Updated Weekly – Compare Best Mortgage Rates from 50+ Lenders
Rates shown apply to high-ratio insured mortgages (LTV > 80%)
🔒 Fixed Mortgage Rates
- Best 5-Year Fixed Mortgage Rate: 4.29%
- Best 3-Year Fixed Mortgage Rate: 4.34%
- Best 1-Year Fixed Mortgage Rate: 4.84%
🔄 Variable Mortgage Rates Ontario
- 5-Year Variable Rate: Prime – 0.70%
- 3-Year Variable Rate: Prime – 0.80%
- Current Prime Rate: 4.95%
💰 Sample Monthly Payment
Based on $500,000 mortgage, 25-year amortization
Calculated using Canadian mortgage standards (semi-annual compounding)
- Fixed @ 4.44%: $2,709.29
- Variable @ 4.15%: $2,670.92
🅱️ Alternate “B” Lender Mortgage Rates
680 Beacon scores, Owner occupied, TDS <55%
- 1-Year Fixed: Starting at 5.44%
- 2-Year Fixed: Starting at 5.24%
- 3-Year Fixed: Starting at 5.24%
Rental premium: Add 0.5%
📌 Rate Notes
- E & O E. Rates apply to high-ratio insured mortgages (LTV > 80%)
- Rates subject to change without notice
- Rate hold: Prime lending 120 days, alternate lending 90 days
- On approved credit (OAC)
- Final rate depends on lender, product, and borrower qualifications
- Additional conditions may apply
- Note: Canadian mortgage rates are compounded semi-annually. U.S. rates typically compound annually, which may result in slightly different payment calculations.
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Reach Maurice directly:
🌐 Online: MortgageMaurice.ca
📱 Text or WhatsApp: (416) 618-9312
📧 Email: maurice@sherwoodmortgagegroup.com
Maurice Kwok, Mortgage Broker – Sherwood Mortgage Group, MBA CPA MA
Free download My Mortgage Planner Mortgage Calculator
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