Mortgage RatesFOR SOUTHERN ONTARIO
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Our network of 35 lenders means you will always get a great rate on a mortgage that fits your needs.
As of January 26, 2023.
|5 Year Fixed Insured**||4.84%|
|5 Year Variable Insured**||5.80%|
|5 Year Fixed Uninsured***||5.19%|
|5 Year Variable Uninsured***||6.35%|
Rates effective January 26, 2023 and subject to change
Additional rates and terms available upon request and subject to lender approval
Prime rate 6.70% effective January 26, 2023
**Insured Mortgage less then 20% down payment
***Uninsured Mortgage greater then 20% down payment
Plan Your Mortgage
Our easy-to-use calculator can help you understand what a mortgage will look like over the full life of the amortization period.
Enter your estimated values (Purchase Amount, Down Payment, Interest Rate and Amortization) to see the life cycle of your potential mortgage.
Canada’s Mortgage Rules
Since 2018, each Canadian will receive their own unique mortgage rate. This rate is based on a few factors including:
- Income and assets
- Any debts
- Employment history
- Down payment percentage
- Credit history
- Property value
Pre-qualifying does two important things:
- Find out the mortgage amount you can afford.
- Hold a rate for up to 120-days.
It only takes a few minutes to be pre-approved for a mortgage with no obligation. We will review your information and find the best rates & terms that fit your need.