What are mortgage rates in Toronto today?
| Term | Rate | Lender type | Shelf / note | Payment on $400,000 |
|---|---|---|---|---|
| 5-year fixed | 4.04% | Credit union | uninsured | $2,113/mo |
| 5-year variable | 3.70% | Brokerage | prime − 0.75% | $2,046/mo |
| 3-year fixed | 4.19% | Monoline | uninsured | $2,145/mo |
| HELOC | 4.95% | Bank | prime + 0.50% | — |
Payments on a $400,000 mortgage, 25-year amortization, fixed rates compounded semi-annually. Prime 4.45% (Bank of Canada policy rate 2.25%), October 7, 2026.
Who bids on Toronto mortgages?
Every approved lender that serves Ontario appears on this page automatically.
Mortgage renewal in Toronto
Toronto homeowners can switch lenders at maturity with no penalty. Start 120 days early and challenge your renewal rate; on a $412,000 balance, a bid 0.85% lower saves about $194 a month.
Refinance and HELOC in Toronto
Refinance up to 80% of your Toronto home's value, or open a HELOC up to 65%. Compare both with the refinance calculator and HELOC calculator.
What does it cost to buy in Toronto?
Ontario charges a provincial land transfer tax on a marginal scale from 0.5% to 2.5%. Homes in the City of Toronto also pay a municipal land transfer tax. First-time buyers can get up to $4,000 refunded on the provincial tax and up to $4,475 on Toronto's. Toronto adds its municipal land transfer tax.
| Item | Amount |
|---|---|
| Total transfer tax / registration fees | $28,950 |
Before first-time buyer rebates. Rules checked October 7, 2026.
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Frequently asked questions
What are mortgage rates in Toronto today?
See the best bids table above; post your request for bids on your own file.
Is a Toronto mortgage renewal different from other cities?
The process is the same; which lenders serve the area and the property type matter more than the city.
Can I get a private mortgage in Toronto?
Yes, if private lenders or MICs serve Ontario. Each bid lists every fee.
Do I need a Toronto mortgage broker?
Not to get bids. Brokerages bid alongside lenders.
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