Best mortgage rates in Burlington.
Today’s best rate in Burlington is 3.00%. We compare 100+ lenders and lock your best on one application. No credit pull to start.
What will a mortgage cost in Burlington?
On the average price of $1,020,937, 20% down and the best 5-year fixed come to about $4,358/month. The smallest legal down payment is $77,094, plus $16,894 of Ontario land transfer tax at closing. Lakefront, family-oriented; refinance and renewal book is heavy here.
Who has the best mortgage rate in Burlington?
Marathon Mortgage Corp, at 3.00%. Your own rate depends on your file.
Marathon Mortgage Corp Best5-year variable3.00%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 →
What would my payment be on a $1,020,937 home in Burlington?
About $4,358/month with 20% down at the best 5-year fixed, or $5,238/month with the minimum down.
| At $1,020,937 | Minimum down | 20% down |
|---|---|---|
| Down payment | $77,094 | $204,188 |
| CMHC premium | $37,754 | None |
| Mortgage | $981,597 | $816,749 |
| Monthly, 5-yr fixed 4.14% | $5,238 | $4,358 |
| Monthly, 5-yr variable 3.00% | $4,645 | $3,865 |
| Stress-test payment at 6.14% | $6,362 | $5,294 |
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.
How we worked out a $1,020,937 Burlington purchase
A seven-figure average price that still sits $479,063 under the insurance ceiling gives Burlington buyers a real choice: the insured minimum, or 20% down with no premium at all. The gap between the two is $127,094 more cash up front against $37,754 of premium added to the balance.
On the 20%-down loan, variable is $493 a month cheaper than fixed today.
How much land transfer tax is on a Burlington purchase?
About $16,894 of Ontario land transfer tax on $1,020,937. All told, the minimum cash to close at this price — before legal fees, title insurance and adjustments — is about $93,988.
Land transfer tax on a Burlington purchase, explained
Burlington is outside the City of Toronto, so only Ontario's land transfer tax applies — $16,894 on a $1,020,937 purchase.
The first-time-buyer refund is capped at $4,000, which here covers only 24% of the tax; a first-time buyer still owes $12,894.
Check other prices in the land transfer tax calculator.
What is the Burlington market like behind your rate?
The $1,020,937 figure is Burlington’s average price for August 2026 (the latest we have sourced), from Burlington average selling price, TRREB Market Watch.
Our Burlington guide works through the 3 questions that decide most files here:
- Burlington's mortgage work is mostly refinancing, and refinancing has its own ceiling. Burlington's owner base is long-tenured — Roseland, Tyandaga and the Aldershot bungalow streets turn over slowly — so a large share of local mortgage activity is not a purchase at all.
- Halton closing costs: one land transfer tax, and the Burlington detached line. Burlington sits in Halton Region, which levies no municipal land transfer tax — so a Burlington buyer pays Ontario's provincial tax only, where the same-priced purchase inside the City of Toronto would carry a second municipal tax roughly doubling the bill and payable in cash on closing.
- An illustrative Burlington file: equity that exists, ratios that decide. This is an illustrative composite drawn from the rules above — not a specific client, and not a promised result.
How do Burlington neighbourhoods change the file?
5 of these 7 Burlington communities have their own published average price, shown with its source — so you can see which pockets sit inside the insurable band and which cross it.
Burlington neighbourhoods, one by one (7)
Aldershot
Post-war bungalow on deep lots, plus mid-rise condo on Plains RoadThe split produces two unrelated files. The deep-lot bungalows are bought as much for land as for the house, so redevelopment purchases are appraised without habitable comparables and fall outside standard A-lender purchase policy. The Plains Road condos are a status-certificate review, and at this community average many detached files sit near the $1.5M insured ceiling.
Brant Hills
1970s–80s freehold family subdivisionThe most consistently insurable pocket in Burlington, and the one where an owner-occupied purchase most reliably stays under the $1.5M ceiling. A long-settled owner base makes the renewal book deep, and refinances to fund the updates this vintage now needs are common; both stop at 80% loan-to-value.
Tyandaga
Established larger-lot detached against the escarpmentTurnover is low and tenure is long, so most local work here is a renewal, a refinance or an equity draw for renovation rather than a purchase. At this community average files sit close enough to the $1.5M ceiling that insurability has to be settled per property before a down payment is budgeted.
Roseland
Prestige detached on mature lots south of New StreetSeven-figure purchases are the norm, so files here are usually uninsured and conventional. The binding constraints stop being the stress test and become lender appetite for the loan amount, the appraisal on individually distinct houses, and independent legal advice where a co-signer or gifted equity is involved.
Headon Forest
Late-1980s move-up family stock beside MillcroftOwners here bought young and have held for decades, which makes accumulated equity the defining feature of the local file mix: renewals, refinances and HELOCs comfortably outnumber first purchases. At this community average the pocket stays inside the insurable band on a purchase.
Millcroft
Executive detached around the golf courseGolf-course frontage and larger executive homes push a good share of this stock over the $1.5M line, where default insurance is unavailable and 20% down is the legal minimum. Distinctive houses also give appraisers fewer close comparables.
Alton Village
2000s detached, semi and townhouse subdivisionThe newest large pocket in the city, with uniform stock and clean comparables. Freehold townhouses under a common-elements corporation carry a monthly fee that counts in your debt-service ratios despite the freehold title.
This page is the rate-shopping side. For pre-approval strategy, document help and a dedicated advisor, see our Burlington mortgage broker page.
Burlington mortgage rates — FAQ
What is the best mortgage rate in Burlington right now?
The best rate in our 100+ lender network for Burlington (Ontario) is approximately 3.00% as of Oct 24, 2026. Your own rate depends on your file — income, credit, loan-to-value and property type.
What land transfer tax will I pay in Burlington?
Ontario's tax only: $16,894 on $1,020,937, or $12,894 for a first-time buyer.
Which Burlington neighbourhoods run into the $1.5M insurance ceiling?
Our neighbourhood notes flag Aldershot, Brant Hills, Tyandaga, Millcroft. Above $1,500,000 default insurance is unavailable and 20% down is the minimum.
Can I lock a Burlington rate before I buy?
Yes — most lenders hold a pre-approval rate for 90-120 days, and many honour a lower rate if rates drop before closing.
Lock your best Burlington rate.
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