What Was The Lowest Mortgage Rate In 2022

The mortgage rates in Ontario Canada today are remarkably low. The common five-year closed mortgage rates ontario canada today rate is just over 5 percent. Many lending institutions offer rates in the three- to four-percent range, rendering it possible to secure a mortgage with a low monthly payment and excellent interest rates. Purchasing a property now is an excellent method to lock in years of interest savings and live comfortably in the area. While prices are rising in a few regions of the province, the mortgage rates in Ontario today are still very competitive.