Ontario mortgage rate report: October 2026
What 94 lenders published on their own pages, as of October 13, 2026: 1,149 rates across 843 products. Every figure is a published rate in the lender's own wording, not a quote, a forecast or a recommendation.
What moved at the October 12, 2026 check
At the scheduled check on October 12, 2026, 116 published figures from 24 lenders had changed since the previous check: 85 went up (median +0.15 points) and 31 went down (median −0.05 points).
Fixed rates did most of the moving: 57 of the 61 fixed-rate figures that changed went up. All 18 changed 5-year fixed figures went up.
| Lender and product | Was | Now | Change |
|---|---|---|---|
| Antrim InvestmentsResidential First Mortgage — Open · up to 75% LTV | 7.95% | 6.95% | −1.00 points |
| Motor City Community Credit Union4 Year Fixed Mortgage | 5.19% 4-year fixed | 5.99% 4-year fixed | +0.80 points |
| Motor City Community Credit Union1 Year Fixed Mortgage | 5.39% 1-year fixed | 4.99% 1-year fixed | −0.40 points |
| Equitable Bank5 Year Standard Mortgage Closed | 5.24% interest · 5.771% APR | 5.59% interest · 6.112% APR | +0.35 points |
| Alterna Bank3 Year Smart Start High-Ratio Fixed Closed | 4.29% interest · 4.35% APR | 4.59% interest · 4.65% APR | +0.30 points |
| Alterna Savings5 Year Signature Fixed Closed · up to 80% LTV | 4.74% interest · 4.78% APR | 5.04% interest · 5.08% APR | +0.30 points |
Lowest published rate by search
The lowest is the smallest published figure for that search, from a single pricing row; “half are at or below” is the middle figure among the products that publish a rate as a number.
| Search | Products | Lowest published | Half at or below |
|---|---|---|---|
| 5-year fixed | 98 from 53 | 4.09% 5-year new-money conventional fixed specialOshawa Community Credit Union | 4.80% |
| 5-year variable | 62 from 36 | 3.41% 5-year insured variablenesto | 4.15% |
| 3-year fixed | 81 from 49 | 3.99% 3-year insured closed specialBAY Credit Union | 4.69% |
| 1-year fixed | 87 from 48 | 3.49% 1-year fixed specialPenFinancial Credit Union | 5.99% |
| Second mortgage | 83 from 28 | 4.79%DUCA Credit Union | 8.99% |
| HELOC | 10 from 8 | 4.95% · Prime + 0.50%B2B Bank | 4.95% |
| Alternative lending | 23 from 7 | CMLS Prime + 0.39% (4.84%)CMLS Financial | 6.29% |
| Private mortgage | 86 from 21 | 5.35%Three Point Capital | 8.00% |
| Reverse mortgage | 8 from 2 | 6.33%Bloom Finance | 6.69% |
| Construction | 4 from 2 | From 8.99%Richview Capital MIC | 9.99% |
| Open mortgage | 98 from 42 | THINK Prime − 0.25% · 4.20% at current 4.45% primeTHINK Financial | 8.00% |
| Credit unions | 398 from 37 | 3.44% · Prime − 1.01%Meridian Credit Union | 5.10% |
Credit unions, banks and other lenders
The middle published figure among each type's products in a search. Insured and conventional rates are mixed, and some groups are small, so read a gap of a few hundredths of a point as no difference.
| Lender type | Median |
|---|---|
| Credit unions66 products · lowest 4.09% | 4.79% |
| Banks and trust companies12 products · lowest 4.20% | 4.84% |
| Other lenders12 products · lowest 4.44% | 4.69% |
| Lender type | Median |
|---|---|
| Credit unions53 products · lowest 3.99% | 4.69% |
| Banks and trust companies10 products · lowest 4.15% | 4.94% |
| Other lenders12 products · lowest 4.39% | 4.84% |
| Lender type | Median |
|---|---|
| Credit unions25 products · lowest 3.44% | 4.15% |
| Banks and trust companies22 products · lowest 3.60% | 4.10% |
| Other lenders6 products · lowest 3.41% | 4.10% |
How these figures were collected
Each lender's public rate page is checked every Monday and Thursday. A change is published only after the figure is read from the lender's own page, and changes that look unusual are checked by hand before they go live. Each record on this site links to its source and shows when it was last checked.
A rate published only as a formula, such as Prime − 0.95%, or only as an APR is counted but left out of the medians and the “half at or below” figures, because this site does not convert one into the other. A lender is grouped by the type stated in its profile.
This report is a snapshot and its figures will not change. The live rates are in the directory, which is updated after every check. To cite it: Open Mortgage Rates, Ontario mortgage rate report: October 2026, https://openmortgagerates.ca/reports/2026-10.