Toronto Mortgage Rates

Here are the latest Toronto mortgage rates. These rates are broker negotiated and not available directly from banks.

Rates as of September 17, 2019

Open 1 year 6.30% 6.30%
Fixed 1 year 3.59% 2.69%
Fixed 2 years 3.74% 2.69%
Fixed 3 years 3.89% 2.69%
Fixed 4 years 3.94% 2.69%
Fixed 5 years 5.19% 2.64%
Fixed 7 years 5.80% 2.89%
Fixed 10 years 6.10% 2.94%
Variable Rate 2.90%
Prime Rate 3.95%

Bank rates are current Toronto bank rates supplied by a cross-section of the top Canadian banks mortgage rates. These are the most current Toronto mortgage rates and are updated daily.

Our rates are our most competitive rates via our recommended mortgage broker. A given home buyer may or may not qualify for the lowest listed rate, but this rate is indicative of the kind of rates you can expect by dealing through our mortgage broker rather than approaching a bank directly. It is well worth your while to have the services of a good mortgage broker.

Change is the week to week change in Toronto mortgage rates. Many weeks there will be no change but this serves as an indication of where mortgage rates are going in Toronto.

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3 comments on “Toronto Mortgage Rates

  1. who is this mortgage broker and why are they lying about negotiating these rates? all banks are offering them and actually provide better service and advice.

    1. Hi Shelley,
      Our team uses several mortgage brokers to refer to our clients in order for the brokers to shop both bank and non bank lenders for the best rate and products based on the needs of our clients.

  2. My mortgage is coming up for renewal on January 1, 2010.

    My question, what is the lowest amount that the lender would lend me at that rate?


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