Rate report card · Ontario
4.39% · insured 5-year fixed · $500,000 · 25-yr amortization
Graded Nov 1, 2026
A92/100
0.05 points above the best published insured 5-year fixed rate in Ontario
4.39% is 0.05 points above the lowest rate listed today (4.34%). On $500,000 that is about $1,196 more interest over the 5-year term.
vs best today+$1,196interest over the 5-year term
vs big-bank median−$14,388negative = you pay less
vs typical+$478negative = you pay less
Monthly payment$2,737$2,723 at the best rate
- A+≤ 4.34%
- Ato 4.44%
- Bto 4.59%
- Cto 4.84%
- Dto 5.19%
- Fover 5.19%
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 | 4.39% | What you entered. |
| Best today | 4.34% | Lowest of 29 insured 5-year fixed rates listed for Ontario on WOWA.ca (listings updated to October 30, 2026). Third-lowest 4.44%, median 4.69%. Source |
| Big-bank advertised | 4.69%+ | 4.69% (National Bank) to 5.39% (TD), as listed for the same cell. Advertised special rates, not posted rates. |
| Typical (estimated) | 4.37% | Effective rate on new insured fixed mortgages, 5 years and over: 4.12% for August 2026 (Bank of Canada), moved +0.25 for market moves since. Estimate. Source |
| Big-bank posted | 6.19% | Posted conventional mortgage rate, 5-year, October 28, 2026 (Bank of Canada). List price; many lenders use it to calculate penalties. |
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 5-year Government of Canada yield moved up 0.25 points between August 2026 (3.33%) and October 29, 2026 (3.58%). Fixed mortgage rates tend to follow these yields, so the benchmark is moved by the same amount. 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.