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Featured Mortgage
Rates

Explore current advertised rates. Your available rate will depend on the mortgage type, property, credit profile and lender qualification requirements.

Insured

5-Year Fixed

4.69%

Insured purchases with < 20% down payment. Predictable payments for 60 months. O.A.C.

Check Your Eligibility
Uninsured

5-Year Variable

5.65%

Uninsured purchases, refinances, and rental properties (Prime minus discount). O.A.C.

Check Your Eligibility

*Rates are subject to change without notice. O.A.C. Actual payments, interest rates, and loan qualifications depend on credit profile, property type, equity, and lender approval criteria.

Market Overview & Rate Insights

Mortgage interest rates are influenced by Government of Canada bond yields and Bank of Canada benchmark policy. Our mortgage professionals continuously evaluate lender rate sheets across Ontario to help clients find optimal terms tailored to their financial timeline.

Guidance for Homeowners

A 3-Year Fixed term remains a popular choice for borrowers balancing rate predictability with the option to evaluate market conditions at an earlier renewal interval without excessive prepayment penalties.

Estimate Your Mortgage Payment

Adjust the sliders below to estimate your monthly payments and see how interest rates impact your mortgage.

$500,000
$100,000 (20.0%)
4.5%
25 Years
Estimated Monthly Payment
$2,223
  • Principal & Interest $2,223
  • Mortgage Default Insurance $0
Get a Personalized Estimate

*This calculation is provided for estimation purposes only and does not constitute a mortgage approval or affordability assessment. Actual payments and qualifications are subject to lender approval based on individual financial circumstances.

Understanding Mortgage Rates

Frequently asked questions about mortgage financing in Ontario.

Fixed rates provide certainty—your monthly payment and interest rate remain locked for the duration of the term. Variable rates adjust with prime rate changes. Your advisor will help determine which option aligns best with your cash flow and risk tolerance.
Insured rates apply to purchases with less than 20% down payment backed by default insurance (CMHC, Sagen, Canada Guaranty). Insurable rates apply to conventional purchases with 20%+ down that meet default insurer portfolio criteria. Uninsured rates apply to refinances, rental properties, and properties over $1,000,000.
Many lenders offer pre-approval rate holds for up to 90 to 120 days on fixed-rate applications. This protects your rate while you shop for a home across Ontario.
Advertised rates represent the most competitive pricing available On Approved Credit (O.A.C.). Final rates are determined following a review of property details, loan-to-value ratio, credit score, and lender qualification criteria.