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The Best Variable Mortgage Rates in Ontario

The maximum savings can be achieved with a long term variable mortgage rate.

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Compare Rates from 30+ Canadian Mortgage Brokers & Lenders

Simplii Financial
RBC Royal Bank
TD Canada Trust
BMO Bank of Montreal
True North

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To get started, tell us a bit about your location and borrowing needs - and we'll do the rest! Your personalized results will include the best rates from lenders and mortgage brokers, right in your region. Simply pick a product you like, and we'll put you in touch for more info by email, website or phone - no obligation or purchase required.

The Lowest Rate We've Got

Variable rates are generally lower than fixed rates, and long term variable rates are generally lower than short term. Therefore our best five year variable fixed rate is most likely the lowest rate on the market.

But There's a Catch ...

When you agree to a closed mortgage you must abide by the conditions of the mortgage or pay a penalty for breaking it. And unlike fixed rates, variable rates may change depending on market fluctuations. You may end up saving even more than you expected, or paying much more than you intended. A lot can change in five years.

Find the Lowest Rate, Period

If you want the absolute lowest rate, chances are you won't find it with a bank. That's why RateSupermarket also compares the rates of mortgage brokers, credit unions and specialty lenders.

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Your Top Mortgage Questions Answered

Whether you’re a First Time Home Buyer or buying your second, third or fourth home, it pays to compare mortgage rates with Ratesupermarket.ca.

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