Ontario mortgage rates, compared for you
As a licensed mortgage broker with access to 239 lender partners across Canada, I compare fixed and variable rates from big banks, credit unions, and monoline lenders so buyers and homeowners in Ottawa, Perth, and Lanark County get the best available rate for their situation, not just one bank's posted rate.
Fixed rates
A fixed rate stays the same for your entire term, typically 1 to 10 years, giving you predictable payments regardless of what happens with the Bank of Canada's overnight rate.
Variable rates
A variable rate moves with your lender's prime rate, which follows the Bank of Canada's overnight rate. Variable rates have historically saved borrowers money over the long run, but come with more payment fluctuation.
Why lender selection matters
Posted bank rates are rarely the best rate available. Because I work with 239 lender partners, I can match your specific credit profile, income type, and property with the lender most likely to offer you the best combination of rate and terms.