Rate guide · Ontario · data as of 2026-10-16

Best mortgage rates in Ontario

The lowest mortgage rates from the lenders that serve Ontario, eligibility-checked before they're listed.

See top rates ↓ · All mortgage rates

Current lowest4.09%Oshawa Community Credit Union

Lowest 5-year fixed rates in Ontario

The benchmark 5-year fixed closed term, lowest first — one row per lender.

  1. 1Oshawa Community Credit Union5-year fixed closed · Promo4.09%
  2. 2First Nations Bank of Canada5-year fixed closed · Insured4.19%
  3. 3Luminus Financial5-year fixed closed · Promo4.19%
  4. 4Moya Financial5-year fixed closed · Insured4.19%
  5. 5The Police Credit Union5-year fixed closed · Insured4.29%
  6. 6Ukrainian Credit Union5-year fixed closed · Insured · Promo4.29%
  7. 7OPPA Credit Union5-year fixed closed · Insured · Promo4.34%
  8. 8DUCA5-year fixed closed · Insured4.39%
  9. 9Pathwise Credit Union5-year fixed closed · Insured4.39%
  10. 10Kawartha (a division of Libro)5-year fixed closed · Insured · Promo4.44%
  11. 11Libro Credit Union5-year fixed closed · Insured4.44%
  12. 12Mainstreet Credit Union5-year fixed closed · Insured4.44%

Lowest rate per lender, any term in Ontario

Each lender's single lowest posted rate — the term and type it applies to is next to the rate.

  1. 1True North Mortgage6-month fixed closed · Insured · Promo2.49%
  2. 2Meridian Credit Union5-year variable closed · Insured3.44%
  3. 3FirstOntario Credit Union5-year variable closed · Insured · Promo3.45%
  4. 4Mainstreet Credit Union5-year variable closed · Insured3.45%
  5. 5PenFinancial Credit Union1-year fixed closed · Promo3.49%
  6. 6Northern Birch Credit Union5-year variable closed · Insured3.54%
  7. 7EQ Bank5-year variable closed3.60%
  8. 8Neo Financial5-year variable closed3.60%
  9. 9Coast Capital Savings5-year variable closed3.69%
  10. 10Prospera Credit Union5-year variable closed · Promo3.69%
  11. 11Alterna Bank5-year variable closed · Insured · Promo3.70%
  12. 12Alterna Savings5-year variable closed · Insured · Promo3.70%

Ontario mortgage questions

Who has the best mortgage rate in Ontario right now?

Oshawa Community Credit Union currently posts 4.09% (5-year fixed closed · Promo) — the lowest rate we track from institutions serving Ontario, data as of 2026-10-16.

Are these rates open to people in Ontario?

Yes — that's the point of this page. Every institution listed serves Ontario: we check each one's membership eligibility and service area before it can appear, rather than listing national rates you may not qualify for.

Are these deposits insured?

Yes. Bank deposits are CDIC-insured up to $100,000 per category; credit-union deposits are covered by Ontario's provincial fund — see deposit protection in Ontario and our deposit-insurance guide.

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