Mississauga Mortgage Rates Today — August 2026

Quick answer: For a qualifying Mississauga purchase, researched August 24, 2026, the lowest rates observed in WOWA’s August 21 Ontario rate table (selected underlying records updated August 21, 2026) are 3-year fixed 3.89%, 5-year fixed 3.94%, and 5-year variable 3.35% initially (Prime 4.45% − 1.10%). They are not renewal, refinance, or investment-property offers.

Insured-purchase benchmark snapshot — researched August 24, 2026

Product	Observed rate	Benchmark context
3-year fixed	3.89% · Lowest rate observed	Insured/high-ratio purchase only
5-year fixed	3.94% · Lowest rate observed	Insured/high-ratio purchase only
5-year variable	3.35% initially (Prime 4.45% − 1.10%) · Lowest rate observed	Insured/high-ratio purchase only

Scope and source: The figures are the lowest rates observed in WOWA’s August 21 Ontario rate table; selected underlying records updated August 21, 2026 and the research was performed August 24, 2026. These initially advertised offers are limited to Ontario owner-occupied insured/high-ratio first-mortgage purchases with less than 20% down and no longer amortization. OAC; borrower, property, lender, insurer, closing timing, and availability restrictions apply. Renewal, refinance, and investment-property rates require a personalized quote.

How Mississauga borrowers should compare rates

Use the insured-purchase benchmarks only as a starting point. Mortgage Wave helps Mississauga borrowers compare personalized lender options based on the full application.

Common Mississauga mortgage situations

Mississauga borrowers often compare purchase pre-approval, renewal offers, refinancing for debt consolidation or renovations, move-up financing, and investment-property financing. The published trio applies only to qualifying owner-occupied insured/high-ratio purchases; renewal, refinance, investment-property, uninsured, and other scenarios require a personalized quote.

How to compare a personalized quote

Confirm whether the mortgage is insured, insurable, or uninsured.
Compare term, portability, penalty calculations, amortization, and closing timing.
Use the Mortgage Wave calculator to test payment comfort.
Confirm live lender and insurer availability before relying on any public benchmark.

Related MortgageWave resources

Ontario rates hub

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Payment calculator

Estimate monthly cost using Canadian compounding.

Renewal help

Compare your bank renewal before signing.

Personalized quote

Confirm live lender availability.

FAQs

Researched August 24, 2026, the lowest rates observed in WOWA’s August 21 Ontario rate table (selected underlying records updated August 21, 2026) are 3-year fixed 3.89%, 5-year fixed 3.94%, and 5-year variable 3.35% initially (Prime 4.45% − 1.10%). They are limited to Ontario owner-occupied insured/high-ratio first-mortgage purchases with less than 20% down and no longer amortization, OAC; borrower, property, lender, insurer, timing, and availability restrictions apply.

Yes. The insured-purchase benchmarks above are not renewal offers; Mortgage Wave can compare personalized Mississauga renewal options before you accept your bank’s offer.

Core lender pricing is often provincial or national, but property type, borrower profile, and lender appetite can affect the rate available.

The displayed rates are insured-purchase benchmarks only, subject to change without notice, OAC, and not a guarantee of approval or lender or insurer availability.