Best Mortgage RatesOntario. 50+ Lenders Competing.Start from 3.65%

As of 2026, the best 5-year fixed insured mortgage rates in Ontario start from approximately 4.04%, and 5-year variable rates from around 4.20% (prime − 0.85%). We compare 50+ lenders in real-time.

Insured mortgages carry lower rates because the lender's risk is covered. You need mortgage insurance if your down payment is less than 20%. Uninsured mortgages have slightly higher rates — usually 0.10–0.20% more.

If you value predictable payments, choose fixed. If you're comfortable with fluctuation and believe rates will drop, variable often saves money — historically cheaper about 80% of the time.

A credit score of 720+, a down payment of 20%+, shorter amortization, working with a broker who compares 50+ lenders, and rate holds of 120 days.

For most A-lender mortgages, you pay absolutely nothing — the lender compensates the broker. Our services may apply for alternative or private lending, disclosed upfront.

Yes. We can secure a rate hold for up to 120 days with many lenders. If rates drop during your hold period, we automatically switch you to the lower rate.

All federally regulated lenders require borrowers to qualify at the higher of their contract rate plus 2%, or the Bank of Canada's qualifying rate (currently 5.25%).

Often, yes. Your current lender's renewal offer is almost never the best rate available. Switching at renewal is free — there are no penalties because your term is ending.

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

Even a 0.25% rate difference on a $500K mortgage saves over $7,000 over a 5-year term. Many of our clients save $8,000–$15,000 compared to their bank's first offer.

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. While the lowest rates require 720+, we work with A-lenders, B-lenders, credit unions, and alternative lenders who accommodate credit scores from 500+.

Banks only quote from their own product shelf. lendsimpl compares 50+ lenders simultaneously. Most clients receive 2–4 competing offers, and we negotiate further on your behalf.

The BoC overnight rate directly drives variable rates and HELOCs (prime = BoC rate + 2.20%). 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.