Compare rates from 50+ lenders. Expert advice. Zero cost to you. Get Pre-Approved Today Call (416) 822-7357 ⭐ 5.0 Rating 49 Reviews 🏛️ FSRA Licensed #12685 (Verico MortgagePal Inc) 🏦 50+ Lenders Banks, Credit Unions & More 📍 Serving Burlington Virtual Consultations Available Current Burlington Mortgage Rates See today’s best mortgage rates available for Burlington homebuyers. 5-Year Fixed from 4.04% 3-Year Fixed from 3.89% Variable from 3.50% View All Burlington Rates → Why Choose Us for Your Burlington Mortgage? Burlington Market Expertise Deep knowledge of Burlington neighborhoods from downtown to Aldershot to Tyandaga. We understand local pricing dynamics and buyer competition. Virtual-First Approach Meet via Zoom, Google Meet, or phone—flexible scheduling including evenings and weekends. Complete your entire mortgage online. 50+ Lender Network Access to major banks, credit unions, and alternative lenders. First-time buyer programs, CMHC insurance, and investment property financing. Mortgage Services in Burlington Whether you’re buying your first home, refinancing, or investing—we have solutions for every situation. Rates from 3.50% Home Purchase First-time buyer or upgrading? Access exclusive rates from 50+ lenders. Explore Home Purchase Options Rates from 3.70% Refinancing Lower your rate, access equity, or consolidate debt with smart refinancing. Explore Refinance Options Rates from 3.70% Mortgage Renewal Don't auto-renew! We'll negotiate better terms at renewal time. Explore Renewal Options Rates from 3.70% Self-Employed Mortgages Flexible income verification for entrepreneurs and business owners. Explore Self-Employed Options Rates from 3.70% Debt Consolidation Combine high-interest debt into one low mortgage payment. Explore Debt Consolidation Options Rates from 3.95% Investment Property Financing for rental properties and real estate investors. Explore Investment Options Need something else? We also offer: Second Mortgage / HELOC, Bad Credit Solutions, Bridge Financing, Private Mortgages, Construction Mortgages, Reverse Mortgages, New to Canada Mortgages, Home Equity Loans, and more. Burlington Real Estate Market Overview $1,100,000 Avg. Home Price -2.1% YoY Change Market Highlights ✓ Lakefront community with diverse housing from $600K condos to $2M+ waterfront homes ✓ Burlington GO provides direct service to Toronto Union Station in 50 minutes ✓ Award-winning downtown core with boutique shopping and vibrant restaurant scene ✓ Top-rated schools including Nelson High School and Dr. Frank J. Hayden Secondary ✓ Strong rental demand near McMaster University satellite campus and hospitals ✓ More affordable than Oakville with similar premium amenities and lakefront access Burlington consistently ranks among Canada's best cities to live, offering an excellent balance of affordability and lifestyle. The revitalized downtown, extensive waterfront trails, and diverse neighborhoods attract families, professionals, and retirees alike. Properties typically sell within 15-20 days, reflecting strong buyer demand. Neighborhoods We Serve in Burlington From established communities to new developments, we help buyers across all Burlington neighborhoods. Downtown Burlington $500K – $1.2M Walkable urban core with new condo developments, heritage homes, and proximity to Brant Street shopping and Spencer Smith Park. Best for: Young professionals, downsizers, investors Aldershot $700K – $1.3M Established neighborhood near the waterfront and Aldershot GO. Mix of older homes with renovation potential and updated properties. Best for: Commuters, renovators, families wanting character homes Roseland $1.2M – $2.5M Premium lakefront community with larger lots, mature trees, and beach access. Burlington's most prestigious address. Best for: Executives, luxury buyers, waterfront enthusiasts Millcroft $900K – $1.5M Master-planned community surrounding Millcroft Golf Club. Mix of townhomes and detached homes with excellent schools. Best for: Families, golfers, those wanting newer stock Tyandaga $1.0M – $1.8M Established neighborhood with larger lots, mature landscaping, and proximity to Tyandaga Golf Club. Best for: Established families, professionals, those wanting space Headon Forest $850K – $1.2M North Burlington community with a mix of family homes, good schools, and convenient highway access. Best for: Young families, first-time detached home buyers Tips for Buying in Burlington 💡 Compare to Oakville Pricing Burlington offers similar amenities and lifestyle at 10-20% lower prices than comparable Oakville neighborhoods. A $1.2M Oakville home often has an $950K equivalent in Burlington. 💡 Check Flood Zones Some Burlington properties near creeks are in regulated flood zones. This can affect insurance costs and renovation options. We recommend reviewing Conservation Halton mapping. 💡 Rental Investment Potential Burlington has strong rental demand from hospital workers, students, and young professionals. Properties near GO stations or downtown can generate premium rents. 💡 Consider the Mountain Burlington's "mountain" (escarpment) neighborhoods offer more affordable options while still providing Burlington addresses and schools. Frequently Asked Questions About Mortgages in Burlington What are the best mortgage rates in Burlington, ON? The best mortgage rates in Burlington start at 3.94% for a 5-year fixed, 3.84% for a 3-year fixed, and the best variable rate is currently Prime minus 0.95%. Rates are consistent across Canada, but Burlington borrowers can access even better deals through a mortgage broker who compares 50+ lenders. Your actual rate depends on your credit score, down payment, and property type. Contact us for a personalized rate quote for Burlington. What is the best 5-year fixed mortgage rate in Burlington? The best 5-year fixed mortgage rate available in Burlington is currently 3.94%. This rate is available through select lenders for well-qualified borrowers with strong credit (680+) and at least 20% down payment. Insured mortgages (less than 20% down) may qualify for even lower rates. A mortgage broker can help you lock in the best 5-year fixed rate for your Burlington home purchase or renewal. How much do I need to buy a home in Burlington? The average home price in Burlington is $1,100,000. For resale homes over $1 million, you need at least 20% down ($220,000). However, first-time buyers purchasing new construction up to $1.5 million can access CMHC-insured mortgages with as little as 5% down and 30-year amortization. Condos averaging $580,000 offer a more affordable entry point. Use our mortgage calculator to estimate your monthly payments at current Burlington rates. Should I choose a fixed or variable mortgage rate in Burlington? In Burlington's current market, the best 5-year fixed rate is 3.94%, the 3-year fixed is 3.84%, and the best variable rate is Prime minus 0.95%. Fixed rates offer payment stability—important for Burlington buyers with larger mortgages. Variable rates can save money if the Bank of Canada continues adjusting rates. Your mortgage broker can model both scenarios based on your Burlington property and budget. Should I use a mortgage broker or bank in Burlington? A mortgage broker in Burlington compares rates from 50+ lenders—banks, credit unions, and monoline lenders—at no cost to you. Major banks in the area include TD Canada Trust, RBC, FirstOntario. Brokers typically save Burlington borrowers 0.25-0.50% compared to posted bank rates, which on a $800,000 mortgage saves $10,000-20,000+ over a 5-year term. How do I get pre-approved for a mortgage in Burlington? Getting pre-approved for a Burlington mortgage takes 24-48 hours. You'll need government ID, proof of income (pay stubs, T4s, or business financials if self-employed), bank statements, and a credit check. Pre-approval locks in your rate for 90-120 days at today's 3.94% fixed rate, confirms your budget, and shows Burlington sellers you're a serious buyer. It's free and doesn't commit you to a lender. What first-time buyer programs are available in Burlington, Ontario? First-time buyers in Burlington can access several programs: the First Home Savings Account (FHSA) for up to $40,000 in tax-free savings, the RRSP Home Buyers' Plan ($60,000 tax-free withdrawal), extended 30-year amortization on insured mortgages (new construction or homes up to $1.5M), and the First-Time Home Buyer Tax Credit ($1,500). Ontario first-time buyers also save up to $4,000 with the Land Transfer Tax rebate (up to $8,475 in Toronto). A Burlington mortgage broker can help you maximize all available incentives. How does Burlington compare to Oakville? Burlington averages $350,000 less than Oakville while offering similar lifestyle amenities. Schools are strong in both cities. Burlington's downtown is more developed for walking and dining. Get Your Free Burlington Mortgage Consultation Ready to explore your options? Contact us today for a free, no-obligation consultation. 📞 Phone: (416) 822-7357 ✉️ Email: mortgage@bestrates.ca 💻 Virtual Meetings: Zoom, Google Meet, or Phone Apply Online Now Takes just 5 minutes. No impact on your credit score. Also Serving Oakville • Hamilton • Milton • Waterdown • Ancaster Licensed by Financial Services Regulatory Authority of Ontario under Brokerage #12685 (Verico MortgagePal Inc). All mortgage services subject to standard lending criteria and approval.
