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Compare mortgage rates in Burlington.
Mortgage rates in Canada are near record lows right now, and Burlington is no exception. If you’re a homebuyer in Burlington, it’s smart to compare rates at LowestRates.ca — we let you see the best offers from over 30 brokers and banks in the city, together and all in one place.
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Burlington housing.
If you think home prices in Burlington have surged over the past couple years, that’s because they have. Average prices of homes in the Greater Toronto Area have consistently one up for the past few years, and this trend seems to be here to stay. Affluent neighbourhoods like Shoreacres, Orchard, Tyandaga, and Roseland have shown particularly strong price increases.
Mortgage rates in Ontario have gone down over the past year, meaning that no matter whether you decide to go with a fixed or variable rate, you’ll be getting a great deal.
5-year fixed vs. 5-year variable rates in Burlington
Home Prices
5-year fixed vs. 5-year variable rates in Burlington
| Month | Fixed Rate | Variable Rate |
|---|---|---|
| 08/19 | 2.33% | 2.64% |
| 09/19 | 2.42% | 2.64% |
| 10/19 | 2.28% | 2.67% |
| 11/19 | 2.40% | 2.69% |
| 12/19 | 2.53% | 2.70% |
| 01/20 | 2.43% | 2.68% |
| 02/20 | 2.32% | 2.13% |
| 03/20 | 2.68% | 2.27% |
| 04/20 | 2.35% | 2.07% |
| 05/20 | 2.22% | 2.01% |
| 06/20 | 2.01% | 1.81% |
| 07/20 | 1.89% | 1.77% |
Last Updated: October 9th, 2020
About Burlington.
Burlington is home to more than 175,000 people, according to the most recent census. At the western end of Lake Ontario, the city boasts a vibrant waterfront and some of the region’s best attractions, including Canada's Largest Ribfest and the Sound of Music Festival.
The climate in Burlington is pretty good too, thanks to the tempering effect of the lake and the Niagara Escarpment. Add in a charming downtown, and a strong job market and it’s little wonder why Burlington ranked #2 in MoneySense Magazine’s “Best Places to Live 2016” city comparison.
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