# Toronto Mortgage Rates 2026: Live Big 5 & GTA Rates

> Current Toronto mortgage rates from Canada’s Big 5 banks and major challenger lenders. Toronto Municipal Land Transfer Tax math, GTA market context, and first-time buyer rebates. Updated daily.

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

## TL;DR
- Live card as of 2026-10-18: 5-year fixed 4.59% · 3-year fixed 4.54% · 5-year variable 3.49% · Prime 4.45%.
- Toronto buyers pay provincial LTT plus municipal LTT. Lender contract rates are the same national sheet.
- A purchase inside the City of Toronto is the only residential closing in Ontario that stacks two transfer taxes on the same deed. The live table on this page is the national posted-and-discounted sheet — contract coupons do not change at the 416 boundary — but the cash you must bring besides the down payment does.
- Uninsured straight switch at renewal: no prescribed MQR since 21 November 2024. Refinance is always tested.