Toronto Mortgage Interest Rates
2.70% – 1 Year Fixed
2.90% – 3 Year Fixed
3.69% – 5 Year Fixed (quick close Sept 30th)
2.87% – Merix 50/50 Mortgage (Fixed/Variable hybrid)
P-.70 3 Year Variable
P-.65 5 Year Variable
Prime Rate is currently 2.75%.
Bank of Canada Qualifying rate has dropped to 5.39%.
NOTE: Rates are subject to change without warning at the lender’s discretion.
Mortgage rates change regularly. You may see a Toronto rate advertised that's no longer available by the time you apply. What's more, certain rates are only available to clients with specific needs or credit qualifications.Another consideration is that some mortgages with very low rates may not give you the options or flexibility you need. The only way we can accurately quote you the best rate is to do a free analysis of your situation, needs and goals.
Have a look at our Toronto mortgage rate video update for a sense of current market conditions. Then, call us. When we know exactly what's right for you, we'll shop the market and find you the best available package of rates and features.
For the mortgage that works best for you, talk to two passionate mortgage brokers, Arnold and Chris Molder. 416.461.0204
