3-Year Fixed Mortgage Rates Ontario

Insured-purchase benchmark snapshot

*Illustrative monthly payments use a $700,000 mortgage, 25-year amortization, and Canadian semi-annual compounding. These are the lowest rates observed in selected publicly advertised Ontario rate tables for an owner-occupied Ontario insured/high-ratio first-mortgage purchase with less than 20% down and no longer amortization. Observed in a review on October 19, 2026; the review is not an exhaustive market survey. OAC; borrower, credit, property, lender, insurer, membership, closing timing, and availability restrictions apply.

Research and eligibility

Mortgage Wave observed these benchmarks in a review of selected publicly advertised Ontario rate tables on October 19, 2026; the review is not an exhaustive market survey. They are not current renewal, refinance, uninsured, or investment-property offers.

The advertised benchmark is limited to an Ontario owner-occupied insured/high-ratio first-mortgage purchase with less than 20% down and without a longer amortization. Approval and the rate actually available depend on the borrower, credit, property, lender, insurer, membership, closing timing, and offer availability. OAC. Rates can change without notice.

How to compare this rate properly

• Confirm that your transaction is an insured owner-occupied purchase.
• Confirm the lender and insurer accept the borrower, property, down payment, and amortization.
• Use the Mortgage Wave calculator to test payment comfort.
• Get a personalized quote for live eligibility and availability.

Related MortgageWave resources

FAQs

Advertised insured-purchase benchmarks only. OAC. Rates can change without notice and are not guarantees of approval or lender availability.