Toronto Housing Market

Anyone paying attention to the housing market recently has had a roller coaster ride, with historic highs followed by historic drops in value in the span of just three years. Regulations like the Non-Resident Speculation Tax (also known as the Foreign Buyers’ Tax) have been aimed at cooling the red hot market, and have been moderately successful. Toronto still remains a top destination for homebuyers, as prices are expected to increase (albeit slowly) in the following years, and Toronto itself is a very desirable city, as it is seen as the financial, cultural, and entertainment centre of Ontario, if not all of Canada.

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Last Updated: 12 Dec, 2018

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Lender	Rate	Term	Amortization
Meridian Credit Union	2.90%	5 Year, Variable	Insured 25 years	Get Rate favourite compare
Right Mortgage	2.90%	5 Year, Variable	Insured 25 years	Get Rate favourite compare
Right Mortgage	2.90%	5 Year, Variable	Insurable 25 years	Get Rate favourite compare
RMG Mortgage	2.90%	5 Year, Variable	Insured 25 years	Get Rate favourite compare
Lendwise	2.90%	5 Year, Variable	Insured 25 years	Get Rate favourite compare
Lendwise	2.90%	5 Year, Variable	Insurable 25 years	Get Rate favourite compare
MCAP	2.91%	5 Year, Variable	Insurable 25 years	Get Rate favourite compare
RMG Mortgage	2.91%	5 Year, Variable	Insurable 25 years	Get Rate favourite compare
Marathon Mortgage	2.95%	5 Year, Variable	Insured 25 years	Get Rate favourite compare
MCAP	2.95%	5 Year, Variable	Insured 25 years	Get Rate favourite compare
Street Capital	2.95%	5 Year, Variable	Insured 25 years	Get Rate favourite compare
MCAP	2.95%	5 Year, Variable	Insurable 25 years	Get Rate favourite compare
Merix Financial	2.95%	5 Year, Variable	Insured 25 years	Get Rate favourite compare
Merix Financial	2.95%	5 Year, Variable	Insurable 25 years	Get Rate favourite compare
Industrial Alliance	2.95%	5 Year, Variable	Insured 25 years	Get Rate favourite compare
B2B Bank	2.95%	5 Year, Variable	Insured 25 years	Get Rate favourite compare
Industrial Alliance	2.95%	5 Year, Variable	Insurable 25 years	Get Rate favourite compare
Industrial Alliance	2.95%	5 Year, Variable	Insurable 25 years	Get Rate favourite compare
RMG Mortgage	2.95%	5 Year, Variable	Insurable 25 years	Get Rate favourite compare
Lendwise	2.95%	5 Year, Variable	Insurable 25 years	Get Rate favourite compare

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About Toronto

As Ontario’s capital, and one of the most recognizable Canadian cities abroad, Toronto has a well-deserved reputation for being a first-class city. It is the largest city in Canada with a population of 2.7 million, and the fourth-largest city in North America, behind Mexico City, New York City, and Los Angeles.

With a median family income of $68,110, Toronto is the 21st ranked Canadian city by income, showing good, but not great, economic prospects. Home to the Toronto District School Board and Toronto Catholic District School Board, there are many top-rated schools in the city for young students, and with the University of Toronto being the most prominent post-secondary institution, there are many amazing opportunities for continuing education as well.

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