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York Region, Ontario Updated August 23, 2026

Best Mortgage Rates in
Aurora

Premium York Region suburb with heritage charm

🏠
Avg. Home Price $1,280,000 -2.6% YoY
🏢
Avg. Condo Price $640,000
📅
Days on Market 30
Best 5-Yr Fixed 4.04%
📊 Rate Comparison

Compare Mortgage Rates in Aurora

Updated August 23, 2026

Today's Best Mortgage Rates

Compare discounted rates from Canada's top lenders. These are actual rates you can get - not posted bank rates.

Featured Mortgage Rates

Best discounted rates available today – sorted by lowest rate

Term Lender Best Rate
2-Year Fixed National Bank 4.24% Get This Rate
7-Year Fixed National Bank 4.54% Get This Rate
1-Year Fixed MCAP 4.69% Get This Rate
10-Year Fixed MCAP 4.69% Get This Rate

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* Rates shown are discounted rates for insured mortgages. Rates may vary based on credit profile, down payment, and property type. Subject to change without notice. OAC.

🏙️ Market Overview

Aurora Mortgage Market Overview 2026

Aurora is one of York Region's most charming communities, blending heritage downtown character with modern suburban living. At $1,280,000 average, it offers slightly better value than Richmond Hill while delivering excellent schools and community amenities. The town's trail system, cultural center, and close-knit community feel attract families seeking quality over quantity. Most purchases require jumbo mortgages with 20% down.
💡 Local Insights

Mortgage Tips for Aurora Buyers

Expert advice tailored to the local Aurora real estate market.

First-Time Buyers

Aurora condos near Yonge and Wellington offer entry to York Region at more accessible prices.

Min. down payment: $64,000 (5% of avg. price)

Refinancing

Aurora's premium appreciation history supports strong refinancing strategies.

Investment Property

Limited rental supply in Aurora commands premium rents from families.

Ready to buy in Aurora?

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📍 Neighborhoods

Popular Areas in Aurora

Aurora Village
Bayview Northeast
Aurora Highlands
St. Andrew's
Aurora Grove
Henderson
🏦 Local Lenders

Top Mortgage Lenders in Aurora

We compare rates from these and 50+ other lenders to find you the best deal.

TD Canada Trust
RBC
Meridian Credit Union
DUCA
❓ FAQ

Frequently Asked Questions About Mortgages in Aurora

How does Aurora compare to Newmarket?

Aurora carries a $200,000-$300,000 premium over Newmarket, reflecting its more established neighborhoods and proximity to Richmond Hill/Toronto. Both offer strong schools and GO Transit access.

Get the Best Mortgage Rate in Aurora

Work with a local mortgage expert who understands the Aurora market. We compare rates from 50+ lenders to save you thousands.

✓ Free, no-obligation quote ✓ No credit impact ✓ 50+ lenders compared

Best Rates, Mortgage Brokerage Lic#12685. Regulated by the Financial Services Regulatory Authority of Ontario (FSRA).

What a Aurora Mortgage Actually Costs in 2026

The average Aurora home trades at $1,280,000, sells in about 30 days, and the local sales-to-listing ratio sits near 39%. Here is what that price means for a mortgage today, before we shop it across 50+ lenders.

Average local price $1,280,000
Minimum down payment $103,000 — 5% on the first $500,000 plus 10% on the balance. Insurable up to the $1.5M cap.
Mortgage amount $1,177,000
Land transfer tax $22,075 — Ontario Land Transfer Tax. First-time buyers can claim a rebate of up to $4,000.
Payment at an illustrative 4.29%, 25-yr $6,378 / month
Stress-test payment at 6.29% $7,735 / month — you must qualify at the greater of 5.25% or your rate + 2%

Illustrative figures based on the local average price and 2026 qualifying rules. Your actual rate and payment depend on your file.

Where we lend in Aurora

We place files across Aurora Village, Bayview Northeast, Aurora Highlands, St. Andrew's, Aurora Grove and Henderson. Appraisal values, condo status certificates and rental-suite income are handled differently in each pocket, and that changes which lender says yes.

Active lenders in the Aurora market include TD Canada Trust, RBC, Meridian Credit Union, DUCA, alongside monoline and credit-union options that never advertise locally. One application reaches all of them.

Ontario resources

Licensed broker · 50+ lenders · free to you. Send your numbers and get your answer fast — start your Aurora application.