Select Page

Best Mortgage Rates in Ontario

 

Our goal at CompareMyRates.ca is to make your shopping for the best mortgage rates in Ontario quick and pain-free. We are always working to bring you the lowest mortgage rates in Ontario free-of-charge. We do this by shopping the most competitive brokers, banks, and lenders in Ontario. You can be sure you are getting the most up-to-date information, as we update the comparisons daily.

Best 3-Year Fixed Rate

Tangerine

2.69%

3 Year Fixed

90 Days

Hold until Jan 13

$1,463.95

Payment

 

Best 3-Year Variable Rate

Bank of Montreal

3.75%

3 Year Variable

30 Days

Hold until Nov 14

$1,640.18

Payment

 

Best 5-Year Fixed Rate

motusbank

2.64%

5 Year Fixed

90 Days

Hold until Jan 13

$1,455.90

Payment

 

Best 5-Year Variable Rate

Meridian Credit Union

2.9%

5 Year Variable

60 Days

Hold until Dec 14

$1,498.01

Payment

 

Filter Mortgage Rates

  • $
  • $
  • $

 



Best Mortgage Rates in Ontario

Finding a mortgage that is right for you is not just about finding the cheapest interest rates anymore. Use our comparison tools to not only find the best rates on Mortgages in Ontario but also to compare the various terms and conditions each mortgage has. Find the latest information on open or closed mortgages, prepayment options, or fixed and variable-rate mortgages.

  • It doesn’t matter if you are a first-time homebuyer, refinancing, looking for a pre-approval, or consolidating debt, CompareMyRates.ca seeks to be your first and last stop for the best rates in Ontario. Our provided rates are for all the major cities in Ontario, in addition to many other areas throughout the province.
  • Mortgage Rates in Ontario change very frequently. If you want the lowest mortgage rates Ontario has to offer, then you have visited the right website. With information about all the mortgage rates Ontario has, your search for the cheapest and most affordable way to own a house has successfully concluded! CompareMyRates.ca helps you find the current best mortgage rates in Ontario in one easy to use location.
  • What if we told you that we could show you average rates less than 2.5% on fixed-rate mortgages in Ontario? That is over 1.5% lower than the bank posted rates!
  • To put these interest savings into perspective: on a $400,000 mortgage, this would give you more $100,000 over the life of the loan. That’s a lot of money you can invest elsewhere!

Which is the most popular mortgage rate in Ontario – Variable or Fixed?

When comparing mortgage rates, it is important to consider the recent history of the rates to get a full picture of where they are going. When you look at the last several years and the thousands of people who have used CompareMyRates.ca, you will see that most people who are given the option between a 5-year variable or 5-year fixed-rate mortgage will choose a 5-year variable-rate mortgage because of the savings on interest.

This is a trend we will probably see continue due to how much variable rates have come down in the last several years.

Lowest Mortgage Rates in Ontario

With the lowest mortgage rates Ontario has, you can afford your dream home with a lot more comfort. However, your broker or service may not be able to find you these rates as easily, but CompareMyRates.ca can. With a database of all the latest mortgage interest rates Ontario has, you will be able to find one that suits your financial plan in the best way.

Comparing rates among various brokers will let you know if yours is getting you the best deal- and where you can actually go to save even more money. Just enter your mortgage amount and let CompareMyRates.ca do the rest.

Why should I compare mortgage rates in Ontario?

We never buy anything without comparing- be it mobile phones, internet providers, clothes or even automobiles. However, when we do the same with mortgages, the benefits are even bigger. CompareMyRates.ca gives you an easy and highly efficient way to compare mortgage rates in Ontario. This helps you save a lot of time and money with the best mortgage brokers Ontario has, along with the deals that they offer.

Owning your dream house can be a lot more affordable when you get the right mortgage deal- and that is what CompareMyRates.ca will help you find. Just enter your mortgage amount and terms to find and compare the best deals in Ontario.

A Guide to the First-Time Home Buyer Incentive

A Guide to the First-Time Home Buyer Incentive

The federal government launched the First-Time Home Buyer Incentive (FTHBI) on September 2, 2019. With funding of $1.25 billion dollars to be used over the next three years, this program aims to help thousands of Canadians become homeowners. If you qualify, you apply for a 5% or 10% shared equity mortgage with the Government of Canada.
read more
Best Motusbank Mortgage Rates & Reviews

Best Motusbank Mortgage Rates & Reviews

Countless Canadians are dreaming of their first home or their next home, and Motusbank is clearly offering a lot of interesting options, low rates, and fantastic flexibility to give its members the best possible start on the road towards home-ownership.
read more