Mortgage 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
