Compare Ontario's Best Mortgage Rates. 50+ Lenders Competing For Your File.

The exact rate depends on your down payment, credit profile, and mortgage type. Insured, insurable, and uninsured mortgages all price differently. See the rate comparison above for today's numbers across 50+ lenders.

Insured mortgages (under 20% down) can price lower because the lender's risk is covered by default insurance, and mortgage insurance is required when your down payment is less than 20%. Uninsured mortgages can price higher, since the lender carries that risk. See the rate comparison above for how each prices today.

If you value predictable payments, choose fixed. If you're comfortable with fluctuation and believe rates will drop, variable can save money, though it can also cost more if rates rise.

A stronger file gets stronger pricing: generally a credit score of 720 or higher, and whether your mortgage is insured or uninsured, since insured mortgages (under 20% down) often price lower due to reduced lender risk. Add a broker who compares 50+ lenders and a rate hold of up to 120 days, and you're positioned for the most competitive rate available to your file.

Most A-lender mortgages carry no broker fee to you, because the lender compensates us directly. B-lender and private mortgages carry a broker fee, which is disclosed in writing before you commit.

Yes. We can secure a rate hold of up to 120 days with many lenders. If rates drop during your hold period, we'll switch you to the lower rate on eligible products.

All federally regulated lenders require borrowers to qualify at the higher of their contract rate plus 2% or the minimum qualifying rate set by federal rules.

Often, yes. Your current lender's renewal offer is rarely the most competitive rate available. Switching exactly at your renewal date means no prepayment penalty because your term is ending, and a straight switch (same loan amount and amortization) doesn't require the stress test at federally regulated lenders. Most A-lender switches carry no broker fee to you.

A 1 to 3 year term gives flexibility to renegotiate sooner and often carries lower prepayment penalties if you need to break early.

Even a small rate difference on a $500K mortgage adds up to thousands over a 5-year term. Use the rate comparison above to see how pricing differs across lenders for your file.

Government-issued photo ID, T4s or Notice of Assessment (2 years), recent pay stub or employment letter, down payment proof or current mortgage statement, and property purchase agreement if buying.

Yes. The most competitive rates generally go to scores of 720 or higher, but we work with A-lenders, B-lenders, credit unions, and alternative lenders who can work with lower scores, including scores around 500 and sometimes lower with a clear explanation and strong income.

Banks only quote from their own product shelf. lendsimpl compares 50+ lenders simultaneously and negotiates further on your behalf.

The Bank of Canada overnight rate drives variable rates and HELOCs, because lenders set their prime rate based on it. Fixed rates are driven by Government of Canada bond yields.

We serve every city and town across Ontario, including Toronto, Mississauga, Brampton, Hamilton, Ottawa, London, Markham, Vaughan, Kitchener, Windsor, Oakville, Burlington, Barrie, Kingston, and hundreds more. FSRA Licensed #13763.