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Best Mortgage Rates Toronto

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We Offer The Best Mortgage Rates In Toronto

We Are The Leaders

We offer some of the best and most customizable mortgage rates in Toronto. We are committed to provide our customers with unparalleled mortgage services.

We Work With The Greatest Lenders
Certified Mortgage Brokers are one of the best mortgage brokers in Canada. Our customer service is unsurpassed and so are our rates. Our knowledgeable staff has numerous connections with the greatest lenders allover Canada.


We Serve All The GTA
We offer successful mortgage options for customers in Aurora, Markham, Mississauga, New Market, North York and all of the Greater Toronto Area. Even if you’re out of the area, give us a call to receive a no obligation consultation. Please contact us at any time to get a quick assessment and to discuss different options.

We’ll Give You The Best Toronto Mortgage Rates

When thinking of rates it is not only lowest rate that matters. There are many different types of rates, starting from variable to fixed. Only a qualified professional can help you to make the right decision as to which rate is right for you. You priorities and needs are always put into first place. With our help you can feel confident and rely on the fact that you got the best of the best.

We Stay On Top Of Toronto Mortgage Rates
Market changes can be abrupt and unexpected. Along with market change, current mortgage rates in Toronto inevitably fluctuate as well. Fortunately the expertise of our team enables us to always stay on top of these changes not only in Canada but also clients seeking US mortgage for Canadian. We put in all our effort into doing our job right; that is exactly why we are able to provide the lowest rates. We offer various mortgage solutions that other companies are not even aware of. If you would like to find out the most current rates, don’t hesitate to contact us.

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Questions? We’re here to help!

Best Toronto Mortgage Rates

Toronto has many mortgage providers and variable interest rates. Choosing the best rate requires understanding the average mortgage rate in Toronto and determining the lowest one. That is why you need our services at Certified Mortgage Brokers. We have the best fixed and variable rates in the region, making us the perfect partner regardless of the type of mortgage you want or the amortization. Compare our rates below and feel free to contact us for more information.

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There Is Nothing We Can’t Handle

Regardless of what your financial situation is, there is absolutely nothing that we can’t handle. At CMB we promise that you will be happy with our services. We will help you to quickly determine how much you’re entitled to and what you can afford. In the end we guarantee to maximize your savings.

Mortgage Rates in Toronto - Competition And What to Expect

Leading mortgage lenders in Toronto generally compete for clients, making it possible for borrowers to get some of the best rates in the region. Some of the factors to consider when comparing the rates include property value, loan term, and mortgage amount, among others. You must also compare the features of each mortgage and the limitations of each rate. The best option should offer you flexibility, lower mortgage fees, better interest on savings, and low prepayment costs.
The stiff competition among lenders is responsible for the average mortgage rate in Toronto being ten times lower than the national rate. Evidence shows that brokers and traditional lenders lose the market share if they do not buy down the rates. The trend will likely continue, given the increasing number of mortgage lenders providing online services.
Toronto has a large number of immigrants and migrants. That, together with the growing population, higher land prices, employment opportunities, and low lending rates, results in property appreciation. Although the city has suffered economic shock that has affected the housing industry, there is hope that supply will increase to curb the demand, but the mortgage rates should remain low.

How to Find The Best Mortgage Rates in Toronto

✔ Get expert advice

Start by choosing the correct Total Interest Percentage (TIP), knowing that it will influence the interest you pay. You can get information from online sources or talk to a mortgage broker. Have an open mind when talking to the mortgage advisors because some of them are biased.

✔ Determine the lowest rate for the mortgage term

Many online platforms have tools for rate comparisons, so doing that should be easy. Remember to check the fine print or restrictions attached to the lowest rates - they might increase the interest amount. Then, talk to the lender offering that rate.

✔ Consider all the features and limitations of the rate you prefer

Check the porting rules, how they calculate the prepayment penalty and refinancing options available. The best mortgage should have after-closing flexibility and upfront interest savings.

Mortgage Rates FAQ’s

What’s the point of comparing mortgage rates?

First of all, there are so many lenders out there who each has many diverse packages to choose from. It can take ages to go through each mortgage providers products and compare them by yourself. We’ve already identified the top mortgage providers and compared them for you to quickly and easily narrow down your search.


How often do CMB update their rates?

There is no set rule for when mortgage rates are updated. Individual brokers, as well as lenders, choose when to update their rates at their own discretion. We are constantly checking the brokers we compare on our website as well as the Canadian Bank to ensure you get the most up to date rates. The most up to date mortgage rates from the best mortgage providers or brokers in Toronto. Compare any type of mortgage from fixed or variable-rate mortgages to open or closed mortgages as well as mortgages with various terms and down payments.

Fixed rate vs. Variable rate mortgages

As the name suggests, fixed-rate mortgages have interest rates that are fixed for the entire period of the mortgage. This rate is established before you buy the mortgage product based on the prime interest rate at the time. Your interest payments won’t change if the prime interest rate fluctuates later on, for better or worse.

A variable-rate mortgage usually starts out with an interest rate slightly lower than for fixed-rate mortgage products. However, your interest payments will follow the interest rate as it goes up and down during your mortgage period. This means that you will be making a trade-off between stability or instability when it comes to your payments for the chance of paying less interest.

What are my pre-payment options?

Your prepayment options will depend entirely on the mortgage provider you choose as they set their pre-payment terms on an individual basis. There are usually two types of pre-payment options: lump sum pre-payments and monthly prepayment increases.

A lump sum prepayment option means that you have the choice to make a lump sum contribution to what’s left of your principle. The maximum amount you can prepay will usually be given as a percentage of your remaining or initial principle, e.g. 20%. It might be possible to pay more if you pay a penalty.

A monthly payment increase allows you to increase your monthly payments at any time. The higher your monthly payments are the shorter the remaining amortization period. There will also usually be an upper limit on by how much you can increase your payments from their original amount.

What’s the difference between an open or closed mortgage?

The biggest difference between open and closed mortgages comes down to flexibility in how and when you pay off your principal mortgage amount. An open mortgage allows you to make additional payments or pay off the entire principal amount at any time during the mortgage period. The ability to free yourself from your mortgage commitment early comes at the cost of paying a higher rate.

On the other hand, a closed mortgage has fixed payment amounts, schedules, and terms to which you are bound. Some lenders allow you to amortize your principle early if you pay what is called a pre-payment penalty. However, these mortgages come with lower interest rates than open mortgages. An open mortgage can be a good option if you know you are due to receive a large sum of money soon.

Both open and closed mortgages can come in fixed or variable rate mortgages.

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Google Reviews

Certified Mortgage Brokers
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Afton Jaskolski
2020-12-30

Getting a private mortgage was not easy to be honest, but at least with Mr. Leon it was doable. Thank you for your help!

Davin Mills
2020-12-26

There are a lot of mortgage brokers in toronto to choose from, I was a bit intimidated by that. Don't regret I picked CMB, they took the lead and made sure to cover all the bases

Tracy Wilhoite
2020-11-21

I was renting an apartment for a long time and finally decided to take a big step - get a mortgage instead. Team at certified Mortgage Brokers laid out various options for me. The actual process went smooth and quick, happy with my new home.

Ryder Turcotte
2020-11-16

My wife and I decided to refinance our mortgage and started looking for a mortgage broker in Toronto. There were so many options, so you can imagine how overwhelmed we got! After talking to Leon we decided to proceed with Certified, didn't regret that decision once. They always gave useful recommendations, were attentive, and constantly in touch. And most importantly (for us) they helped us to save some money!!

Lucy Zimmerman
2020-11-11

Vita was great. Helped my son with all the paperwork and got him very good interest rate. On the closing date called to follow up if everything went fine. Quite a pleasant experience. I would recommend this firm for anyone who is looking a mortgage broker.

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