Mortgage Rates

The Mortgage Advisors team's mission is to provide personalized service and help you secure the most competitive mortgage rates, favourable terms, and flexible options that best suit your unique situation. We want to ensure your mortgage fits seamlessly into your budget, which is why we can find the perfect conventional or high-ratio rates to meet your needs.

Our High-Ratio
Ratesheader decoration

High-ratio mortgage rates in Canada allow you to make a down payment of less than 20%. Explore our rates compared to the banks and discover how much you could potentially save:

Bank Posted Rates Term Our Best Rates
7.35% Variable 6.25%
7.84% 1 Year Closed 6.74%
7.34% 2 Year Closed 5.39%
6.99% 3 Year Closed 5.04%
6.79% 4 Year Closed 5.14%
6.84% 5 Year Closed 4.89%
7.10% 7 Year Closed 5.70%
7.25% 10 Year Closed 6.10%

Find Your Best Mortgage Solution

Learn more about how you can make your mortgage work for you:

Use Our Mortgage Calculator

Fixed Rates

Fixed rates offer stability and predictability. When you opt for this type of mortgage, your interest rate remains the same for the entire duration of your loan term. This means that when there are fluctuations in the market, your monthly payments will not change. Fixed rates are perfect for those wanting to maintain complete control of their expenses and want long-term stability.

Variable Rates

Variable and adjustable rates provide flexibility and potential savings. They fluctuate based on changes in the market and the benchmark interest rate set by the Bank of Canada. This means that your monthly interest payments may start low and rise or drop throughout the term of your loan, with the possibility of taking advantage of more savings.

Frequently Asked
Questionsheader decoration

Have questions about mortgage rates in the Ottawa area? We have answers!

Mortgage rates are the interest rates (expressed as a percentage) lenders charge on home loans. They represent the cost of borrowing money. When you secure a mortgage, the lender applies an interest rate to your borrowed principal amount. If you have a fixed-rate mortgage, your monthly payments will remain constant over the loan term. On the other hand, your monthly payments will vary depending on the market if you have an adjustable or variable rate mortgage.

Various factors influence current mortgage rates, including changes in bond yields and prime rates. Lenders consider several key elements when setting their rates, including the economic climate and central bank decisions. Other factors affecting the mortgage rate include your personal financial situation, credit scores, mortgage type and term, and even the property’s location.

Conventional rates involve putting at least 20% down on your property purchase, which means borrowing less than 80% of the home’s value. On the other hand, a high-ratio mortgage allows you to purchase a property with a down payment of as little as 5% and borrow more than 80% of the value of your home. Since high-ratio mortgages involve borrowing more money, you’ll require mortgage loan insurance through the Canada Mortgage and Housing Corporation (CMHC), Sagen, or Canada Guaranty. This insurance protects the lender in case of default. Because they are insured, high-ratio mortgages often offer lower rates than conventional ones.

Choosing between a fixed-rate and variable-rate mortgage depends on your risk tolerance, goals, and preferences. If you like the sounds of stability and consistent monthly payments, fixed-rate mortgages can provide peace of mind and easier budgeting. On the other hand, variable-rate mortgages may start with a lower rate and offer potential savings if interest rates decrease. Keep in mind that there is greater risk with variable-rate mortgages — if interest rates increase, so will your monthly payments.

No matter your financial situation, there’s a mortgage solution for you. The best way to get an ideal rate for your unique circumstances is to consult the Mortgage Advisors. We can leverage our expertise and research to find the rates and terms that best meet your financial needs and goals.

The Benefits of

With Usheader decoration

From unmatched expertise to personalized solutions, the Mortgage Advisors team is here to do the heavy lifting so you don’t have to!


Experienced Team

With years of experience under our belts, you can have peace of mind knowing that we know the ins and outs of this industry, can connect you with various lenders, and find you the most favourable terms, no matter your situation — trust us, we’ve met and helped all kinds of borrowers!


Unmatched Solutions

We’ve built strong connections with various lenders in the area, which means that, combined with our expertise, we can track down rates that fit like a glove with your needs and future goals.


Helpful Resources

We understand that the world of mortgages can be confusing. That’s why we’re here to simplify the jargon and make the process more accessible.


Easy Application

When you’re ready to take the step, we make our application process easy and stress-free — it’s all part of our ploy to help you get the mortgage you need!

The mortgage rates are subject to change without prior notice due to various reasons, such as special promotions, eligibility criteria, market conditions, and lender policies. We recommend that you speak with a qualified mortgage professional to determine the current rates and terms that apply to your specific financial situation.

Ready to Unlock the Home of 
Your Dreams?

Getting a mortgage doesn’t have to be complicated. If you have questions or are ready to begin the quest to find your ideal rates, fill out the form below, and we’ll be happy to help you along this journey:

Contact Form

"*" indicates required fields