Best mortgage rates in Kingston.
Today’s best rate in Kingston 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 Kingston?
On the average price of $612,691, 20% down and the best 5-year fixed come to about $2,616/month. The smallest legal down payment is $36,270, plus $8,729 of Ontario land transfer tax at closing. University + military town; investor-friendly student-housing files.
Who has the best mortgage rate in Kingston?
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 $612,691 home in Kingston?
About $2,616/month with 20% down at the best 5-year fixed, or $3,199/month with the minimum down.
| At $612,691 | Minimum down | 20% down |
|---|---|---|
| Down payment | $36,270 | $122,539 |
| CMHC premium | $23,057 | None |
| Mortgage | $599,478 | $490,152 |
| Monthly, 5-yr fixed 4.14% | $3,199 | $2,616 |
| Monthly, 5-yr variable 3.00% | $2,837 | $2,320 |
| Stress-test payment at 6.14% | $3,886 | $3,177 |
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 $612,691 Kingston purchase
At this price Kingston buyers can take the insured route: only the slice above $500,000 needs 10% down, which keeps the minimum near 6% of the price. Saving to 20% would take another $86,269 and removes the $23,057 premium.
On the 20%-down loan, variable is $296 a month cheaper than fixed today.
How much land transfer tax is on a Kingston purchase?
About $8,729 of Ontario land transfer tax on $612,691. All told, the minimum cash to close at this price — before legal fees, title insurance and adjustments — is about $44,999.
Land transfer tax on a Kingston purchase, explained
Kingston is outside the City of Toronto, so only Ontario's land transfer tax applies — $8,729 on a $612,691 purchase.
At this price the first-time-buyer refund of up to $4,000 covers 46% of it, leaving $4,729 to pay.
Check other prices in the land transfer tax calculator.
What is the Kingston market like behind your rate?
The $612,691 figure is Kingston’s average price for August 2026 (the latest we have sourced), from Kingston & Area average residential price, Kingston & Area Real Estate Association (via CREA).
How do Kingston neighbourhoods change the file?
All 4 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.
Kingston neighbourhoods, one by one (4)
Sydenham
Century limestone detached, heritage coreHeritage designation restricts alterations and narrows the comparable set, and limestone-era stock raises wiring, plumbing and foundation questions that attach conditions to an approval.
Williamsville
Older detached and converted student rentalBetween the university and the core, a large share of purchases are investment files — 20% minimum down, qualified on a rental offset. Unregistered conversions can fail the appraisal outright.
Kingscourt
Post-war detached and semiThe most affordable band in the city and reliably insurable. Basement suites are common and lenders differ sharply on how much of that rent they will add back.
Reddendale
1960s–80s detached subdivision by the waterEstablished suburban stock with predictable comparables. Water-adjacent lots can bring flood mapping into the appraisal and the insurance binder.
This page is the rate-shopping side. For pre-approval strategy, document help and a dedicated advisor, see our Kingston mortgage broker page.
Kingston mortgage rates — FAQ
What is the best mortgage rate in Kingston right now?
The best rate in our 100+ lender network for Kingston (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 Kingston?
Ontario's tax only: $8,729 on $612,691, or $4,729 for a first-time buyer.
Can I lock a Kingston 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 Kingston rate.
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