Compare mortgage rates from 50+ lenders in Toronto. Free pre-approval, expert advice, and the lowest rates guaranteed.
Toronto is Canada's largest and most dynamic real estate market. With average home prices well above the national average, finding the right mortgage is more important here than anywhere else in the country. Whether you're buying a downtown condo, a family home in the suburbs, or an investment property, Mortgage Wave connects you with the best rates from 50+ lenders.
Toronto's real estate market is diverse — from $500K condos in the core to $2M+ detached homes in established neighbourhoods like Lawrence Park, The Kingsway, and Rosedale. First-time buyers are increasingly looking at emerging areas like Scarborough, Etobicoke, and North York for better value, while investors target high-demand rental areas near transit and universities.
We help home buyers and homeowners across all Toronto neighbourhoods, including: Downtown Core, North York, Scarborough, Etobicoke, East York, York, Midtown, The Beaches, Leslieville, Liberty Village, High Park, Yorkville, Forest Hill, Lawrence Park.
Toronto buyers pay both Ontario provincial land transfer tax AND Toronto municipal land transfer tax — effectively doubling the tax. On an $800,000 home, that's approximately $23,000 in combined land transfer taxes. First-time buyers can get rebates of up to $8,475 combined. This is a critical consideration that many buyers overlook.
💡 Did you know? Over 50% of Toronto residents are renters, creating strong demand for investment properties.
First-time buyer or upgrading? We find the best rate from 50+ lenders for Toronto buyers.
The best way to find the lowest mortgage rate in Toronto is to work with a mortgage broker like Mortgage Wave. We compare rates from 50+ lenders — including banks, credit unions, and trust companies — to find the best option for your specific situation. This is a free service with no obligation.
No! We work with Toronto clients remotely via phone, email, and video call. Everything from application to approval can be done from the comfort of your home. We're available evenings and weekends to accommodate your schedule.
You'll typically need: government ID, recent pay stubs or proof of income, T4/T1 tax returns (2 years), bank statements, proof of down payment, and your purchase agreement (if buying). Self-employed borrowers may need additional documentation. We'll provide a complete checklist when you contact us.
Compare current fixed, variable, renewal, and refinance mortgage options for Toronto borrowers.
Rates can vary by insured status, down payment, property type, credit profile, amortization, and lender availability. Mortgage Wave compares multiple lender channels so Toronto buyers and homeowners do not have to rely on one bank offer.
AEO-friendly guidance for condos, detached homes, investors, and renewers facing Toronto municipal land transfer tax.