Skip to main content
RATECORE
HomeCitiesBurlington
Halton Region · Ontario

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.

Get My Burlington Rate Calculate My Payment
Region
Halton Region
Population
190K+
Avg Home Price
$870,000
Min Down Payment
$62,000

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.

Today's Best Burlington Mortgage Rates

Representative rates from our lender panel. Your rate depends on down payment, income, and credit profile.

TermRate
1-Year Fixed5.09%Get this rate →
2-Year Fixed4.89%Get this rate →
3-Year FixedPopular4.64%Get this rate →
5-Year Fixed4.44%Get this rate →
5-Year Variable5.10%Get this rate →

Rates updated weekly. OAC — rates are not guaranteed until a formal commitment is issued.

Why Burlington Buyers Choose RATECORE

Our brokers 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
Start My Application — Free
30+ Lenders
4.9/5 Rating
256-bit SSL
Licensed Experts

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.

Payment CalculatorAffordability CalculatorStress Test CalculatorClosing Costs Calculator

Burlington Mortgage FAQ

What is the average home price in Burlington?
The average home price in Burlington is approximately $870,000 as of 2025. 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.
Do I need 20% down to buy in Burlington?
No — as of December 15, 2024, CMHC-insured mortgages are available on homes up to $1.5M. For a $870,000 home in Burlington, the minimum down payment is $62,000 (5% on the first $500K, 10% on the remainder). 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.
Is there a municipal land transfer tax in Burlington?
No — Burlington is subject to Ontario's provincial land transfer tax only, not the City of Toronto municipal surcharge. First-time buyers may be eligible for up to $4,000 in provincial rebates.
How do I qualify for a mortgage in Burlington?
To qualify for a mortgage in Ontario, lenders assess your income, credit score, down payment, and existing debts. All buyers through federally regulated lenders must pass the mortgage stress test (qualifying at 5.25% or your contract rate + 2%, whichever is higher). A mortgage professional who knows the Burlington market can match you with the lender most likely to approve your specific file.
How fast can I get pre-approved for a Burlington property?
RATECORE typically delivers a pre-approval decision within 24–48 hours of receiving your documents. Start your application online in under 5 minutes and a mortgage professional will reach out within 1 business day.
Licensed experts · No cost to you · No obligation

Ready to Buy in Burlington?

Get connected with a mortgage expert who knows Burlington. We'll compare rates from 30+ lenders and send you personalised options — for free.

Get My Free Rate Comparison

Average response time: under 1 business day.