Best Mortgage Rates Today in Ontario
Ontario has the most competitive mortgage market in Canada, with major banks, credit unions, and monoline lenders competing aggressively. While posted rates are similar across lenders, real savings often come from understanding renewal timing, lender flexibility, and penalty structures.
Compare Mortgage Rates in Ontario
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 | You Save |
|---|---|---|---|
| 5-Year Variable | RFA Mortgage | 3.55% | 0.90% |
| 3-Year Fixed | National Bank | 3.74% | 2.35% |
| 4-Year Fixed | National Bank | 3.89% | 2.10% |
| 5-Year Fixed | CMLS Financial | 3.89% | 2.00% |
| 2-Year Fixed | CMLS Financial | 4.34% | 1.95% |
| 7-Year Fixed | First National | 4.74% | 1.45% |
| 1-Year Fixed | RFA Mortgage | 4.84% | 1.65% |
| 10-Year Fixed | First National | 5.14% | 1.65% |
* 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.
Ontario homeowners often renew without shopping around. This can result in higher rates, restrictive terms, and costly penalties. Comparing options before renewal gives borrowers leverage — even with their existing bank.