Mortgage Rates
Be sure to shop around for a good mortgage rate! Whether you choose to go to a bank, credit union or mortgage broker, you may find a special rate. Be sure to get a pre-approval letter before looking at properties. This will keep your rate locked in for a period of time determined by your lender and will help set your budget.
Here's a few banks and credit unions to help with your research:
| CIBC | CIBC Mortgage Rates |
| TD | TD Mortgage Rates |
| RBC | RBC Mortgage Rates |
| BMO | BMO Mortgage Rates |
| Scotiabank | Scotiabank Mortgage Rates |
| Meridian Credit Union | Meridian Mortgage Rates |
| FirstOntario Credit Union | FirstOntario Mortgage Rates |
When the Bank of Canada Rate changes, the Banks follow by updating their mortgage rates. See the Bank of Canada Rate here. As of July 30 2025, the Bank of Canada has remained at 2.75%.
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As of June 5 2024, the Bank of Canada decreases to 4.75%. The first drop since March 2022.
As of January, 2023: There were huge increases since March, 2022 to slow inflation. It hada big effect on the housing market. As rates went up, sales went down. |
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Testimonials
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Tammy, thank you for your patience and thank you for taking the time to understand who we are and what we were looking for. You have listened to our future plans of purchasing a rental unit that would eventually become our retirement place. You went above and beyond to show us great options and made sure that our best interest was represented. Being new to St.Catherines, you helped us even after we purchased our condo and it made us feel welcome even more. We are so glad we met you and got to work with you. Thank you
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- Petra, Toronto
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As a first-time home buyer, I really appreciated the time Tammy spent with me – familiarizing me with the market, the homes and the home buying process in general. Tammy was so knowledgeable on the homes and neighbourhoods in the Niagara Region. It saved me countless hours of searching for the information myself. Her calm and collected approach put me at ease immediately. Tammy was always available for questions and very flexible with scheduling tours. I knew I was in capable hands and would, in time, find the home for me. Sure enough, I did with Tammy's expertise. I would highly recommend Tammy Locke for all your buying and selling real estate needs.
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- Brandon, Fort Erie
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Tammy proved to be the perfect resource for us when we decided to purchase a house in the Niagara region for our Daughter and friends to live in while attending school. Coordinating viewings of different properties that fit our needs saved us from a prolonged search and limited travel as well. When we were ready to make a deal Tammy did an outstanding job following up with every detail involved and making the transaction as smooth as it could be. Tammy expertly dealt with inspectors, repairmen, the listing agent and the vendors on our behalf keeping us well informed of every step. Thanks to Tammy our Daughter and her roommates are loving their new place.
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- Dave and Marney, Hamilton
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Need a great, honest, loyal, go the extra mile agent. Here she is. Tammy's dedication to her clients is the best. She worked effortless when I needed her to sell my condo.
Highly recommend her. Bravo Tammy!!!!!
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- Sari, Toronto
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Tammy went above and beyond to help us find our first home! Any time we wanted to look at a house she always made it happen! In the end we found the perfect home and it's all thanks to Tammy!
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- Bailee, St. Catharines