Best Mortgage Rates Toronto 2025 - Compare 40+ Lenders
Get Toronto's lowest mortgage rates from 40+ top lenders. Compare live rates, calculate payments with Toronto land transfer tax, and save thousands. Licensed Ontario mortgage brokers specializing in GTA market dynamics. Free pre-approval in 2 minutes.
Live Toronto Mortgage Rates - Updated Daily
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Toronto Mortgage Calculator - CMHC Rules 2025
Calculate your monthly payments with current Toronto mortgage rates and official CMHC rules. Includes Toronto land transfer tax, down payment requirements, and CMHC insurance calculations for homes up to $1.5M.
Calculate Your Mortgage Payment
Higher down payments = lower monthly payments & no insurance premiums
Monthly Payment
Principal & Interest
Additional Options (affects CMHC rates)
✓ Conventional Mortgage (20%+ down payment)
No CMHC insurance required - save on premium costs
CMHC Calculation Breakdown
Toronto Real Estate Market Insights 2025
The details that actually affect your mortgage
Average Home Price
TRREB Dec 2024
Down Payment Required
5% on first $500K + 10% remainder
Land Transfer Tax
Provincial + Municipal LTT
First-Time Buyer Rebate
Provincial rebate available
Toronto First-Time Home Buyer Programs 2025
Government programs that could save you thousands
First-Time Home Buyer Incentive
Shared equity loan up to 10% of home price
Eligibility: Household income under $120,000
Ontario Down Payment Assistance
Interest-free loan up to $40,000
Eligibility: First-time buyers in select areas
Toronto Land Transfer Tax Rebate
Up to $4,475 municipal LTT rebate
Eligibility: First-time buyers only
CMHC Insurance
Low down payment options (5% minimum)
Eligibility: Purchase price under $1.5M
Need help navigating Toronto's programs? Our experts know the details.
Toronto Mortgage FAQs - Common Questions
The questions Toronto homebuyers actually ask
Are mortgage rates different across Ontario cities?
No, mortgage rates are the same across Ontario. A 5-year fixed rate in Toronto is the same as in Ottawa or Hamilton. The difference is in qualification requirements due to varying home prices and local market conditions. However, Toronto's high average home price of $1.16M means you'll need larger down payments and higher income to qualify for the same rate.
How much is land transfer tax in Toronto?
Toronto has both provincial and municipal land transfer tax, making it the most expensive in Ontario. For a $1.16M home (Toronto average), you'll pay approximately $36,400 total ($18,200 provincial + $18,200 municipal). First-time buyers can get up to $8,475 in combined rebates ($4,475 municipal + $4,000 provincial), but this still leaves significant costs compared to other GTA cities.
Can I get a mortgage in Toronto with less than 20% down?
Yes, for homes under $1.5M (updated December 2024). You can put down as little as 5% on the first $500k and 10% on the remainder up to $1.5M, but you'll need CMHC mortgage insurance.
CMHC Premium: Ranges from 0.60% to 4.50% of loan amount depending on your down payment size. Premium is added as a one-time fee to your mortgage amount, plus you pay PST (8% in Ontario) on the premium at closing.
Ready for Expert Toronto Mortgage Help?
Our tools give you the details. When you're ready for personalized Toronto guidance, connect with our Licensed Mortgage Agent specializing in the GTA market.