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Best mortgage rates for Toronto on RateSupermarket.ca
If you are looking to search for the best mortgage rates in Toronto, you've come to the
right place. RateSupermarket.ca compares over 55 mortgage lenders and Toronto mortgage
brokers so you'll be sure to find the best mortgage rates in Toronto.
You can either go compare Toronto's current mortgage rates now at,
http://www.ratesupermarket.ca/best_mortgage_rates/Toronto.html, or look at the latest
Toronto mortgage news listed below.
Toronto Mortgage Rates Will Remain Relatively Flat
The Canadian Mortgage and Housing Corporation (CMHC) has reported in their latest
Great Toronto Housing Association Market Outlook that posted mortgage rates eased by

about 50 basis points in the first four months of this year, although rates in late April were 30
to 35 basis points higher than they were 12 months prior. Mortgage rates are expected to
trend marginally lower throughout 2008, but will be within 25-50 basis points of their current
levels.

For 2009, posted mortgage rates will begin to drift up slightly as the year progresses. For
2008 and 2009, the one-year posted mortgage rate is forecast to be in the 6.50- 7.50 per cent
range, while three and five-year posted mortgage rates are forecast to be in the 6.75-7.50 per
cent range.

CMHC Toronto housing market & Toronto mortgage rate forecast
Census Metropolitan
Area

Total
Housing
Starts

MLS
sales

MLS
average
price

Mortgage
rates
(1 year)

Mortgage
rates
(5 year)

Toronto
2007
33,293
95,164
$377,029
7.35%
7.54%
2008 (F)
35,000
84,000
$394,000
6.95%
7.01%
2009(F)
33,600
77,000
$404,000
6.83%
6.97%
Source = CMHC
MLS = Multiple Listings Service
Mortgage lender's and mortgage broker's rates that we compare in Toronto,
Ontario, Canada

RateSupermarket.ca compares the most mortgage rates in Toronto, Canada from the top
lenders including banks, credit unions, trusts, and are also the only site to compare Toronto
mortgage broker's rates.

RateSupermarket.ca compares mortgage rates from the following:

AGF Trust
Alterna Bank
Alterna Savings
Bank of Montreal
Bank of Nova Scotia
Bridgewater Bank
Caisses Desjardins

Canadian Tire Financial
Services
Canadian Western Trust
Cataract Savings & Credit
Union
CIBC Mortgages
Citibank
Citizens Bank of Canada

Comtech Credit Union
Concentra Financial
DUCA Financial Services
Effort Trust
Equitable Trust
First National Financial
FirstLine Mortgages
FirstOntario Credit Union

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