Rates

Source: https://www.truenorthmortgage.ca/rates/ontario

Additional premiums may apply to rental properties, extended amortizations, non-standard properties, and alternative lending options.

5 Year Fixed From 4.09%

Mortgage Term

Rates From

Payments

6 Month Fixed 2.99 % [ 2.99% 5.50% ] $2,368 /mo on $500k

Our Rate Relief product offers the lowest mortgage rate in Canada, giving you six months of reduced payments to help cover closing costs and moving expenses. After six months, you can renew into a competitive long-term rate. If you choose not to renew, a 1% admin fee applies. Available for new purchases and mortgage switches on owner-occupied properties valued under $1M (unless original mortgage default insurance remains valid).

1 Year Fixed 5.49% [ 5.49% – 6.99%] $3,067 /mo on $500k

This exceptional rate is available exclusively for High Ratio purchases and mortgage switches. Enjoy up to 20% lump sum payments per year and the flexibility to increase your payments by up to 20%! It’s a full-featured mortgage with a competitive rate that can be held for up to 120 days.

2 Year Fixed 4.49% [4.49% – 6.19% ] $2,776 /mo on $500k

This exclusive rate is available for High Ratio purchases, offering 20% lump sum payments per year and the flexibility to increase your payments by up to 20%! It’s a full-featured mortgage with a competitive rate that can be held for up to 120 days.

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3 Year Fixed 4.19% [4.19% – 5.79% ] $2,691 /mo on $500k

This exclusive rate is available only for High Ratio deals, allowing 20% lump sum payments per year and the flexibility to increase your payments by up to 20%! It’s a full-featured mortgage with a competitive rate that can be secured for up to 120 days.

4 Year Fixed 4.49% [ 4.49% – 6.84% ] $2,776 /mo on $500k

This competitive rate is available for High Ratio purchases and select Insured transfers. Enjoy 15% lump sum payments per year and the flexibility to increase your payments by up to 15%! It’s a full-featured mortgage with a great rate that can be secured for up to 120 days.

5 Year Fixed 4.09% [ 4.09% – 5.69% ] $2,664 /mo on $500k

This competitive rate is available for High Ratio purchases and select Insured transfers. Enjoy 15% lump sum payments per year and the flexibility to increase your payments by up to 15%! It’s a full-featured mortgage with a great rate that can be secured for up to 120 days.

5 Year Open 4.95% [ 4.95% – 6.50% ] $2,908 /mo on $500k

Our No Commitment mortgage offers Canada’s lowest open-term variable rate, with discounts starting from Prime -0.25%. Enjoy complete flexibility—pay it off, lock it in, break it, or change it—all with no restrictions or penalties. Available as a 5-year ARM for insured and select conventional new purchases and switches on owner-occupied properties only.

Based on Prime @ 5.20%

5 Year Variable 4.35% [ 4.35% – 5.25% ] $2,736 /mo on $500k

While past performance doesn’t guarantee future results, historically, variable rates have saved clients money—and with a rate this exceptionally low, it’s easy to see why!

This exclusive rate is available only for High Ratio Mortgages and applies to both new purchases and select switches. Enjoy a guaranteed rate of Prime -0.85% for your term, plus the flexibility to make extra payments or increase your monthly payments by up to 20% per year!

Best of all, this is a full-featured mortgage with no hidden restrictions—including no bona fide sales clause!

Based on Prime @ 5.20%

If you don’t qualify for our lowest advertised rate, don’t worry—we still have great low-rate options for you! The rates above reflect realistic alternatives if you don’t meet the outlined criteria. Factors like home equity and credit rating may affect your final rate, but at True North Mortgage, we’re dedicated to securing the best possible rate for your unique situation.