Best mortgage rates in Brampton.
Today’s best rate in Brampton is 3.44%. We compare Brampton mortgage rates across 100+ Canadian lenders and lock your best on one application — no bureau pull to start.
The lowest rate on today’s board for Brampton is 3.44%. On the average price of $886,865, 20% down and the best 5-year fixed come to about $3,786/month; the smallest legal down payment is $63,687, plus $14,212 of Ontario land transfer tax at closing. Heavy newcomer + multi-generational buying. Self-employed and BFS files dominate.
Meridian Credit Union Best5-year variable3.44%Apply Meridian Credit Union5-year variable3.44%Apply 
Radius Financial3-year variable3.55%Apply Radius Financial3-year variable3.55%Apply 
Marathon Mortgage Corp0.5-year fixed3.64%Apply Marathon Mortgage Corp0.5-year fixed3.64%Apply 
Desjardins5-year variable3.70%Apply 
TD Canada Trust3-year variable3.97%Apply Rates illustrative; your file (credit, income, LTV) sets your personalized rate. See all Ontario rates →
Financing an $886,865 home in Brampton
At this price Brampton buyers can take the insured route: only the slice above $500,000 needs 10% down, which keeps the minimum near 7% of the price. Saving to 20% would take another $113,686 and removes the $32,927 premium.
On the 20%-down loan, variable is $266 a month cheaper than fixed today.
| At $886,865 | Minimum down | 20% down |
|---|---|---|
| Down payment | $63,687 | $177,373 |
| CMHC premium | $32,927 | None |
| Mortgage | $856,105 | $709,492 |
| Monthly, 5-yr fixed 4.14% | $4,568 | $3,786 |
| Monthly, 5-yr variable 3.44% | $4,247 | $3,520 |
| Stress-test payment at 6.14% | $5,549 | $4,599 |
25-year amortization, Canadian semi-annual compounding, best rates on today’s board. The stress test qualifies you at the greater of the contract rate plus 2 points or 5.25%. Illustrative, O.A.C. Model your own numbers in the payment calculator.
Land transfer tax on a Brampton purchase
Brampton is outside the City of Toronto, so only Ontario's land transfer tax applies — $14,212 on an $886,865 purchase.
The first-time-buyer refund is capped at $4,000, which here covers only 28% of the tax; a first-time buyer still owes $10,212.
All told, the minimum cash to close at this price — before legal fees, title insurance and adjustments — is about $77,899. Check other prices in the land transfer tax calculator.
The Brampton market behind your rate
The $886,865 figure is Brampton’s average price for August 2026 (the latest we have sourced), from Brampton average selling price, TRREB Market Watch.
Our Brampton guide works through the 3 questions that decide most files here:
- Brampton files are usually more than one income and more than one household. Brampton's buyer base is heavily newcomer and multi-generational, and the typical local application reflects that: several earners, sometimes across two generations, often with a registered or planned second unit in the home.
- Self-employed and business-for-self income in Brampton, documented properly. Brampton has one of the GTA's deepest self-employed and business-for-self borrower pools — trucking and logistics, trades, and owner-operated small businesses — and these files fail for a predictable reason: the income that funds the household is not the income that appears on the tax return.
- An illustrative Brampton file: three incomes, one that couldn't be counted. This is an illustrative composite built from the rules above — not a specific client, and not a promised outcome.
How Brampton neighbourhoods change the file
All 8 pockets below are freehold-led, so the financing turns on the appraisal, rental suites and the age of the stock rather than a condo corporation.
Bram East
2000s detached subdivisionNewer large-family stock where multiple incomes on one application are the norm. Lenders differ significantly on how they treat a non-occupant co-borrower, and that choice often decides the approval.
Bram West
Newer detached and townhouseRecent build-out with clean comparables. Registered basement suites are widespread; add-back of that rent is what most qualifying calculations here turn on, and it needs the suite legal and permitted to count.
Heart Lake
1970s–80s detached and semiEstablished mid-band stock with predictable comparables on both a purchase and a refinance. Older houses bring the usual roof, furnace and wiring conditions to the appraisal.
Sandalwood
1990s detached and townhouse subdivisionUniform vintage and predictable appraisals. Enough elapsed ownership that renewal and refinance now rival purchase in local volume, with take-outs capped at 80% loan-to-value.
Mount Pleasant
New-urbanist detached and town, rear-lane stockNarrow lots and rear-lane garages are a distinct form, and some lenders read laneway-access properties more conservatively on resale. Purpose-built secondary suites are common and must be legal to count.
Springdale
1990s–2000s detached family subdivisionLarge homes and large households: several earners on one application, and self-employed or business-for-self income in the mix often enough that document requirements, not credit, are the usual friction point.
Castlemore
Executive detached on larger lotsThe upper band in the city, with files clustered near the $1.5M insured ceiling. Above that line 20% down is a legal minimum rather than a choice, so insurability decides the budget.
Fletcher's Meadow
2000s detached, semi and townhouseConsistent recent build-out inside the insurable band. Freehold towns with a common-elements fee count that fee in your ratios, and secondary-suite income needs the suite permitted before a lender will use it.
This page is the rate-shopping side. For pre-approval strategy, document help and a dedicated advisor, see our Brampton mortgage broker page.
