Best mortgage rates in North York.
Today’s best rate in North York is 3.60%. We compare North York mortgage rates across 50+ Canadian lenders and lock your best on one application — no bureau pull to start.
The best mortgage rate in North York today is approximately 3.60% — about $5,086/month on North York’s benchmark price of $1,260,000 with 20% down over 25 years. Central Toronto — the Yonge corridor's condo towers at North York Centre alongside premium detached enclaves. Investor and end-user demand both run hot.
Rates illustrative; your file (credit, income, LTV) sets your personalized rate. See all Ontario rates →
North York mortgage payments by term
| Term | Best rate | Est. monthly payment* |
|---|---|---|
| 5-Year Fixed | 4.04% | $5,324/mo |
| 5-Year VariableLowest | 3.60% | $5,086/mo |
| 3-Year Fixed | 3.99% | $5,297/mo |
| 3-Year Variable | 3.65% | $5,113/mo |
| 2-Year Fixed | 4.14% | $5,379/mo |
| 1-Year Fixed | 4.19% | $5,407/mo |
| 4-Year Fixed | 4.09% | $5,352/mo |
| 7-Year Fixed | 4.44% | $5,545/mo |
| 10-Year Fixed | 5.34% | $6,059/mo |
A worked example for North York
On North York’s benchmark price of $1,260,000 with 20% down, the mortgage is about $1,008,000. At today’s best rate of 3.60% over a 25-year amortization, that’s roughly $5,086/month using Canadian semi-annual compounding. Model your own price and down payment in the payment calculator, and see the income you’d need.
Getting the best mortgage rate in North York.
The posted rate you see advertised isn’t the rate you get. In North York, your number is set by your credit score, your down payment / loan-to-value, whether the mortgage is insured, and the property type — and by which lender’s broker-channel pricing fits your file. Central Toronto — the Yonge corridor's condo towers at North York Centre alongside premium detached enclaves. Investor and end-user demand both run hot.
What’s specific to Ontario: Ontario has the deepest lender competition in Canada — every monoline (MCAP, First National, RFA, B2B Bank), every Big-6, and 25+ credit unions actively bid. This typically produces the sharpest discount-rate offers in the country. On top of the rate, budget for ontario land transfer tax (ltt) — tiered tax of 0.5%–2.5% on purchase price, calculated at closing on the entire amount. First-time buyers can claim up to $4,000 in Ontario LTT rebate; Toronto purchases stack an additional municipal $4,475 FTHB rebate.
We compare North York mortgage rates across 50+ lenders — banks, monolines and Ontario credit unions like TD and RBC — on a single application, then hold your best rate for 90-120 days. This is the rate-shopping side; for the full local service — pre-approval strategy, document help, a dedicated advisor — see our North York mortgage broker page. Run your numbers on the payment calculator.
North York mortgage rates — FAQ
What is the best mortgage rate in North York right now?
Are North York mortgage rates different from the rest of Canada?
What land transfer tax will I pay in North York?
Can I lock a North York rate before I buy?
Do I need a local North York broker for the best rate?
Whatever your situation in North York
First home, renewal, refinance, investor or self-employed — there's a path for your file, with the same 50+ lender network.
First-time buyers
5% down to your first North York home, with FHSA + RRSP HBP optimization.
Refinancing
Unlock North York equity for renovations, debt consolidation, or investing.
Renewing
Don't auto-renew — most clients beat their bank's first offer by 30-60 bps.
Self-employed
Business-for-self files priced right — A-lender, alt-A and private compared.
Investors
Build your North York rental portfolio — multi-unit and DSCR-style products.
New to Canada
Newcomer programs at the big banks; international credit accepted.
6 reasons to shop your North York mortgage rate through a broker
Why North York buyers and renewers compare the whole market instead of signing their bank's first offer.
50+ lenders compete — not one
A North York bank shows you one rate sheet. We put your file in front of 50+ lenders who bid for it, then pass on the volume pricing we hold.
Broker-channel pricing
The wholesale rate we access is typically 15-30 bps below a bank's posted rate — you can't get it walking into a branch.
A local North York market read
Central Toronto — the Yonge corridor's condo towers at North York Centre alongside premium detached enclaves. Investor and end-user demand both run hot.
Your rate held 90-120 days
A pre-approval locks today's rate while you shop, and many lenders honour a drop if rates fall before closing.
No bureau pull to start
We shop your North York rate and pre-qualify you with no hard credit check, so comparing costs nothing.
Best-rate guarantee
We'll beat any comparable Big-6 offer or pay you $500 — and our advice is free, paid by the funding lender.
Why shop your North York rate with us
- 50+ lenders on one application — banks, monolines, and Ontario credit unions.
- Broker-channel rates 15-30 bps below posted.
- Local North York market knowledge paired with national lender access.
- FSRA-licensed advice in 50+ languages, online or in person.
We arrange mortgages across North York — Willowdale, Don Mills, Bayview Village, North York Centre, Lawrence Manor, Hoggs Hollow, Bathurst Manor, Newtonbrook and beyond — online or in person, with the same 50+ lender panel and FSRA-licensed advice.