Ontario mortgage rate snapshot.

Ontario Mortgage Rate Dashboard

Compare public mortgage-rate snapshots from major Canadian banks with plain-English context for Ontario buyers, owners, and renewals.

Rates reviewed June 23, 2026

Lowest fixed rate

Verified official public products

Easing

4.59%

6.09%4.59%

Lowest variable rate

Prime-linked public snapshot

Easing

3.65%

5.95%3.65%

Major-bank prime

Current prime-rate reference

Flat

4.45%

4.45%4.45%

Official lender products

Filter rates by bank

Showing 21 verified products

LenderProductTypeRateChangeOfficial link

BMO3 year fixed (closed)Amortization 25 years or lowerFixed4.64%APR 4.67% 0.00%View details

BMO5 year Smart Fixed (closed)Amortization 25 years or lowerFixed4.84%APR 4.86% 0.00%View details

BMO5 year Smart Fixed (default insured)Default-insured mortgageFixed4.74%APR 4.76% 0.00%View details

BMO5 year Variable (closed)Amortization 25 years or lowerVariable4.10%APR 4.12% 0.00%View details

RBC3 Year Fixed ClosedPublic purchase and switch special offerFixed4.74%APR 4.78% 0.00%View details

RBC5 Year Fixed ClosedPublic purchase and switch special offerFixed4.89%APR 4.92% 0.00%View details

RBC5 Year Variable ClosedPublic purchase and switch special offerVariable3.95%APR 3.98% 0.00%View details

RBC5 Year Fixed High Ratio ClosedLess than 20% down; insured conditions applyFixed4.59%APR 4.62% 0.00%View details

RBC5 Year Variable High Ratio ClosedLess than 20% down; insured conditions applyVariable3.65%APR 3.68% 0.00%View details

TD3 Year Fixed ClosedOwner-occupied property; amortization 25 years or lessFixed4.69%APR 4.725% 0.00%View details

TD5 Year Fixed ClosedOwner-occupied property; amortization 25 years or lessFixed4.84%APR 4.861% 0.00%View details

TD5 Year Fixed Closed High-RatioHigh-ratio insured conditions applyFixed4.84%APR 4.861% 0.00%View details

TD5 Year Variable ClosedOwner-occupied property; amortization 25 years or lessVariable4.24%APR 4.261% 0.00%View details

CIBC3-YEAR FIXEDNew mortgages; amortization 25 years or lessFixed4.74%APR 4.76% 0.00%View details

CIBC3-Year VariableNew mortgages; amortization 25 years or lessVariable4.05%APR 4.07% 0.00%View details

CIBC5-YEAR FIXEDNew mortgages; amortization 25 years or lessFixed4.94%APR 4.96% 0.00%View details

CIBC5-year fixed high-ratioNew high-ratio insured mortgagesFixed4.64%APR 4.66% 0.00%View details

ScotiabankScotia Ultimate Variable Rate Mortgage - 3 Year Closed TermOfficial posted mortgage rateVariable5.95%APR 5.95% 0.00%View details

ScotiabankScotia Flex Value Mortgage-Closed 5 Year TermOfficial posted mortgage rateVariable4.90%APR 4.91% 0.00%View details

Scotiabank3 yearsOfficial posted closed-term rateFixed5.95%APR not listed 0.00%View details

Scotiabank5 yearsOfficial posted closed-term rateFixed6.09%APR not listed 0.00%View details

Rates shown are exact public products reviewed on official BMO, RBC, TD, CIBC, and Scotiabank pages. Bank websites can change without notice, and actual options depend on insured status, income, credit, property, amortization, down payment/equity, lender policy, and full underwriting.

How to use this page

Use it as a starting point, then compare payment, penalty, prepayment privileges, portability, and conditions before choosing a mortgage.

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Bank prime is a lender reference rate. The Bank of Canada sets the overnight target rate; major banks set their own prime rates.