Best mortgage rates in Vaughan.
Today’s best rate in Vaughan is 3.44%. We compare Vaughan 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 Vaughan is 3.44%. On the average price of $1,234,758, 20% down and the best 5-year fixed come to about $5,271/month; the smallest legal down payment is $98,476, plus $21,170 of Ontario land transfer tax at closing. Our home base. Strong builder activity, multi-generational households, multi-unit appetite.
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 a $1,234,758 home in Vaughan
Vaughan's average price sits 21% below the $1,500,000 insurance line, so an above-average purchase can cross it — and past the line the minimum is 20%, not the tiered amount. At the average price itself, choosing 20% down over the minimum means $148,476 more cash and no $45,451 premium.
On the 20%-down loan, variable is $370 a month cheaper than fixed today.
| At $1,234,758 | Minimum down | 20% down |
|---|---|---|
| Down payment | $98,476 | $246,952 |
| CMHC premium | $45,451 | None |
| Mortgage | $1,181,733 | $987,806 |
| Monthly, 5-yr fixed 4.14% | $6,306 | $5,271 |
| Monthly, 5-yr variable 3.44% | $5,863 | $4,901 |
| Stress-test payment at 6.14% | $7,659 | $6,402 |
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 Vaughan purchase
Vaughan is outside the City of Toronto, so only Ontario's land transfer tax applies — $21,170 on a $1,234,758 purchase.
The first-time-buyer refund is capped at $4,000, which here covers only 19% of the tax; a first-time buyer still owes $17,170.
All told, the minimum cash to close at this price — before legal fees, title insurance and adjustments — is about $119,646. Check other prices in the land transfer tax calculator.
The Vaughan market behind your rate
The $1,234,758 figure is Vaughan’s average price for August 2026 (the latest we have sourced), from Vaughan average selling price, TRREB.
Our Vaughan guide works through the 3 questions that decide most files here:
- Vaughan detached crosses the $1.5-million insurance line — the townhome next door doesn't. Vaughan's July 2026 all-types average was $1,144,631, but the average detached sale was $1,558,242 — and that gap is not trivia, it is the single most expensive rule in this market.
- Builder closings, occupancy and rate holds: the Vaughan new-build sequence. More than most GTA markets, Vaughan runs on new construction — Maple, Vellore Village and the master-planned pockets north of Rutherford — and a builder purchase is financed on a different clock than a resale.
- An illustrative Vaughan file: the rate hold that expired before the builder did. This is an illustrative composite built from the rules above — not a specific client, and not a promised outcome.
How Vaughan neighbourhoods change the file
In 3 of these 8 Vaughan pockets the deciding rule is the $1,500,000 insurance ceiling — above it, 20% down is the legal minimum rather than a choice.
Woodbridge
Older detached core plus newer infillTwo vintages on the same streets. Long-held original houses are equity-led renewal and refinance work; the newer builds beside them are purchase files where the appraisal has to reconcile two very different comparables.
Maple
Master-planned detached and townhouse subdivisionConsistent build vintage across whole streets makes appraisals predictable. Where the purchase is direct from a builder, your rate hold has to reach the final closing date — assignments and extended closings are where buyers get caught.
Thornhill
Established detached and low-rise condoDetached values here sit at or above the $1.5M insured ceiling more often than not, which makes 20% down the legal minimum on much of the stock. The low-rise condo alternative brings a status-certificate review instead.
Kleinburg
Estate lots and executive detachedComfortably uninsurable: default insurance is unavailable above $1.5M, so 20% is a legal floor rather than a preference. Larger acreage parcels can also raise well, septic and outbuilding questions that limit how much of the land value a lender will finance.
Concord
Mixed residential beside an employment corridorResidential next to industrial and commercial land can attract appraiser comment on marketability and, on some sites, an environmental question. Both are lender-list issues that surface late unless you raise them early.
Vellore Village
Newer detached and semi subdivisionLate build-out with registered secondary suites common. A legal, permitted suite lets a lender add back rental income; an unpermitted one usually counts for nothing, which is often the entire gap on a qualifying calculation.
Patterson
Newer executive detachedLarge newer homes clustered near the $1.5M line, so insurability is a per-property answer. Where the file goes conventional, expect tighter debt-service scrutiny and an appraisal that carries real weight on a firm offer.
Sonoma Heights
1990s–2000s detached subdivisionHomogeneous stock of a known vintage — clean comparables, and enough elapsed ownership that refinance and HELOC files are common. Any equity take-out stops at 80% loan-to-value regardless of what the home appraises at.
This page is the rate-shopping side. For pre-approval strategy, document help and a dedicated advisor, see our Vaughan mortgage broker page.
