Save the Most on Your Mortgage, Starting with The Best Mortgage Rates Ontario

Mortgage Amount
Term
Lowest Rates
Payments Starting At
 
1 Year - Fixed
%
$0 /mo
2 Year - Fixed
%
$0 /mo
3 Year - Fixed
%
$0 /mo
4 Year - Fixed
%
$0 /mo
5 Year - Fixed
%
$0 /mo
5 Year - Variable
%
$0 /mo
*Intended for illustration purposes only.

Double the bi-weekly payment above to determine monthly payment.

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We’ve Looked at All the Angles to Save You the Most

The Lowest Rate – Flexible Mortgages – Long Term Service

Online Brokers

Traditional Brokers

Bank Branch

Lenders Compared

50+

50+

Typically 5 - 10

-

Lowest Rate Guarantee

Yes

Yes

No

No

Best Rate Upfront 'No Games' Policy

Yes

Typically No

No

No

Approval Process

1 Agent + 1 Customer

Team of Agents 
+ 1 Customer

1 Agent + 1 Customer

1 Banker + 1 Customer

Service Style

- Full Service
- Custom Strategy from a Vetted, Highly Trained Mortgage Expert. 
- Dedicatied Personal Agent before and after closing.

- Limited Service and Time Per Call
- 'Cookie cutter' Approach
- Various Agents on One Application. Call Centre after closing.

- Full Serivce
- Level of Agent Training and Expertise Varies widely.
- Number of Agents on One Application Varies.

- One Dedicated Banker Berfore Closing. 
- Call Centre Aproach After closing

Rate Drop Before Closing

Yes, If Applicable

Varies

Varies

Varies

Long Term Mortgage Savings Management

Yes

Typically No

Varies

No

Full Feature Mortgages and Flexible Fine Print

Yes - Rates Are Not 'High Penalty' or Limited Feature.

Varies

Over Reliance on Fine Print. Higher Rates

Typically Higher Penalty and More Restrictive

After Closing Service

Yes - Emphasis on Long Term Mortgage Savings and Mortgage Freedom Sooner

Typically No

Typically No

No

Frequently Asked Questions

No. There are never fees or costs for approving a mortgage, and the vast majority of our customers will never pay a lender fee. Appraisal costs are often covered. Closing/ legal costs may apply. We never proceed to sign a mortgage approval document until your questions are answered and you are 100% confident to proceed.

Absolutely the advertised rates are available to many of our customers. Typically our advertised rates are ‘high ratio’ rates.  Depending on the application type, equity or down payment available, and credit score, rates may differ slightly. When rates differ, we continue to ensure deeply discounted rates that are the best available in the market. All rates are quoted upfront, within minutes of our first conversation.

For the work we do to gather information, answer questions, and complete a mortgage application, we are paid a fee from the lender after closing. We reduce this lender paid fee through ‘buying down the rate’ to low levels not provided by traditional full-service Brokers or Bank Branches.

Yes – you can get the benefit and peace of mind of a full mortgage approval, along with the ability to drop your rate two weeks outside of closing. In other words, your rate is not ‘set in stone’ or ‘locked in’ until just before closing.

Yes  – your rate will not increase so long as you are approved for the mortgage. Get the opportunity to lower your rate if rates drop, and the confidence that your rate will not increase before your closing.

Working with your dedicated, highly trained mortgage broker, we provide as much time as you need to discuss your mortgage options and have your questions answered. Even though our rates are lower, we never sacrifice the highest levels of service.

Typically the first call may take 10 – 30 minutes depending on the amount of information you require.

From here, we can work as quickly as needed and close a mortgage within a few days. Or we can leave the ball in your court until you are ready to proceed.

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Mortgage Rates in Ontario

Ontario is Canada’s largest province by population, that over 16 Million people currently call home. Here we will look at the Ontario Economy and Housing Market and will provide commentary on how both are likely to progress throughout 2020 and the years beyond. We will also see how mortgage rates in Ontario will play a role.

The Ontario Economy and the Best Variable Mortgage Rates Ontario

Ontario is an economic powerhouse of Canada, contributing to approximately 37% of the National GDP, and calling home to about 50% of all employment in financial services, high tech, and other knowledge-based industries. 

More specifically, the service sector makes up 78% of Ontario’s economy, whereas manufacturing has shrunk to make up approximately 12% of the economy. Ontario’s economy has indeed made a transition from /Manufacturing to services over the last two decades. With this said, Manufacturing is a driver for other parts of the economy. Specifically, Ontario’s main exports are:

  • Motor Vehicles: 35.3%
  • Mechanical equipment: 10.1%
  • Precious metals/ stones: 9.8%
  • Plastic products 3.6%

This diversity in the economy is excellent, and low Ontario interest rates will help to fuel the growth of this diverse economy for years to come. 

As we deal with the fallout of COVID, and the best variable mortgage rates Ontario we have seen in history will help both consumers and businesses (with commercial mortgages) weather the economic conditions of this unique time in history. 

We believe that we are entering not just a trend, but an era of intensely low mortgage rates in Ontario that will help to provide balance to the market and economy as we return to the diverse and thriving economy in Ontario, that it is meant to be.

Best 5 year Fixed Mortgage Rates Ontario and the Housing Market in 2020

Will housing prices plunge amongst COVID? Is it worth getting into the housing market in Ontario, or upgrading a home in Ontario now? 


The answers here are fairly straight forward, but at the same time as diverse as the Ontario housing market itself.

The best 5 year fixed mortgage rates Ontario will play a significant role in helping to provide peace of mind and stability to the Ontario housing market, 

Housing Market and Mortgage Ontario Mortgages Toronto

According to Re/Max, sales are down in the City, and there are many more listings in July 2020 as there are buyers. In other words, it is a buyers market currently.

With this said, we believe that given the City’s international economic strength and diversity, that after the aftermath of COVID subsides, the housing market will grow and prosper as a leading hub for international immigration and talent.

Housing Market and Mortgage Rates GTA

: Cities such as Hamilton, Guelph, Barrie, and Kitchener/Waterloo and Cambridge are witnessing an increase in sale prices. This is because it is now easier for many employees to work from home. While remaining within an hour’s drive or so of Toronto, it makes sense for many to purchase where prices are lower – or in other words, more property can be purchased than for the same price in Toronto. 

So we are seeing a disbursement of equity, where values in Toronto may be lower temporality, however, the values of homes in Cities surrounding Toronto continue to see high demand.

The Housing Market and Mortgage Interest Rates Ontario, in the Broader Ontario Regions

Areas such as Huntsville, Windsor, London, Chatham, Thunder Bay, and Sudbury that are not as connected to Toronto will likely see steady housing prices in 2020.

These regions are not as attractive for Toronto employees to live in due to the distance from their head office, but in a good way, do not attract the same kind of speculative real estate investors that Toronto, or near GTA cities can attract. Where there are speculators, values can fluctuate more substantially. 

Mainly, these other areas of Ontario should likely see stable housing prices as people who live here love their homes and their City or Town, and are not likely to put their home up for sale due to COVID.

The Best Mortgage Rates in Cities Across Ontario