Ontario Mortgage Rates
Starting at 3.84% for 5-Year Fixed and 3.94% for 5-Year Variable
Mortgage Rates in Ontario
Mortgage rates in Ontario fluctuate based on economic factors, lending policies, and market conditions, impacting both fixed and variable rate options. For borrowers, understanding current rates is crucial as it affects monthly payments and the overall cost of home ownership.
Fixed rates offer stability with set payments over the term, while variable rates can change with the market, often providing lower initial rates with potential for fluctuation. Regularly checking mortgage rates helps Ontario residents make informed decisions, whether they're first-time buyers, looking to refinance, or renewing a mortgage
Updated: 10 June, 2025