Rules have changed. Everyone's rate is unique.
Canadian regulations have changed the way mortgages work. You must now qualify for your rate. Factors like equity in your home and personal credit will impact the rate.
Get Your Best Rate*Illustration purposes only. Use our Mortgage Calculator for accurate payments
If you don’t meet the requirements of our lowest advertised rate, don’t worry we still have you covered with great low rate options! The above range represents realistic rates if you don’t meet the outlined criteria. Factors like equity in your home, credit rating, and other variables will impact your final rate and True North Mortgage is committed to providing you with the best rate regardless of these factors.
Additional premiums may apply to rentals, extended amortizations, non-standard properties and alternative lending options.
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.
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.
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.
True North Mortgage has two stores in downtown Toronto, and one in North York, but we can provide mortgages anywhere in Ontario, or Canada for that matter, over the phone.
Mortgage Rates are different across Canada. Rates are shown based on your location. If you are planning to purchase out-of-province, be sure to choose rates where the property will be located.
True North Mortgage can complete mortgages anywhere in Canada efficiently over the phone.