Today's Best Mortgage Rates in Ontario
Live rates from our lender network — fixed, variable, and adjustable. All rates are for owner-occupied residential properties in Ontario.
Compare rates by term
Pick the term that matches how long you want your rate locked in.
Fixed Rates
| Term | Best Rate | |
|---|---|---|
| 6 Months | 5.49% | Get This Rate |
| 1 Year | 4.74% | Get This Rate |
| 2 Years | 4.29% | Get This Rate |
| 3 Years | 3.75% | Get This Rate |
| 4 Years | 4.39% | Get This Rate |
| 5 Years | 4.09% | Get This Rate |
| 7 Years | 5.11% | Get This Rate |
| 10 Years | 5.44% | Get This Rate |
Variable & Adjustable Rates
| Term | Best Rate | |
|---|---|---|
| 3 Years | 3.90% | Get This Rate |
| 5 Years | 3.45% | Get This Rate |
Rates shown are the lowest available across our lender network and are subject to change without notice. OAC — Subject to approval. Rate may vary based on credit score, LTV, amortization, and property type. Contact a RATECORE mortgage expert for your personalized rate.
Ready to find your best rate?
We compare 30+ Ontario lenders to find the lowest rate for your situation — for free.
Start My ApplicationMortgage Rate FAQs
What is the difference between fixed and variable mortgage rates?
A fixed rate stays the same for the entire term, giving you predictable payments. A variable rate fluctuates with the Bank of Canada's prime rate — it's often lower initially but carries more risk if rates rise.
How often do mortgage rates change in Canada?
Fixed rates can change any business day as they follow Government of Canada bond yields. Variable rates change 8 times a year when the Bank of Canada announces its overnight rate decision.
What is the mortgage stress test in Ontario?
The stress test requires you to qualify at the higher of your contract rate plus 2%, or 5.25%. This ensures you can still afford payments if rates rise during your term.
Can I lock in today's rate before I find a home?
Yes. A mortgage pre-approval holds today's rate for 90–120 days. If rates drop before closing, you typically get the lower rate. Start your application to secure your rate.
Are the rates shown insured or uninsured?
The best available rates in our network are typically for insured mortgages (less than 20% down). Uninsured rates are usually 0.10–0.30% higher. Your mortgage expert will confirm the exact rate for your situation.
What factors affect the rate I qualify for?
The main factors are: credit score (higher = better rate), down payment or LTV, amortization length, property type, and whether the mortgage is insured. RATECORE compares all of these against multiple lenders.