Mortgage Rates Ontario
Mortgage Rates in Ontario
A posted rate is a starting point, not your rate. What you are actually offered depends on your file: your credit, income, down payment or equity, the term, the property, and the lender. As an FSRA-licensed brokerage, we shop your rate across lenders rather than offering a single bank's number.
Rates current as of [SET AT PUBLISH: current-as-of date]. Source: [VERIFY SOURCE]. Rates change and are subject to qualification and market conditions.
Written by the HB Mortgage Centre team. Reviewed by Hardeep Batoo, Principal Broker (licence M13002408). HB Mortgage Centre is an FSRA-licensed brokerage (#13449). Last updated: June 23, 2026.
FSRA Brokerage #13449·Hardeep Batoo, Broker Licence #M13002408·Independent, multi-lender comparison·No guaranteed rate
Rate context
Current Ontario mortgage rate context
Your rate
What actually determines your rate
Several things move your rate up or down:
Your credit profile.
Your income and how it is documented.
Your down payment or equity, and whether the mortgage is insured or uninsured.
The term and type you choose.
The property and its use.
The lender and its current pricing.
Because of all this, the headline rate you see online is rarely the rate you are offered. That is not a catch, it is just how mortgage pricing works.
Fixed or variable
Fixed or variable
Here is the difference, plainly.
- A fixed rate stays the same for the term. You get predictable payments, which many people prefer when they want certainty.
- A variable rate moves with the lender's prime rate. It can cost less over time, but the payment or the interest portion can change.
Use fixed when predictability matters most to you. Consider variable when you can handle some movement and want to track the market. Which one fits depends on your budget, your plans, and current conditions, so it is worth talking through.
How a broker helps
How a broker helps with your rate
We compare your situation across lenders and bring back the options, with the conditions explained. Sometimes that means a better rate than your bank's first offer, sometimes it means a structure that suits you better. We cannot promise a specific rate or saving, because that depends on your file and the market, but shopping it is exactly what we do.
For product-specific pricing, see private mortgage rates and reverse mortgage rates.
FAQ
Common questions about mortgage rates
What are current mortgage rates in Ontario?+
Should I choose a fixed or variable rate?+
What determines the rate I will actually get?+
Can a broker get me a better rate than my bank?+
Why is the rate I see online not the rate I am offered?+
Get a rate for your situation
We do not promise a specific rate or saving. Rates change and are subject to qualification and market conditions. FSRA Brokerage #13449.
FSRA Brokerage #13449 · Hardeep Batoo, Broker Licence #M13002408 · Ontario-wide
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