Compare Mississauga mortgage interest rates from top lenders & save on your mortgage

Photo of houses in a neighbourhood
Rates Updated:   Sunday March 24, 2019 12:35PM
Featured Companies
TD logo RBC logo BMO logo National Bank logo mbna logo Scotiabank logo Tangerine logo AMEX logo True north mortgages logo Sigma Mortgages logo Mortgage Pal logo Verico logo Mortgages

Mississauga is a popular location for people who are looking for homes in Canada and for good reasons. People's interest in this area is so high thanks to its proximity to Toronto. As a result, the population in Mississauga grows every year. Use these tips to find the best mortgage rates in Canada.

Before you can find the best mortgage rates in any area, you have to understand the real estate market of that area. It is no different for Mississauga. Without fully understanding the market, you will never know if you are getting a good rate or not.

Mississauga is already an extremely popular location, so rates tend to be on the higher side. The population of this area is more than 700,000, which makes it the sixth most populated area in all of Canada. Once again, the popularity of the area is due to its location to Toronto, and it is Canada's 11th best city in terms of prosperity. Even fDI Magazine listed the city fourth on its list of Large Cities of the Future. Thus, this is an up-and-coming area, and a lot of people are looking to get in on the ground level.

A lot of people are looking to move to Mississauga because that is where a lot of work is heading. There are already 60 different Fortune 500 companies that base both their Canadian and Global headquarters in Mississauga. This means there is a strong demand for workers to move to this area. Some of these companies include Microsoft Canada, CitiBank Canada and Hewlett Packard. With more companies looking to base their operations out of Canada, expect to see this market continue to rise in the foreseeable future. That being said, most Canadian banks are still offering low interest rates.

Busy Months for Mortgages in Mississauga
Every city has a busy and low time each year when it comes to the number of mortgage applications that the banks receive. For Mississauga, the busiest time to put in a mortgage application is in the first quarter of the year. Those who are looking for the best rates in Mississauga will do well to put in their mortgage application during the fourth quarter, when application volume is at its yearly low.

To get an even better rate, homeowners can break down their time to submit an application even further. Banks in Mississauga say that they typically receive most of their applications on Mondays and Tuesdays. The best days to do it are Fridays and Saturdays, with Saturdays seeing the least amount of applications submitted.

As with all information that is based on mortgage rates, it is subject to change at any time. However, these are great stats to go by on average. Consumers should also make sure that they shop around and talk to different banks about their mortgage rates, rather than only contact the establishment with which they currently bank. Also, pay attention to specials that banks may be having. These typically occur during the months when banks receive less applications.
Mortgage Calculators
Try out our interactive mortgage calculators to explore different payment options, determine how much you can afford to borrow, compare refinancing options, calculate pre-payment penalties, explore the rent vs. buy decision, calculate land transfer taxes and much more.
Mortgage Guides
Thumbnail image of guide
Mortgage vs. HELOC
Thumbnail image of guide
Closing Costs
Thumbnail image of guide
Mortgage Payment Frequency
Thumbnail image of guide
Fixed Vs. Variable Mortgage Rates
Thumbnail image of guide
Mortgage Term
Thumbnail image of guide
Obtaining Or Renewing A Mortgage
Thumbnail image of guide
Open vs. Closed Mortgage
Thumbnail image of guide
Mortgage Renewal Facts
Thumbnail image of guide
Mortgage Approval Process
Thumbnail image of guide
First Time Home Buyers
Thumbnail image of guide
Land Transfer Tax
Thumbnail image of guide
Shop Before You Renew
Thumbnail image of guide
Renting Or Buying A House
Thumbnail image of guide
Mortgage Down Payment
Thumbnail image of guide
How To Buy a Mortgage in Canada
Thumbnail image of guide
Mortgage Refinancing
Thumbnail image of guide
Mortgage Default Insurance
Thumbnail image of guide
Mortgage Prepayment Options
Thumbnail image of guide
Mortgage Amortization
Stay On Top of Your Finances
Sign up to subscribe to our newsletter, receive alerts when rates change or schedule a reminder prior to the renewal of your insurance policy and/or mortgage
Are there any fees associated with comparing rates on
Comparing rates on is absolutely free! We get paid by the brokers and financial services companies we work with so our service always remains free for the consumer.
What products can I compare on
Currently you can compare car insurance quotes, mortgage rates and credit card offers.
What provinces is available in?
Car insurance is currently only available to Ontario & Alberta residents. Mortgages and credit cards are available across Canada.
How will the information I provide on the site be used?
Any information that you provide on will only be transferred to the financial services provider who you've chosen to share it with in order to fulfil your request. We will not sell your information to any third parties without your consent.
Is a broker? is not a broker and is not affiliated with any particular financial services company. This allows us to take an objective/un-biased position in helping you compare products on our site.
How does make money?
We get compensated by insurance and mortgage brokers for referrals we send to them and by credit card issuers for approved credit card applications originating from our site. We only send referrals to our partners when you indicate that you want to be contacted by them. We do not sell your information to third parties without your consent.
How do I change my email address?
If you're subscribed to one of our services you can change your email on the Subscriptions page. Every one of our emails also contains a link at the bottom to edit your subscription and change your email. Lastly, you can send an email to [email protected] to request the change.
Does it matter what browser I use to access is compatible across all browsers and devices. If you do however spot an issue using a particular browser/device please notify us by emailing [email protected]
How do I change my subscription preferences?
Simply click on "Edit Existing Subscriptions" at the top of the Subscriptions page. You will be promoted to enter your email and check your inbox for an email from us containing a link to edit your current subscriptions. Every email also contains this link at the bottom. You will be able to change your subscriptions as well as unsubscribe. You may also email [email protected] to request any changes to your subscriptions.
How do I contact
You may contact us via email at [email protected] or call 1-844-726-0907., 360 Adelaide Street West, Suite 100, Toronto, ON M5V 1R7, Canada
© 2018 All Rights Reserved.