Mortgage rates in Toronto can shift quickly. We can protect your rate for up to 120 days (depending on the lender). Whether you’re buying, renewing, or refinancing, our expert advice ensures you get a competitive rate tailored to your next mortgage move. Don’t delay—your savings start now!
Best Mortgage Rates in Toronto
5-Year Fixed*
0
%
5-Year Variable*
0
%
(Most Banks’ Prime Rate: 6.95%)
Shop 65+ lenders in one place. Save time and money today!
*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 Toronto
| 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 | 3.99% | $2,627/mo | |
|
Rate Range: 3.99% |
|||
| 4 Year Fixed | 4.59% | $2,804/mo | |
|
Rate Range: 4.59% |
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| 5 Year Fixed MOST POPULAR | 3.99% | $2,627/mo | |
|
Rate Range: 3.99% |
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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. We’re dedicated to finding the best-possible solution for your unique situation.
Additional fees or premiums may apply for rental properties, extended amortizations, non-standard properties, or alternative lending options.
Unlock Your Lowest Rate in Toronto Today—Guaranteed
At Genesis Group, we want you to enjoy a stress-free mortgage journey. Let us find your very best rate, saving you time and thousands of dollars in the long run.
Mortgage Rates Toronto—The Genesis Group
Find the Best Mortgage Rates in Toronto with Genesis Group
Getting a great mortgage rate in Toronto can save you a huge amount of money. Our award-winning Genesis Group team has over 12 years of success helping clients do exactly that—many save over $3,000, and some even more than $15,000, based on their personal situation.
We use our top-level industry volume to negotiate exclusive discounts, often beating bank rates by about 0.20% on average. Even if you prefer to stay with your current bank, we can still help you secure a better deal.
Why Choose Genesis Group?
No matter if this is your first home, a vacation or investment place, or a refinance/renewal, our experienced brokers offer:
- Over 65 Lenders to compare in one stop.
- Tailored Solutions for your life goals.
- Expert Guidance from a friendly, award-winning team.
Complex Mortgage Needs? No Problem
If your situation doesn’t fit neatly into a big-bank box, we offer flexible, short-term options to save you time, stress, and money. From debt consolidation to accessing home equity, Genesis Group is ready to help you reach your goals.
What Impacts Your Mortgage Rate?
Some common factors include:
- Down Payment – A bigger one can mean a lower rate.
- Credit Score & History – A strong record can unlock better offers.
- Purchase Timing & Loan Type – Certain time frames or special products can lead to discounts.
Our brokers simplify these steps, answer your questions, and help you choose wisely—so you can save as much as possible over your mortgage’s lifetime.
Talk to Us Today
Your success is our goal. Reach out by phone, visit our office, or apply online. We’ll help you find the best mortgage rates in Toronto. Ready to see how much you can save?
Your Path to Financial Freedom Begins Here.
Securing Your Best Rate Is Our Mission
Your Key to the Best Mortgage Rates? Genesis Group’s Expert Brokers.
At Genesis Group, each broker is specially trained to handle your mortgage needs from start to finish. We know how vital it is to secure the right mortgage—on time and with as little hassle as possible.
- Got a tricky scenario? We’ll break it down and guide you every step.
- Need a certain language or want a mobile agent to come to you? Check our broker directory.
Experience our 5-star service today. For first-time mortgages or refinances, we’re here to build a lasting partnership that helps you save, now and in the future.
Apply online, call us, or drop by our office—the choice is yours.
Toronto’s Housing Market: Navigating Challenges & Opportunities with Genesis Group
Toronto is a bustling city where many dream to live, but rising real estate prices can make homeownership feel tough. Government taxes and red tape slow down new housing, while demand stays high—making mortgages even more important.
In October 2024, Toronto’s market saw a 34% jump in home sales year-over-year, plus a 14% rise from last month. Sales are still below the 10-year average, yet places like Etobicoke and Scarborough reported extra-strong gains. Listings rose 3.1% compared to last year, but that wasn’t enough to match the surge in demand—pushing inventory down to 3.1 months from 3.9 in September. The overall sales-to-new-listings ratio (SNLR) rose to 48.6% from 41%, indicating balanced conditions, though some neighborhoods remain in sellers’ territory.
Housing Affordability Still a Challenge
Prices in Toronto remain among Canada’s highest, making it harder for first-time buyers. The average home price climbed 3.1% year-over-year to $887,259, up from $869,697 last month.
- Downtown Core: Up 5.2%
- North York: Up 4.3%
- Pickering: Up 3.7%
Meanwhile, areas like Oshawa faced slight dips near -2.5%.
What’s Next for Toronto’s Housing Market?
Experts expect interest rates to gradually drop into 2025. Renewals might become easier for some, but also many homeowners will see rate changes that affect budgets. Spring 2025 could be lively, as more listings and better rates come into play.
At Genesis Group, we know Toronto’s unique real estate puzzle. Whether you’re a first-time buyer, a newcomer, or renewing your mortgage, we’ll guide you through every step with a plan built around your needs.
Source: Sagen Housing Market Updates
Genesis Group: Your Trusted Guide in Toronto’s Housing Landscape.
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