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Ontario Mortgage Rates

Fixed Mortgages - Closed

Term Everyday Rate Limited Rate  
1 Year 2.59% 2.39%
 
  • 30 year amortization maximum, 25 year on High Ratio
  • 15% lump sum payments allowed.
  • 15% increase to regular payments.
  • No pre-approvals available.
  • 30 year amortization maximum, 25 year on High Ratio
  • 10% lump sum payments allowed.
  • 100% increase to regular payments.
  • Must close within 30 days
  • No pre-approvals available.
2 Year 2.49% --
 
  • 30 year amortization maximum, 25 year on High Ratio
  • 15% lump sum payments allowed.
  • 100% increase to regular payments.
  • No pre-approvals available.
3 Year 2.59% 2.49%
 
  • 30 year amortization maximum.
  • 15% / 15%+ prepayment options. 
  • Pre-approvals available at 2.85%.

 

  • 30 year amortization maximum
  • 30 day quick close
  • 15%/100% prepayment options
  • Pre-approvals available at 2.85%.
5 Year 2.79% 2.74%
 
  • 30 year amortization maximum, 25 year on High Ratio
  • 120 days rate hold
  • 15% lump sum payments allowed
  • 100% increase to regular payments
  • No pre-approvals available.
  • High Ratio Only
  • New purchases only
  • Minimum mortgage size of $300k
  • 30 days rate hold
  • Major Urban centers only
7 Year 3.39% --
 
  • 30 year amortization maximum, 25 year on High Ratio
  • 15% lump sum payments allowed.
  • 100% increase to regular payments.
  • No pre-approvals available.
10 Year 3.64% --
 
  • 30 year amortization maximum.
  • 20%+ lump sum payments allowed.
  • 20%+ increase to regular payments.
  • No pre-approvals available.

Variable Mortgages - Closed

Term Everyday Rate Limited Rate  
5 Year 2.50% --
 
  • Prime - 0.50%
  • Not available on rental properties.
  • 20% lump sum payments allowed.
  • 20%+ increase to regular payments. 

Variable Mortgages - Open

Term Everyday Rate Limited Rate  
HELOC 3.50% --
 
  • Prime +0.50%