occupied Property
  • 25yr or less Amortization
  • 15% Monthly Prepayment
  • 15% Lump sum pre-payment
Apply Now to hold This Rate
3 Years

6.29%

6.19%

  • Purchase and Renewing
  • Owner Occupied Property
  • Special Rate: Eligable for Default Insured transactions only
  • 15% Monthly Prepayment
  • 15% Lump sum pre-payment
Apply Now to hold This Rate
4 Years

5.69%

  • Purchase and Renewing
  • Owner Occupied Property
  • Special Rate: Eligable for Default Insured transactions only
  • 15% Monthly Prepayment
  • 15% Lump sum pre-payment
Apply Now to hold This Rate
5 Years

5.54%

  • Purchase and Renewing
  • Owner Occupied Property
  • Special Rate: Eligable for Default Insured transactions only
  • 15% Monthly Prepayment
  • 15% Lump sum pre-payment
Apply Now to hold This Rate

Variable Mortgage Rates – Closed

Variable Mortgage Rates have a fluctuating interest rate based on any movement in the lender’s prime rate.

Term Everyday Rate Limited Rate Details
3 Years

7.90%

(Prime +0.70%)

– –

  • Purchase and Renewing
  • Owner Occupied Property
  • 15% Monthly Prepayment
  • 15% Lump sum pre-payment
Apply Now to hold This Rate
5 Years

6.80%

(Prime-0.40%)

6.30%

(Prime-0.90%)

  • Purchase and Renewing
  • Owner Occupied Property
  • 20% Monthly Prepayment
  • 20% Lump sum pre-payment
  • Special Rate: Eligable for Purchase or Renewing Default Insured transactions only
Apply Now to hold This Rate

PLEASE NOTE

We do our best to keep these Mortgage Rates up to date. For this reason we update this list at least once a week.But long list of our Lenders and even more different programs make it difficult. In addition, we often, sometimes daily, receive Limited Time Rate Promotions. For this reason, sometime it is just impposible to be 100% updated. So please do not hesitate to contact us directly for the most recent information.

Also take to consideration that these Rates are only valid valid for subject properties located in province of Ontario.

Mortgage Rates in Ontario and in Canada overall are on the move! Whether it’s your Principal Residence, a Vacation or Income Property, depending on the lender, I can hold these low mortgage rates for up to four months.

Visit us, call or apply online today!

Lenders I Work with

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