Burlington Mortgage Rates
Burlington consistently ranks among Canada's best cities to live in. Its combination of lakefront living, top schools, and commuter access to Toronto and Hamilton keeps demand persistently high.
Burlington's market sits at the intersection of CMHC-eligible and conventional financing. A mortgage expert can structure your down payment to optimize insurance costs.
The Burlington Mortgage Market
Burlington consistently ranks among Canada's best cities to live in. Its combination of lakefront living, top schools, and commuter access to Toronto and Hamilton keeps demand persistently high. With an average home price of $870,000, Burlington buyers across Halton Region benefit from comparing offers from multiple lenders rather than accepting a single posted rate — the gap between the best and the average rate on the same mortgage often adds up to thousands of dollars over a term. Burlington's market sits at the intersection of CMHC-eligible and conventional financing. A mortgage expert can structure your down payment to optimize insurance costs.
What a Typical Burlington Mortgage Looks Like
At Burlington's average home price of $870,000, the minimum down payment is $62,000 (7.1%). Because that is less than 20% down, the mortgage is insured and a CMHC premium of about $32,320 is added, bringing the mortgage to roughly $840,320. At a representative 4.89% 5-year fixed rate amortized over 25 years, that works out to about $4,835 per month.
Figures are illustrative. Actual rates, premiums, and payments depend on your specific financial profile and current lender pricing.
Burlington Land Transfer Tax
A $870,000 home in Burlington attracts Ontario land transfer tax of about $13,875. Burlington charges no municipal land transfer tax. First-time buyers can claim a provincial rebate of up to $4,000.
First-Time Buyers in Burlington
First-time buyers in Burlington can combine several programs to reach the $62,000 minimum down payment faster: the First Home Savings Account (FHSA) shelters up to $8,000/year ($40,000 lifetime) in tax-deductible savings, the RRSP Home Buyers' Plan allows a $60,000 withdrawal ($120,000 per couple), and the Ontario land transfer tax rebate returns up to $4,000. A licensed mortgage agent can help you stack these against a $870,000 budget.
Today's Best Burlington Mortgage Rates
Live rates from our lender network. Your rate depends on down payment, income, and credit profile.
| Term | Rate | |
|---|---|---|
| 5 Years Fixed RatePopular | 4.04% | Get this rate → |
| 3 Years Fixed Rate | 3.89% | Get this rate → |
| 5 Years Variable Rate | 3.45% | Get this rate → |
Updated daily. Compare all Ontario rates. OAC — rates are not guaranteed until a formal commitment is issued.
Why Burlington Buyers Choose RATECORE
Our partner agents know the Burlington market and have access to lenders that don't advertise publicly.
- Access 30+ Ontario lenders in one application
- Licensed mortgage professionals — no commission from you
- Pre-approval decision in 24–48 hours
- Rate holds up to 120 days
- Provincial LTT rebates applied automatically
- CMHC insurance structured to minimise premiums
Run the Numbers for Burlington
Our calculators are pre-set to Burlington's average home price. See your monthly payment, affordability ceiling, and closing costs in seconds.
Burlington Mortgage FAQ
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