Mortgage Rates

(Not Updated. Please Reach out to us for rates)

Mortgage Rates

Starting mortgage rates from our lenders

Mortgage Rates updated on: 9 Feb 2024

Insured Mortgages

5.24%

3-year fixed rate

6.10%

5-year variable rate

4.94%

5-year fixed rate

Down payment < 20% Amortization: upto a maximum of 25 yrs

Insurable Mortgages

5.64%

3-year fixed rate

6.45%

5 year variable rate

5.24%

5-year fixed rate

Down payment > 20% Amortization: upto a maximum of 25 yrs

Uninsured Mortgages

5.59%

3-year fixed rate

6.85%

5-year variable rate

5.29%

5-year fixed rate

              Refinances                Purchase price > $1mn

Rental Property Mortgages

5.54%

3-year fixed rate

6.85%

5-year variable rate

5.67%

5-year fixed rate

     Non-Owner Occupied     Purchase price < $1mn

Flexible Criteria Mortgages

6.89%

1-year term

6.59%

2-year term

6.49%

3-year term

Non-Prime Lenders Loan-to-Value upto 80% 

Private Mortgages

8.49%

1st Mortgage

10.24%

2nd Mortgage

2.00%

Other fees

Lender & broker starting fees in addition to rates

 

Current Prime Rate: 7.20% (TD’s current Prime Rate: 7.35%)
Rates listed here are the standard starting rates quoted by lenders for a regular application. 
You might be able to qualify for lower rates subject to income, credit history and other factors. Please reach out to get your custom rates.

Difference in Mortgage Rates

Factors that determine which mortgage rates apply to you

Loan-To-Value Ratio

Ratio of the size of the mortgage with respect to value of the property

Property usage

Will the property be the owner’s primary residence or will it be non owner occupied

Type of mortgage

Fixed or variable mortgage and whether its a prime or subprime mortgage

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