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OntarioLive ratesUpdated Jun 24, 2026

Ontario mortgage rates.

Canada's largest mortgage market — GTA price stratification, Big-6 + monoline dominance, and FSRA-licensed brokerages competing aggressively on rate.

5-star rated| FSRA #13737| 50+ languages

Best Ontario rates

Updated Jun 24, 2026

5-yr fixed

4.04%

5-yr variable

3.60%

3-yr fixed

3.99%

2-yr fixed

4.14%

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Live · updated Jun 16, 2026

Lowest offer per term across 100+ lenders

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Lender

Term

Type

Rate

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PB

Peoples Bank Best

Bank

5-yr

Variable

3.60%APR 3.60% · $2,826/mo

PB

Peoples Bank Best

5-yr · Variable

3.60%

APR 3.60% · $2,826/mo

Marathon Mortgage Corp

Monoline Broker-only

0.5-yr

Fixed

3.64%APR 3.64% · $2,837/mo

Marathon Mortgage Corp

0.5-yr · Fixed Broker-only

3.64%

APR 3.64% · $2,837/mo

Radius Financial

Monoline Broker-only

3-yr

Variable

3.65%APR 3.65% · $2,840/mo

Radius Financial

3-yr · Variable Broker-only

3.65%

APR 3.65% · $2,840/mo

Alterna Savings

Credit Union

3-yr

Fixed

3.99%APR 3.99% · $2,943/mo

Alterna Savings

3-yr · Fixed

3.99%

APR 3.99% · $2,943/mo

Alterna Savings

Credit Union

5-yr

Fixed

4.04%APR 4.04% · $2,958/mo

Alterna Savings

5-yr · Fixed

4.04%

APR 4.04% · $2,958/mo

Desjardins

Credit Union

4-yr

Fixed

4.09%APR 4.09% · $2,973/mo

Desjardins

4-yr · Fixed

4.09%

APR 4.09% · $2,973/mo

Scotiabank

Bank

2-yr

Fixed

4.14%APR 4.14% · $2,988/mo

Scotiabank

2-yr · Fixed

4.14%

APR 4.14% · $2,988/mo

D(

DUCA (Near Prime)

Alternate

1-yr

Fixed

4.19%APR 4.19% · $3,004/mo

D(

DUCA (Near Prime)

1-yr · Fixed

4.19%

APR 4.19% · $3,004/mo

Desjardins

Credit Union

7-yr

Fixed

4.44%APR 4.44% · $3,081/mo

Desjardins

7-yr · Fixed

4.44%

APR 4.44% · $3,081/mo

CB

CTBC Bank

Alternate

2-yr

Variable

4.75%APR 4.75% · $3,178/mo

CB

CTBC Bank

2-yr · Variable

4.75%

APR 4.75% · $3,178/mo

Home Trust

Alternate Broker-only

6-yr

Fixed

4.79%APR 4.79% · $3,190/mo

Home Trust

6-yr · Fixed Broker-only

4.79%

APR 4.79% · $3,190/mo

CB

CTBC Bank

Alternate

1-yr

Variable

4.95%APR 4.95% · $3,241/mo

CB

CTBC Bank

1-yr · Variable

4.95%

APR 4.95% · $3,241/mo

TD Canada Trust

Bank

10-yr

Fixed

5.34%APR 5.34% · $3,366/mo

TD Canada Trust

10-yr · Fixed

5.34%

APR 5.34% · $3,366/mo

Est. payment shown on a $700,000 home, 20% down, 25-yr amortization. Rates updated daily. O.A.C., E.&O.E.

Get my exact rate

Ontario rates by term

Compare the best Ontario rate for each term — fixed and variable.

5-Year Fixed 5-Year Variable 3-Year Fixed 3-Year Variable 2-Year Fixed 1-Year Fixed 4-Year Fixed 7-Year Fixed 10-Year Fixed

Benchmark price

$830,000

Ontario provincial average · 2026

Ontario Land Transfer Tax (LTT)

Tiered tax of 0.5%–2.5% on purchase price, calculated at closing on the entire amount.

First-time buyers can claim up to $4,000 in Ontario LTT rebate; Toronto purchases stack an additional municipal $4,475 FTHB rebate.

Toronto purchases pay BOTH Ontario LTT AND Toronto Municipal LTT — effectively doubling the closing cost on city properties.

Regulator

Financial Services Regulatory Authority (FSRA)

Official site →

Top Ontario lenders

TDRBCScotiabankMCAPFirst NationalEquitable Bank

Why Ontario rates work the way they do

Ontario has the deepest lender competition in Canada — every monoline (MCAP, First National, RFA, B2B Bank), every Big-6, and 25+ credit unions actively bid. This typically produces the sharpest discount-rate offers in the country.

Foreign-buyer rules: Non-Resident Speculation Tax (NRST) of 25% applies to foreign buyers province-wide; combined with the federal foreign-buyer ban (extended to 2027), foreign purchases are largely paused.

Mortgage brokers in Ontario

Same FSRA license, same 100+ lender network — applied to each Ontario market.

All Ontario cities →

Waterloo Region

Today’s rate read · Ontario

AI-generated from the live board · live feed · as of 2026-06-16T10:19:32.305Z

Maya

4.04%

5-yr fixed

3.60%

5-yr variable

5.95%

Lender prime

4.25%

BoC overnight

Today's posted ranges (illustrative — see /rates for live): • 5-yr fixed: ~4.19–4.39% • 5-yr variable: ~4.04–4.24% • 3-yr fixed: ~4.29–4.49% • HELOC: ~6.45% Fixed gives certainty, variable historically wins long-term but moves with the BoC. Want me to model both for your scenario?

Estimates only — your rate depends on your file. FSRA #13737.

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FAQ

Ontario mortgage rates — common questions.

Don’t see yours? Ask Maya — instant answer in 50+ languages.

Best discounted 5-year fixed rates in Ontario typically sit 0.10–0.20% below national averages because of lender competition. Variable rates track Prime minus a negotiated discount (currently ~Prime −0.85% to −1.05% for insured purchases).

Rates in other provinces

Same broker, every province — pick yours.

National rate table →

British Columbia Alberta Quebec Manitoba Saskatchewan Nova Scotia New Brunswick Newfoundland and Labrador Prince Edward Island

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