Current rates, with the full context.

These are the strongest Ontario offers found in Sebastian’s latest lender communications—not anonymous internet teasers. Every rate shows the lender, term, APR context, and key eligibility conditions.

4.45% Prime5.25% BenchmarkContract + 2% Stress test

Insured mortgageBest found

3.99%

3.99% APR¹

3-year fixed

Offered by Scotiabank

Default-insured, owner-occupied mortgage
25- or 30-year amortization at the same promotional rate
Purchase-focused; approval and insurer eligibility required
Mortgage Plus is mandatory under the lender promotion

Scotiabank lender bulletin received August 6, 2026Offer window through August 24, 2026; closing required within 60 days

¹APR equals the stated interest rate where no non-interest borrowing charges apply. Required product or transaction charges, if any, may increase the APR and will be disclosed before commitment.

Conventional mortgageBest found

4.19%

4.19% APR¹

3-year fixed

Offered by Scotiabank

Owner-occupied purchase, switch, or refinance
25- or 30-year amortization at the same promotional rate
Scotiabank and Tangerine refinances, renewals, rentals, and restructures excluded
Mortgage Plus is mandatory under the lender promotion

Scotiabank lender bulletin received August 6, 2026Offer window through August 24, 2026; closing required within 60 days

¹APR equals the stated interest rate where no non-interest borrowing charges apply. Required product or transaction charges, if any, may increase the APR and will be disclosed before commitment.

Private first mortgageBest found

4.99%

8.99% APR²

6-month fully open

Offered by Perch Capital MIC

Up to 75% loan-to-value; refinances and purchases
At least one borrower or guarantor with a 620+ FICO score
2.00% lender fee, with a $3,000 minimum
Rental properties add 0.25% to the interest rate

Perch Capital rate sheet effective July 27, 2026Ontario residential properties in urban areas with populations of 30,000 or more

²Representative APR assumes a $500,000 first mortgage, 6-month interest-only term, 4.99% annual interest and a 2.00% lender fee. Other charges or a different loan amount may change the APR.

How the page is maintained

Fresh offers. Named lenders. No hidden assumptions.

Each week, Sebastian’s lender communications are reviewed for lower Ontario-eligible pricing. An offer is published only when its lender, effective timing, term, and material conditions can be verified.

“Best” means the lowest qualifying interest rate found in the reviewed inbox material for the stated mortgage category. It does not mean every borrower or property will qualify.

Also worth comparing

More current options.

Fixed and variable structures can behave very differently. Private first and second mortgages also carry different fees and risks.

Insured variable

Prime − 0.86%

3.59% current rate

5-year variable · 3.59% APR³

Offered by Meridian Credit Union

Insured purchase with a 25-year amortization. Current rate uses the 4.45% prime rate shown in the same rate sheet.

TMG Deal Centre Ontario insured-purchase rate sheet dated August 10, 2026³APR equals the current variable interest rate where no non-interest borrowing charges apply. The rate and payment may change with prime.

Private second mortgage

8.24%

Urban promotional rate

1-year closed · 10.24% APR⁴

Offered by Magenta Capital

Up to 75% loan-to-value, 650+ beacon for the primary income earner, and a 2.00% lender fee. Rates are subject to change.

Magenta promotion shared July 20, 2026; lender sheet effective January 6, 2026⁴Representative APR assumes a $500,000 second mortgage, 1-year interest-only term, 8.24% annual interest and a 2.00% lender fee. Any brokerage, legal, appraisal or other applicable charges may increase the APR.

Important rate disclosure

A posted rate is a starting point—not an approval.

Rates are subject to change without notice and are available only on approved credit and qualifying properties. Loan-to-value, mortgage purpose, occupancy, location, credit, income, closing date, amortization, insurer rules, and lender policies may affect eligibility and pricing.

APR examples are representative and are provided to make borrowing costs clearer. Your actual APR and total cost of borrowing will be calculated from the specific mortgage amount, term, interest, lender fee, brokerage fee, legal costs, appraisal costs, and other applicable charges before you commit.

Miracle Financial · Mortgage Brokerage FSRA #13766. Sebastian Skibinski, Mortgage Agent Level 1 · Licence #M25003054.

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