# Ontario Mortgage Rates 2026: Live Toronto & GTA Rates

> Current Ontario mortgage rates from Canada’s Big 5 banks and major challenger lenders. Toronto land transfer tax, GTA market context, and Ontario-specific qualifying rules. Updated daily.

Category: Mortgage Rates
Last verified: 2026-08-29
Source: https://ratellow.com/mortgages/rates/ontario

## TL;DR
- Live card as of 2026-08-31: 5-year fixed 4.14% · 3-year fixed 3.94% · 5-year variable 3.49% · Prime 4.45%.
- Ontario PLTT is tiered; Toronto adds a municipal LTT on top. Ottawa and the rest of the province do not.
- Lender contract rates do not vary by province. Closing cost and legal mechanics do.