Explore current advertised rates. Your available rate will depend on the mortgage type, property, credit profile and lender qualification requirements.
Lowest 5-year fixed mortgage rate across our partner lenders (Meridian Credit Union). O.A.C.
Check Your EligibilityLowest 3-year fixed mortgage rate across our partner lenders (Meridian Credit Union). Optimal short-term stability. O.A.C.
Check Your EligibilityLowest 5-year variable mortgage rate across our partner lenders (Meridian Credit Union). Floating rate tied to Prime. O.A.C.
Check Your EligibilityCompare current 5-year fixed, 3-year fixed, and 5-year variable rates across Canada's Big 5 retail banks alongside premier monoline lenders, credit unions, and institutional providers available through GMG Broker.
| Logo | Financial Institution Lender | 5-Year Fixed 5-Yr Fixed | 3-Year Fixed 3-Yr Fixed | 5-Year Variable Variable | Action |
|---|---|---|---|---|---|
|
Bank of Montreal
BMO
|
4.84% | 4.74% | 4.10% | Check Eligibility |
|
TD Bank
TD
|
4.94% | 4.74% | 4.24% | Check Eligibility |
|
RBC Royal Bank
RBC
|
4.89% | 4.64% | 3.95% | Check Eligibility |
|
CIBC
CIBC
|
4.94% | 4.74% | 4.05% | Check Eligibility |
|
Scotiabank
Scotia
|
4.89% | 4.79% | 4.15% | Check Eligibility |
|
First National Financial
First National
|
4.79% | 4.69% | 3.70% | Check Eligibility |
|
MCAP Mortgage Corporation
MCAP
|
4.69% | 4.59% | 3.75% | Check Eligibility |
|
RMG Mortgages
RMG
|
4.74% | 4.64% | 3.80% | Check Eligibility |
|
CMLS Financial
CMLS
|
4.74% | 4.69% | 3.85% | Check Eligibility |
|
Meridian Credit Union
Meridian
|
4.64% Best | 4.34% Best | 3.64% Best | Check Eligibility |
|
Desjardins
Desjardins
|
4.69% | 4.64% | 4.10% | Check Eligibility |
|
Manulife Bank
Manulife
|
4.69% | 4.59% | 4.15% | Check Eligibility |
|
ICICI Bank Canada
ICICI Bank
|
4.84% | 4.74% | 4.10% | Check Eligibility |
Track weekly rate movements across Canada's Big 5 banks (BMO, Scotiabank, RBC, TD, CIBC) over the past 90 days. Real-time rates updated daily.
*The figures displayed above are live, daily-verified market rates as of September 23, 2026. Please note that other customized rates, unadvertised lender promotions, short-term rate specials, and volume discounts may also be available based on your specific property location, equity, credit profile, and transaction type. Advertised rates are subject to change without notice On Approved Credit (O.A.C.). Contact an experienced GMG Broker mortgage advisor to explore all available rate programs and request a tailored quote for your financing needs.
Mortgage interest rates are influenced by Government of Canada bond yields and Bank of Canada benchmark policy. Our mortgage professionals continuously evaluate lender options across Ontario to help clients identify competitive terms suited to their financial timeline.
A 3-Year Fixed term remains a popular choice for borrowers balancing rate predictability with the option to evaluate market conditions at an earlier renewal interval without excessive prepayment penalties.
Adjust the sliders below to estimate your payment scenarios based on loan amount, interest rate, frequency, and amortization period.
*This calculation is provided for estimation purposes only and does not constitute a mortgage approval or a complete affordability assessment. Actual payments, interest rates, and loan qualifications depend on credit profile, property valuation, lender criteria, and individual financial circumstances.
Frequently asked questions about mortgage financing in Ontario.
