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Please Note: Rates are only valid for subject properties located in Ontario
Today's rates

Fixed Mortgages - Closed

Term

Everyday Rate

Limited Rate

1 Year

Everyday Rate: 3.39%

  • 30 year amortization and refinances available
  • 20% lump sum payments allowed.
  • 20% increase to regular payments.

Limited Rate: 3.29%

  • 25yr Maximum Amortization
  • High Ratio Only
  • 15% lump sum payments allowed.
  • 15% increase to regular payments.
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2 Year

Everyday Rate: 3.49%

  • 30 year amortization and refinances available
  • 20% lump sum payments allowed.
  • 20% increase to regular payments.

Limited Rate: 3.39%

  • High Ratio Purchase Only
  • 20% lump sum payments allowed.
  • 20% increase to regular payments.
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3 Year

Everyday Rate: 3.54%

  • 30 year amortization and refinances available
  • 20% / 20%+ prepayment options.

Limited Rate: 3.39%

  • High Ratio Only
  • 20% / 20%+ prepayment options. 
  • No Rentals or pre-approvals
  • Must close in 120 days
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4 Year

Everyday Rate: 3.74%

  • 25 year amortization and refinances available
  • 15% lump sum payments allowed.
  • 15% increase to regular payments. 
  • 30 year amortization @ 3.84%

Limited Rate: 3.59%

  • High Ratio Purchase Only
  • 15% lump sum payments allowed.
  • 15% increase to regular payments. 
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5 Year

Everyday Rate: 3.72%

  • 25 year amortization and refinances available
  • 15% lump sum payments allowed
  • 15% increase to regular payments
  • 30 year amortizations at 3.82%

Limited Rate: 3.29%

  • High Ratio Purchase Only
  • 10%/10% pre-payment options
  • Restricted product
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Variable Mortgages - Closed

Term

Everyday Rate

Limited Rate

5 Year

Everyday Rate: 3.45%

  • 30 year amortization and refinances available
  • 20% lump sum payments allowed.
  • 20% increase to regular payments.

Limited Rate: 2.65%

  • Prime -1.30%
  • High Ratio Purchase Only
  • Bona fide sales clause
  • Must close in 40 days
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Variable Mortgages - Open

Term

Everyday Rate

Limited Rate

HELOC

Everyday Rate: 4.45%

  • Prime +0.50%

Limited Rate: --

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Best Mortgage Rates in Ontario

With mortgage rates set to climb, and home prices in Ontario set to do same, it’s essential to save on your Mortgage. You need a low mortgage rate but may also want a mortgage with features that give you flexibility if something changes. The new federal stress test continues to make qualifying for a mortgage in expensive markets like Toronto, a challenge for first-time buyers.  The new rules also mean mortgage rates need to be custom tailored for each client.

Find out how mortgage insurance changes things, and get some clarity on your rate options.

You Now Need a Personal Mortgage Rate

True North Mortgage is committed to getting clients in Ontario the lowest rates possible, but our lowest advertised rates sometimes have conditions and are only right for specific clients. Along with the stress test, regulations have changed the way rates work, and now your rate is very personalised. Depending on the size of your downpayment percentage compared to the overall mortgage size, your credit score, and even your purchase timeline, the rate you get may vary. Not just on our site, but across all low rates you see advertised on the internet. 

Our brokers can help you understand what your exact rate will be with no obligation. Our large volume approach gives us an edge on rates and access to a wide selection of lenders - in some cases, even with your bank!  A few minutes with us can save you thousands on your home, income property or vacation investment. 

Visit us, call or apply online, right now.

The sooner you contact us, the sooner we can hold your rate.

Ontario rates are rising — but we can hold your rate for up to 120 days (depending on the lender). Plus, we can offer you flexible mortgage solutions that fit your needs, all while providing exceptional, unified service.

Pre-qualify now

Ontario’s most trusted Mortgage Brokers

True North Mortgage has two stores in downtown Toronto, and one in North York, but we can provide excellent for mortgages anywhere in Ontario, or Canada for that matter, over the phone.

Visit one of our Ontario True North Mortgage Locations

More Ontario Mortgage Rates