Fixed rate
Your interest rate and payment stay the same for the whole term. Priced off Government of Canada bond yields. The right choice when certainty matters more than the last few basis points.
Home › Mortgage Rates
Mortgage Rates & Terms
The rate is one line in a contract that has about fifteen. Here is how rates are set in Canada — and which of the other fourteen lines actually cost you money.
Track Record
A competitive rate is the floor, not the goal
Getting you a sharp rate is the straightforward part of this job. Making sure the mortgage attached to it still suits you in year three is the part that pays for itself.
100+
Success Stories
$390,248
Money Clients Saved
50+
Lenders
As a Mortgage Agent, Here’s How I Can Assist
Values I Bring to Your Home Purchase
- 1
Client-centric approach
I prioritize your needs and preferences throughout the entire home purchase process, ensuring a personalized and stress-free journey.
- 2
Expert guidance
With in-depth knowledge of the mortgage market, I provide insightful advice that empowers you to make informed decisions.
- 3
Transparent communication
Open and clear communication is at the core of my service. I keep you informed at every step, building a relationship you can rely on.
- 4
Tailored solutions
Your unique situation deserves a customized approach. I craft mortgage solutions that align with your financial goals and aspirations.
- 5
Market insight
Leveraging a keen understanding of market trends, I help you navigate the real estate landscape and make well-informed choices.
Lender Network
50+ lender partnerships — because policy varies more than price
Rates across the major lenders on any given day usually sit within a narrow band. What differs enormously is policy — how each lender treats self-employment income, rental offset, retained earnings, portfolio limits and prepayment penalties. Access to 50+ lenders matters far less for the price than for finding the one whose rulebook fits your file.
Rate Types
Which mortgage rate suits you?
Rates change daily and depend on your credit, down payment, property type and term. There is no single “best rate” — only the best rate available to your file, on a product that fits it. Contact me for a live quote.
Variable rate
Moves with your lender’s prime rate. Historically cheaper over long periods, and usually carries a far smaller penalty (three months’ interest) if you need to break the term early.
Alternative & private
For self-employed income, bruised credit or unusual properties. Higher rates, shorter terms, and a clear exit plan back to a bank rate — which I will map out with you from day one.
Popular Questions
Rates, explained
How are mortgage rates determined in Canada?
Mortgage rates in Canada are influenced by factors such as the Bank of Canada’s policy interest rate, economic conditions and lender-specific considerations. Fixed rates are tied to bond yields, while variable rates are influenced by the prime rate.
Are there first-time homebuyer incentives in Canada?
Yes. First-time buyers can access the Home Buyers’ Plan to withdraw from an RRSP, the First Home Savings Account, the First-Time Home Buyers’ Tax Credit, and land transfer tax rebates of up to $4,000 in Ontario plus $4,475 in Toronto. First-time buyers purchasing a newly built home may also qualify for a 30-year insured amortization.
What is the difference between a fixed-rate and variable-rate mortgage?
A fixed-rate mortgage maintains the same interest rate throughout the term, providing stability in monthly payments. A variable-rate mortgage fluctuates with changes in the lender’s prime rate, which affects your interest costs and, on some products, your payment amount.
Can I get a mortgage with a low credit score in Canada?
While a higher credit score is generally beneficial, there are mortgage options for individuals with lower scores. Lenders may offer alternative mortgage products, but interest rates will be higher and a larger down payment is usually required.
What is the minimum credit score required to qualify for a mortgage?
Minimum requirements vary among lenders, but a score of 650 or higher is often considered the benchmark for more favourable terms. Insured mortgages generally require at least 680 on the highest-scoring applicant.
Rated 5.0 on Google
What working with me is like
★ ★ ★ ★ ★ Rated 5 out of 5
“Raj always goes above and beyond for his clients. As a Real Estate agent it is important to have a mortgage agent like Raj on your side because he is someone you can trust. I send Raj all of my clients looking for mortgage help and I even used him for my personal mortgage.”
★ ★ ★ ★ ★ Rated 5 out of 5
“I found Raj to be sensible, realistic, and down to earth about what I could afford. He researched the lending market and I believe he got me the best deal I could hope for on a mortgage. Raj was recommended to me by my financial adviser whom I trust to manage my investments. She also chose to work with Raj personally so I knew he was someone I could trust to be of high quality and integrity.”
★ ★ ★ ★ ★ Rated 5 out of 5
“Raj has extensive knowledge and experience in the mortgage industry which allowed him to tailor solutions to my specific needs. He’s reliable, professional and personable. I would highly recommend him if you’re looking for someone who is honest and will deliver results. So pleasant to deal with.”
Get In Touch
Book Your Free Consultation
Tell me what you are trying to do — buying, renewing, refinancing, or something that doesn’t fit a standard bank box. I will come back to you the same business day, usually much sooner.
Office
10 Queen Street West, Elmvale, ON L0L 1P0
Phone
Email
Let’s talk through your options.
Book a 15-minute mortgage strategy call. No application, no credit pull — just a straight conversation about what you are trying to do and how the lending market would treat it.