Ontario Mortgage Rates 2025
Current Ontario Mortgage Rates
Compare the latest fixed and variable mortgage rates from top lenders in Ontario as of March 02, 2025.
| Term | Fixed Rate | Variable Rate | Lender |
|---|---|---|---|
| 1-Year | 4.79% | - | TD Canada Trust |
| 3-Year | 3.87% | - | RBC Royal Bank |
| 5-Year | 3.94% | 4.15% | CIBC |
Rates are subject to change. Last updated: March 02, 2025.
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About Ontario Mortgage Rates
Ontario’s mortgage market is highly competitive, driven by major banks, credit unions, and brokers in cities like Toronto and Ottawa. As of 2025, average home prices in Ontario are around $858,600, with 5-year fixed rates starting at 3.94% and variable rates at 4.15%. Factors like the Bank of Canada’s prime rate (currently 5.2%) and bond yields influence these rates.
Shopping around with multiple lenders can save you thousands over the life of your mortgage. Use our calculator above to estimate payments and compare offers tailored to your needs.
