3.9%
Lowest Rate
$880,000
Avg Home Price
2 min
Quick Pre-Approval
30+
Lenders Compared
Ontario Mortgage Market Overview
Buying Costs
Land Transfer Tax:0.5% - 2.5% (plus Toronto municipal tax)
First-Time Buyer Rebate:Up to $4,000 provincial rebate
Population:15.8 million
Key Facts
- Largest real estate market in Canada
- Toronto has additional municipal land transfer tax
- First-Time Home Buyer Incentive available
- Highest average auto insurance rates in Canada
Why Compare Mortgage Rates in Ontario with RateView?
Access to 30+ banks and lenders in one place
No impact to your credit score for pre-approval
Expert mortgage specialists familiar with Ontario market
Save thousands with our best rate guarantee
Free, no-obligation quotes in minutes
Understanding of Ontario-specific programs and incentives
Frequently Asked Questions About Ontario Mortgages
What is the average home price in Ontario?
The average home price in Ontario is approximately $880,000. Prices vary significantly by city, with Toronto typically having higher prices than other areas.
What is the land transfer tax in Ontario?
Ontario has a land transfer tax of 0.5% - 2.5% (plus Toronto municipal tax). First-time buyers may be eligible for: Up to $4,000 provincial rebate.
How do I get the best mortgage rate in Ontario?
To get the best rate, compare multiple lenders, maintain a good credit score (680+), have a stable income, and consider making a larger down payment. RateView helps you compare 30+ lenders instantly.