Best Toronto Mortgage Rates
View current fixed and variable mortgage rates in Toronto. Compare published lender rates, monthly payment examples, and submit an inquiry for low-rate options.
| Lender | Term | Program | Fixed | Variable | Payment example | Inquiry |
|---|---|---|---|---|---|---|
| Butler Mortgage Lowest Ontario 5-year fixed/variable in public comparison set | 5-Year | Insured | 4.04% | 3.30% | $2,640/mo | |
| nesto Digital mortgage lender | 5-Year | Insured | 4.09% | 3.40% | $2,654/mo | |
| Frank Mortgage Public broker rate | 3-Year | Insured | 4.04% | 3.50% | $2,640/mo | |
| CIBC Big-6 bank comparison | 5-Year | Insured | 4.64% | 3.95% | $2,806/mo | |
| BMO Big-6 bank comparison | 5-Year | Insured | 4.74% | 4.10% | $2,834/mo | |
| TD Big-6 bank comparison | 5-Year | Insured | 4.84% | 4.19% | $2,862/mo | |
| RBC Big-6 bank comparison | 5-Year | Insured | 4.89% | 3.95% | $2,876/mo |
Rates are for comparison and SEO data publishing. Availability depends on lender criteria, mortgage amount, property type, credit, income, LTV, transaction type, province, and insurer eligibility.
Mortgage payment calculator
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Toronto mortgage FAQs
What is the lowest mortgage rate in Toronto?
The current Toronto comparison snapshot shows 5-year fixed from 4.04% and 5-year variable from 3.30%.
Why compare Toronto mortgage rates?
Toronto borrowers can see large dollar savings from small rate differences, especially on larger mortgages.
Do I automatically qualify for the lowest rate?
No. Lowest published rates can depend on mortgage amount, province, property type, credit score, income, LTV, transaction type, insurer eligibility, and lender criteria.
How does RateShop make money?
RateShop captures rate inquiries and may share inquiries with mortgage lead buyers or partners, subject to consent and applicable rules.