Rate report card · Ontario
5.20% · HELOC · $100,000
Graded Nov 1, 2026
A90/100
0.10 points above the best published HELOC rate in Ontario
5.20% is 0.10 points above the lowest rate listed today (5.10%). On $100,000 that is about $100 more interest over a year on this balance.
vs best today+$100interest over a year on this balance
vs big-bank median−$500negative = you pay less
vs typical+$910negative = you pay less
- A+≤ 5.10%
- Ato 5.20%
- Bto 5.35%
- Cto 5.60%
- Dto 5.95%
- Fover 5.95%
Bands are measured from today's lowest published rate for the same term, type, insurance class and province.
| Yardstick | Rate | Where it comes from |
|---|---|---|
| Your rate | 5.20% | What you entered. |
| Best today | 5.10% | Lowest of 7 home equity line of credit rates listed on WOWA.ca (updated to October 30, 2026). HELOC listings are national, and some lenders, such as credit unions, may not lend in Ontario. Third-lowest 5.20%, median 5.20%. Source |
| Big-bank advertised | 5.70%+ | 5.70% (National Bank), as listed for the same cell. Advertised special rates, not posted rates. |
| Typical (estimated) | 4.29% | Effective rate on new secured personal lines of credit: 4.04% for August 2026 (Bank of Canada), moved +0.25 for market moves since. Estimate. Source |
Mitey's margin note · Strong paper
A strong mark. Spend your energy on the fine print now: prepayment limits and how the penalty is calculated.
- The lowest listed rate can come with conditions: a short rate hold, a quick closing date, a limited-feature product or a stricter penalty. Compare the whole offer, not just the rate.
- The Bank of Canada policy rate moved from 2.25% to 2.50% after August 2026. Prime-linked rates usually move by the same amount, so the benchmark is moved by +0.25 points. This is an estimate.
Educational estimate, not advice or an offer. Best-today figures are the lowest rates published for the same cell; you may not qualify for them. Confirm every rate and term in writing.