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Mortgage Rates
(Most Banks’ Prime Rate: 6.95%)
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*Rates shown are for informational purposes only and are subject to change without notice. Please contact Genesis Group for the most up-to-date rates and terms.
Genesis Group is not liable for any discrepancies or inaccuracies in the displayed rates.
Rates last updated:
Compare the Best Mortgage Rates in Ontario
| Mortgage Term | Rates From | Payments | |
|---|---|---|---|
| 6 Month Fixed | 2.99% | $2,368/mo | |
|
Rate Range: 2.99% - 5.50% |
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| 1 Year Fixed | 5.79% | $3,157/mo | |
|
Rate Range: 5.79% |
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| 2 Year Fixed | 4.84% | $2,876/mo | |
|
Rate Range: 4.84% |
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| 3 Year Fixed | 4.39% | $2,748/mo | |
|
Rate Range: 4.39% |
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| 4 Year Fixed | 4.59% | $2,804/mo | |
|
Rate Range: 4.59% |
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| 5 Year Fixed | 4.24% | $2,705/mo | |
|
Rate Range: 4.24% |
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| 5 Year Open | 4.95% | $2,908/mo | |
|
Rate Range: 4.95% |
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| 5 Year Variable | 4.45% | $2,736/mo | |
|
Rate Range: 4.45% |
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*Disclaimer: If you don’t meet the requirements for our lowest advertised rates, don’t worry—Genesis Group has a wide range of competitive mortgage options to suit your needs! The rates displayed above represent realistic options if the outlined criteria aren’t fully met. Factors such as your credit score, down payment amount, and property details may impact your final rate. At Genesis Group, we are dedicated to finding the best-possible rate and solution for your unique situation.
Additional fees or premiums may apply for rental properties, extended amortizations, non-standard properties, or alternative lending options.
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Experience unmatched savings with Genesis Group. Let us secure your best rate and help you save thousands.
Find the Best Mortgage Rates in Ontario with Genesis Group
In Ontario, securing the best mortgage rates can mean significant savings for you. At Genesis Group, a multiple award-winning mortgage brokerage with over 12 years of industry experience, we specialize in helping clients save big. On average, our clients save over $3,000—and sometimes up to $15,000 or more, depending on your unique situation.
Our dedicated and highly trained Genesis Group brokers leverage our industry-leading volume to negotiate exclusive rate discounts, even with your current bank. For years, our rates have consistently been 0.20% lower on average than the big banks and many competitors.
Why Choose Genesis Group?
Whether you’re a first-time homebuyer, planning a vacation or investment property, or looking to refinance or renew, our award-winning team of brokers has the experience, knowledge, and access to over 65 lenders to tailor a mortgage solution that fits your goals.
Complex Mortgage Needs? We’ve Got You Covered
If your mortgage needs don’t fit the big-bank mold, we offer flexible, short-term mortgage solutions designed to save you time, stress, and money. Whether you need to consolidate debt, access equity, or navigate a unique financial situation, Genesis Group is here to help.
What Impacts Your Mortgage Rate?
Your mortgage rate depends on several factors, including:
- Your down payment percentage compared to the overall mortgage size.
- Your credit score and financial history.
- Your purchase timeline and loan type.
We’re here to simplify the process. Our expert agents will explain the details, answer your questions, and help you make informed decisions to save thousands over the life of your mortgage.
Talk to Us Today
At Genesis Group, your success is our priority. Contact us today to discover how we can help you save. Whether you prefer to visit our office, give us a call, or apply online, our team is ready to guide you toward the best mortgage rates in Ontario.
Your Path to Financial Freedom Starts Here.
Securing Your Best Rate Is Our Mission
Lock in Your Rate Today with Genesis Group
Mortgage rates in Ontario can fluctuate quickly — secure yours for up to 120 days (depending on the lender). Whether you’re purchasing a new home, renewing, or refinancing, we’ll ensure you lock in a competitive rate while providing expert advice tailored to your next mortgage move. Don’t wait — your path to savings starts here!
Your Key to the Best Mortgage Rates? Genesis Group’s Expert Brokers.
At Genesis Group, our award-winning brokers are highly trained professionals with access to a wide range of mortgage products tailored to fit your unique needs. We understand how crucial it is to secure the right mortgage—on time, stress-free, and at the most competitive rate.
Got a complex situation? No problem. Our team simplifies even the most intricate details, guiding you every step of the way with personalized service that puts you first.
Experience unparalleled 5-star service today. Whether it’s your first mortgage or a refinance, we’re here to build a savings relationship you can count on for years to come.
Start your journey today—apply online, give us a call, or meet us in person. Need a broker who speaks your language or prefers a Mobile Agent to meet you where you are? Explore our directory to find your perfect match.
Ontario’s Housing Market: Navigating Challenges and Opportunities with Genesis Group
Ontario is a province where many dream to live, but with its higher-priced housing market, finding the right home and mortgage can feel like an uphill battle. With layers of taxes and government red tape slowing new housing starts, the demand for housing remains high — and the path to homeownership more complex than ever.
In October 2024, Ontario’s housing market showed signs of renewed activity, with sales climbing an impressive 34% year-over-year and up 14% from last month. The strongest gains were seen in Ottawa (+39.3%) and the GTA (+34.1%), yet overall sales still sit 12% below the province’s 10-year average.
While new listings increased slightly (+3.1% year-over-year), this wasn’t enough to keep up with the surge in demand, bringing inventory levels down to just 3.1 months, compared to September’s 3.9 months. The provincial sales-to-new-listings ratio (SNLR) also rose to 48.6% from 41% last month, signaling balanced markets in most regions. However, Ottawa and Sudbury continue to stand out as seller’s markets.
Housing Affordability Remains a Challenge
Ontario continues to be one of Canada’s least affordable housing markets, posing significant challenges for first-time homebuyers. The average home price in the province climbed 3.1% year-over-year to $887,259, up from $869,697 last month.
Price increases were most pronounced in:
- Sudbury: +15%
- Windsor: +7.5%
- Hamilton: +5.1%
Conversely, markets like London and St. Catharines experienced price drops of -6.6% and -3.4%, respectively.
What’s Ahead for Ontario’s Housing Market?
As interest rates are projected to decline into 2025, Ontario’s housing market may see shifts in affordability and activity. However, the looming wave of mortgage renewals could pressure household budgets, potentially driving up listings just in time for the anticipated Spring 2025 housing season.
At Genesis Group, we understand the unique challenges of Ontario’s housing market. Whether you’re a first-time buyer or navigating the complexities of mortgage renewals, we’re here to guide you every step of the way. Let us help you make informed decisions and secure the home — and future — you deserve.
Source: Sagen Housing Market Updates
Genesis Group: Your Trusted Partner in Navigating Ontario’s Housing Market.
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