3852 Finch Ave E #209, Scarborough, ON M1T 3T9, Canada
Brokerage #13763
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Brokerage #13763
Toronto mortgage rate — the annual interest rate charged on a mortgage loan, expressed as a percentage. lendsimpl compares fixed and variable rates from 50+ banks, mono-line lenders, and credit unions to match you with the rate that fits your down payment, credit profile, and purchase price. FSRA Brokerage #13763.
Rates shown are starting points — your actual best rate depends on your file.
5.0 on Google (19 reviews)FSRA Brokerage #13763Toronto & Ontario-wideTakes about 30 seconds · Free · No obligation
From your file to a locked rate — three steps.
Down payment, purchase price, amortization, and credit profile — the details that decide which rates you qualify for.
Banks, mono-line lenders, and credit unions compared side by side — insured and uninsured, fixed and variable.
Secure a rate hold and apply with the lender offering your best fit.
Ready to see your rate?
Tell us your file — we'll tell you what's possible.
From ~4.39%
Lowest rate category in 2026 — default insurance reduces lender risk
Prime − ~0.90%
Fluctuates with the Bank of Canada Overnight Rate
50+
Banks, mono-line lenders, and credit unions
lendsimpl is an FSRA-licensed mortgage brokerage (Brokerage #13763) comparing Toronto mortgage rates across 50+ lenders. Rates shown are starting points — your actual best rate depends on your down payment, credit profile, purchase price, and amortization. All applicable fees are disclosed in writing before you proceed.
Comparing your rate across lendsimpl's lender network comes at no cost for most residential mortgages — the lender pays the broker. Any fees that do apply to your file are disclosed in writing before you proceed, as required by FSRA regulations.
Want the numbers for your specific file?
We'll walk through the options with you.
Compare 50+ lenders — banks, mono-line lenders, and credit unions — in one application
Rate holds of up to 120 days while you shop or wait to close
Insured and uninsured pricing reviewed side by side, not just a single headline rate
FSRA-licensed Brokerage #13763 — all fees disclosed in writing before you proceed
Not sure which rate type fits your situation?
Tell us the situation — we'll tell you what's possible.
5.0 on Google
19 reviews
50+
Lenders compared for every Toronto rate request
6
Rate types compared — fixed, variable, and HELOC
Up to 120 days
Rate hold while you shop or wait to close
Insured vs. uninsured pricing, fixed vs. variable trade-offs, prepayment privileges, and break penalties — reviewed together, not just the lowest number you saw advertised. Every applicable fee is disclosed in writing before you proceed.
See it for yourself.
Licensed brokers, straight answers.
Start with your down payment, purchase price, amortization, and credit profile — these determine which lenders and rates you qualify for.
Toronto properties above typical insured thresholds often price differently, so we compare the rate impact before focusing on a single headline rate.
Rate alone isn't enough — we compare payment certainty, prepayment privileges, and break penalties before you choose a term.
Once the strongest option is clear, we secure a rate hold and submit your application before rates move again.
Ready to start comparing?
Get your rate, or ask a question first.
Predictable monthly payments and protection if rates rise — a strong fit for budget certainty. Trade-off: typically a higher rate than variable, and a larger IRD penalty if you break the term early.
A lower starting rate historically, a simpler 3-month interest penalty, and it benefits automatically from Bank of Canada rate cuts. Trade-off: your payment can change, and you carry the risk if the Bank of Canada raises rates.
Mortgages with less than 20% down (and under $1.5M purchase price) require CMHC, Sagen, or Canada Guaranty default insurance — and typically qualify for a lower rate because the lender's risk is insured. Uninsured mortgages (20%+ down, or refinances) price slightly higher, with a typical spread of 0.05–0.30%.
Still deciding between fixed and variable?
Tell us your risk tolerance — we'll tell you what fits.
lendsimpl is a Financial Services Regulatory Authority of Ontario–licensed brokerage. Every mortgage agent is individually licensed.
Lock in today's rate while you shop or wait to close. If rates fall before closing, lendsimpl re-locks you at no charge.
Any lender, broker, legal, or appraisal fee that applies to your file is disclosed in writing before you proceed.
Your information is encrypted, handled with strict confidentiality, and shared only with the lenders relevant to your file.
Questions about how it works?
No obligation, no pressure.
5.0/5 average rating
Get the same result.
Licensed Ontario brokers, real results.
Rather just talk it through?
A licensed broker is one call away.
Straight answers on fixed vs. variable, insured vs. uninsured, and where rates are headed — so you know exactly what to expect before you apply.
Have a question we didn’t answer?
Our licensed broker team is happy to help.
The best Toronto mortgage rates in 2026 depend on your down payment, credit score, purchase price, and amortization. Insured mortgages (under $1M with <20% down) qualify for lower rates. lendsimpl typically finds 5-year fixed insured rates starting from 4.39–4.79% and variable rates from Prime minus 0.75% to Prime minus 1.05% for well-qualified borrowers. Contact lendsimpl for today's exact rates from 50+ lenders.
Still have questions?
No obligation — just answers.
From downtown Toronto to the GTA and across the province — lendsimpl compares mortgage rates wherever you're buying, renewing, or refinancing.
Buying, renewing, or refinancing in one of these areas?
Let's find your rate.
lendsimpl compares 50+ lenders — insured and uninsured, fixed and variable — to find your lowest available Toronto mortgage rate. Rate holds of up to 120 days. FSRA Brokerage #13763.
No forms, no waiting on a callback — pick a slot for a 15-minute call with a licensed broker directly below.
Hello — I look forward to connecting with you. Tell us a bit about your situation and we'll walk through your options.