Toronto Mortgage Rates
Move into the housing market with our lower rates.
After seeing an initial slowdown of housing market prices as a result of the COVID-19 pandemic, Greater Toronto real estate is seeing buyers take advantage of favourable borrowing costs. Low-rise options surrounding the City of Toronto are driving price growth, with demand still largely outpacing supply. With current high prices, first-time buyers, or those wishing to upsize, face challenges within Toronto's overheated markets.
Be ready for your investment — with our highly-trained True North Mortgage Brokers and our lowest possible mortgage rates in Toronto. We offer convenient locations and unified service for a streamlined process, while saving you thousands.
5 Year
-
Fixed
Term from
1.89%
Apply for your TrueRate in minutes.
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
Mortgage
Size
Size
Term
Rates From
Payments as low as
1 Year
Fixed
1.79%
$1678
/mo
2 Year
Fixed
1.49%
$1678
/mo
3 Year
Fixed
1.49%
$1678
/mo
4 Year
Fixed
1.69%
$1678
/mo
5 Year
Fixed
1.89%
$1678
/mo
5 Year
Variable
1.24%
$1678
/mo
HELOC
Open
2.95%
$1678
/mo
*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.
Get lower rates, even from your own bank.
True North Mortgage can offer you lower mortgage rates in the Toronto area. We have strong, established relationships with many lenders, and thanks to our volume discount, we can often offer you lower rates from your own bank. In fact, we can deal with them for you and find the best mortgage solution for your needs. Plus, we check with other banks to make sure you have the best rate-offer possible, guaranteed.
Don’t wait — hold your rate.
Toronto mortgage rates can change quickly; depending on the lender, we can hold your rates for up to four months. Whether a home, income property or a vacation investment, our mortgage brokers can save you money and find your best mortgage fit.
Visit us, call or apply online today.
Visit one of our Toronto locations today
North York
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Richmond Adelaide Centre
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King Street
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Learn MoreToronto Mortgage Rates
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.
Canada Wide Mortgages
True North Mortgage can complete mortgages anywhere in Canada efficiently over the phone.