Home / Mortgages / Mortgage Rates

Today's Mortgage Rates1

Explore our mortgage solutions from closed or open mortgages with fixed or variable rate options to find the right mortgage rate for you. Understanding mortgage interest rates and Annual Percentage Rate (APR) can be helpful for saving in the long term.


TD Special Mortgage Rates

Term

3 Year Fixed Closed

%
(Posted Rate: %)

%

5 Year Fixed Closed

%
(Posted Rate: %)

%

5 Year Fixed Closed High-Ratio4

%
(Posted Rate: %)

%

5 Year Variable Closed5

(TD Mortgage Prime Rate
%)
(Posted Rate: TD Mortgage Prime Rate)

%

TD Mortgage Prime Rate is %

TD Mortgage Direct

Looking for tailored advice ASAP? Simply answer a few questions and TD Mortgage Direct will quickly match you with a Mortgage Specialist.

A TD Mortgage Specialist can help you:

  • Understand fixed vs variable rate options and choose what works for you.
  • Find a rate that works for you and switch to TD from another financial institution.

See how your mortgage rate impacts home affordability


Why get a TD Mortgage?

  • Fast access to personalized advice

    Looking for tailored advice ASAP? Simply answer a few questions and TD Mortgage Direct will quickly match you with a Mortgage Specialist.


  • Speed up or slow down your payments

    Pay up to 15% of the principal amount on a closed mortgage annually, or 100% on an open mortgage, without prepayment charges. Or request to skip the equivalent of one monthly payment if needed7. Learn more about TD's Flexible Mortgage Payment Features.


  • Competitive rates

    We offer a range of mortgage options at competitive rates and with a pre-approved mortgage, we can hold your rate for 120 days8.

Get comfort knowing your interest rate won't increase over the term you select.

A fixed rate mortgage offers stability, and with it, peace of mind. Once you’ve selected your term, you can be assured your interest rate won't change for that period of time.

You can choose the term length: 6 month, 1, 2, 3, 4, 5, 6, 7 or 10 years. 

Term

Rate6

6 Month Convertible Mortgage

Posted rate: %
APR 3: %

1 Year Open Mortgage

Posted rate: %
APR 3:

1 Year Fixed Closed

Posted rate: %
APR 3%

2 Year Fixed Closed

Posted rate: %
APR 3: %

3 Year Fixed Closed

Posted rate: %
Special Rate 2: %

APR 3: %

4 Year Fixed Closed

Posted rate: %
APR 3: %

5 Year Fixed Closed

Posted rate: %
Special Rate 2: %
APR 3: %

6 Year Fixed Closed

Posted rate: %
APR 3: %

7 Year Fixed Closed

Posted rate: %
APR 3: %

10 Year Fixed Closed

Posted rate: %
APR 3: %

A TD variable interest rate mortgage means the rate of interest is based on the TD Mortgage Prime Rate, which can go up and down over the term of a mortgage loan.

Term

Rate

5 Year Variable Closed Mortgage

Posted Rate: (TD Mortgage Prime Rate: %)

Special Rate 2: % (TD Mortgage Prime Rate %)

APR 3: %

5 Year Variable Open Mortgage

Posted Rate: % (TD Mortgage Prime Rate % %)
APR 3: %

A HELOC is an alternative to a mortgage. You get the option to borrow only what you need, as you need it. Plus, as it is secured by your real estate, you may get the benefit of an interest rate that is lower when compared to unsecured credit interest rates.

TD Home Equity FlexLine is a way to use your most powerful borrowing tool – your home. As you pay back the amount you owe, the amount of credit available to you increases until it reaches your credit limit. It’s available when you need it, through a variety of convenient options, 24/79.


Mortgage interest rates FAQs

Annual Percentage Rate (APR) is the cost of borrowing expressed as a percentage. It includes interest and applicable fees (for example property valuation fees). The APR is not the rate used to calculate your regular payments.


A fixed interest rate means your interest rate, along with your principal and interest payments, will stay exactly the same during your mortgage term.

With a variable interest rate, your interest rate can fluctuate based on changes in our TD Mortgage Prime Rate. While your payments will remain the same, the amounts from each payment that go toward the principal and interest can vary10.

It's important to take a closer look at the differences between fixed and variable interest rates before you make a decision.


A mortgage rate hold is the locking in of a specified mortgage rate for a set period of time. This only applies to fixed rate mortgages, since the interest rate of variable rate mortgages can fluctuate.

Once you have a TD Mortgage Pre-Approval, you get a 120-day rate hold which holds the interest rate on your pre-approval term for up to 120 days subject to all the conditions, even if interest rates go up.

Related articles


Other ways to connect

  • TD Mortgage Direct

    Answer a few questions and we'll call you to match you with a TD Mortgage Specialist.

  • Book an appointment

    Visit a branch at a time that's convenient for you.

Find a rate that works for you

Find a rate that works for you