Best Mortgage RatesOntario. 50+ Lenders Competing.See Today's Rates Below
50+ banks, credit unions, and monoline lenders compared instantly. Expert advice at — fees are disclosed per FSRA. Rate holds up to 120 days.
Reviews5/5A mortgage decision shouldn't feel like a guessing game. The right rate — and the right lender fit — can be the difference between a mortgage that fits your life and one that quietly strains it for years.
Licensed Ontario advisors
Real conversations, not a call-centre script.
Plain-English guidance
We explain what a rate actually costs you.
Your info, your pace
Nothing moves forward without you.
Ontario's Best Rates. 50+ Lenders. One Application. Zero Cost.
Most A-lender mortgages through lendsimpl — fees are disclosed per FSRA.
Where are you at right now?
Takes about 30 seconds · Free · No obligation
Real Savings, Not Guesswork.
5.0/5
client rated
$14K+
saved
50+
lenders compared
“Shamal and his team were instrumental in securing a mortgage for our farm last year. This venture was new to us and we could not have done this without his help. He was attentive, detailed and communicated all requirements clearly. Shamal provided Excellent customer service and often went above and beyond to secure our mortgage. We do not hesitate when recommending his services to our friends and family.”
Purchase
Your Protection. Zero Pressure.
Best rate match
We fight the branch quote for you
120-day rate hold
Protected if rates move up
No-pressure next step
Review options before committing
Your Best-Rate Edge.
Ontario mortgage comparison expertise — lower rates, smarter terms, clearer choices across every city.
50+ Lenders Compared
Banks, monolines, credit unions
FSRA Licensed
For most A-lender mortgages
50+
lenders
2,500+
funded
120d
rate hold
Process
Best Rate in 3 Steps.
1. Compare
50+ lenders
2. Choose
Side-by-side options
3. Close
On time, on rate
FAQs
Best Rate Questions?
Quick answers on Toronto & Ontario fixed, variable, renewal, and lender-switch decisions.
It depends on your timeline, risk tolerance, and penalty sensitivity. We compare both using your exact Ontario mortgage amount so the decision is based on dollars, not guesswork.
Your Best-Rate Edge.
Ontario mortgage comparison expertise — lower rates, smarter terms, clearer choices across every city.
50+ Lenders Compared
Banks, monolines, credit unions
FSRA Licensed
For most A-lender mortgages
50+
lenders
2,500+
funded
120d
rate hold
Process
Best Rate in 3 Steps.
1. Compare
50+ lenders
2. Choose
Side-by-side options
3. Close
On time, on rate
Real Savings, Not Guesswork.
5.0/5
client rated
$14K+
saved
50+
lenders compared
“Shamal and his team were instrumental in securing a mortgage for our farm last year. This venture was new to us and we could not have done this without his help. He was attentive, detailed and communicated all requirements clearly. Shamal provided Excellent customer service and often went above and beyond to secure our mortgage. We do not hesitate when recommending his services to our friends and family.”
Purchase
Your Protection. Zero Pressure.
Best rate match
We fight the branch quote for you
120-day rate hold
Protected if rates move up
No-pressure next step
Review options before committing
FAQs
Best Rate Questions?
Quick answers on Toronto & Ontario fixed, variable, renewal, and lender-switch decisions.
It depends on your timeline, risk tolerance, and penalty sensitivity. We compare both using your exact Ontario mortgage amount so the decision is based on dollars, not guesswork.
Stop Accepting Your Bank's First Offer
Even a 0.25% rate difference on a $500K mortgage saves over $7,000 over a 5-year term.
The Bank-Only Way
Accepting Whatever Your Bank Offers
The Broker Way
50+ Lenders Competing for You
Ontario Homeowners Who Saved Thousands
Damien Atapattu made my mortgage process completely stress‑free. He prepared all documents ahead of time and clearly understands lender, lawyer, and appraisal requirements. A friendly, energetic professional who gets results.
Aruna Bandaranayake
Google review
Highly recommend! Damien took a lot of time to explain the terms thoroughly. He is very knowledgeable and trustworthy. Looking forward to working with him again!
Tommy Ravindran
Google review
Shamal was amazing throughout the whole process. He is very helpful, knowledgeable and patient. If you need a good reliable mortgage broker he is the guy! He will find you the best solution.
Avy Loc
Google review
Highly recommend. Damien was excellent throughout everything. Walking us through everything step by step. He was extremely well prepared and well versed in everything we needed to get a mortgage at a great rate.
John Abraham
Google review
I had a great experience working with Damien. He helped me secure a very competitive mortgage rate through Scotiabank and made the entire process smooth and stress-free. He was knowledgeable, transparent, and always quick to respond to my questions. I highly recommend him.
Rz
Google review
I approached lendsimpl for some financing and was amazed at the quality and time frame of service. Within a matter of days my deal was completed. Thanks to Damien and the team for expediting my business so efficiently. I highly recommend them for your financing needs. Five stars from us.
Sunrise Meadows
Google review
Why Ontario Homeowners Choose lendsimpl for the Best Rate
50+ Lenders Competing for Your Mortgage
We compare rates from every major bank, credit union, trust company, and monoline lender in Ontario. More competition means you're never stuck with one bank's offer.
Expert Advice at No Cost to You
Most A-lender mortgages through lendsimpl carry no broker fee to you — any fees that do apply are disclosed per FSRA rules. You get expert advice, rate shopping across 50+ lenders, and full mortgage coordination at no cost to you.
Fixed, Variable & Hybrid Options
Whether you want the stability of a 5-year fixed, the savings potential of a variable rate, or a shorter 1–3 year term, we find the best option for your goals.
Exclusive Broker-Only Rates
Many of our lender partners offer rates that aren't available at branches or online. These broker-channel rates are lower because lenders save on overhead.
Rate Hold Up to 120 Days
Lock in today's rate for up to 120 days while you shop for a home. If rates drop before closing, we switch you to the lower rate automatically.
FSRA Licensed & Fully Transparent
We're regulated by FSRA (#13763). Every rate, fee, prepayment privilege, and penalty is disclosed upfront.
Renewal & Refinance Specialists
Over 40% of Ontario homeowners renew with their current lender without shopping — and overpay by thousands. We start your review 120 days early.
First-Time Buyer Program Access
We optimize your entire purchase — not just the rate. Benefit from the FHSA, RRSP Home Buyer's Plan, First-Time Home Buyer Incentive, and Land Transfer Tax rebates.
Total Cost Comparison — Not Just the Rate
Every option we present includes the full cost breakdown: penalties, prepayment privileges, portability, and total interest over the term.
From Comparison to Closing — Your Complete Roadmap
STEP 01
Rate Comparison
Tell us what you need — purchase, renewal, or refinance. We instantly compare 50+ lenders to find your best rates.
STEP 02
Personalized Options
Your broker presents the top 3–5 options with a clear side-by-side breakdown of rate, term, penalties, prepayment privileges, and total cost.
STEP 03
We Negotiate for You
We leverage our lender relationships and volume to push for the lowest rate, best cash-back offer, and most flexible terms.
STEP 04
Close with Confidence
We coordinate everything with your lender, lawyer, and realtor. You close on time, on rate, with every document handled.
STEP 05
Mortgage Registration & Title Review
We work alongside your lawyer for mortgage registration, title insurance, and all closing documentation.
STEP 06
Renewal Strategy Delivered Early
120 days before your term ends, we reach out with a full renewal analysis and market comparison.
Our Commitment to You
Best Rate Commitment
We shop 50+ lenders to find you the lowest rate.
Speed Commitment
Pre-approval within 24 hours or we'll prioritize your file for same-day review.
No Hidden Fee
Everything is in writing before you sign.
Renewal Reminder Commitment
We track your renewal date and proactively reach out 120 days in advance with a full market comparison.
Total Cost Transparency Commitment
Every rate quote includes a full breakdown of the total cost of borrowing over your term.
Ontario Mortgage Rates — Frequently Asked Questions
Answers to common questions about Ontario Mortgage Rates, from lendsimpl — Ontario's FSRA-licensed mortgage brokerage (#13763).
What are the best mortgage rates in Ontario right now?
The exact rate depends on your down payment, credit profile, and mortgage type — insured, insurable, and uninsured mortgages all price differently. See the live rate comparison above for today's actual numbers across 50+ lenders.
What's the difference between insured and uninsured mortgage rates?
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 typically price higher, since the lender carries the full risk without that insurance coverage.
Should I choose a fixed or variable mortgage rate?
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.
How do I get the lowest mortgage rate in Ontario?
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.
Can I get a rate hold before I find a home?
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.
What's the benefit of a shorter mortgage term?
A 1–3 year term gives flexibility to renegotiate sooner and carries lower prepayment penalties if you need to break early.
How much can borrowers save by comparing rates?
Even a small rate difference on a $500K mortgage adds up to thousands over a 5-year term. Many of our clients save $8,000–$15,000 compared to their bank's first offer.
How does the Bank of Canada rate affect Ontario mortgage rates?
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.
Still have questions about your rate?
Legal
Important Disclosures
Rates & Approvals
All mortgage approvals are subject to lender conditions and underwriting review. Rates shown are for illustrative purposes only, subject to change without notice, and may vary depending on credit profile, income type, property type, and LTV. Not all applicants will qualify for the lowest advertised rates.
FSRA Licensed Brokerage
lendsimpl is a licensed mortgage brokerage (FSRA #13763), operating under the Mortgage Architects network. All lending is subject to applicable provincial regulations and industry guidelines.
This page is for informational purposes only and does not constitute a mortgage offer or legal advice.
Explore related topics
More Ontario mortgage resources
Best Mortgage Rates in Every Ontario City
lendsimpl compares 50+ lenders for borrowers from the GTA to Northern Ontario — every city, same expert advice, same best rate.
Greater Toronto Area
Eastern Ontario
Western Ontario
Northern Ontario
All 0 Ontario Cities
We serve every Ontario town and community — not just the major centres listed above.