Best Variable Rate
Dash Mortgage

Dash Mortgage

Term 5 Year
Type Variable Closed
Rate 2.58%
Best Fixed Rate
Sigma Mortgage

Sigma Mortgage

Term 5 Year
Type Fixed Closed
Rate 3.33%
Hatch Online Mortgages

Hatch Online Mortgages

Term 5 Year
Type Variable Closed
Rate 2.60%
Sigma Mortgage

Sigma Mortgage

Term 5 Year
Type Variable Closed
Rate 2.64%
True North Mortgage

True North Mortgage

Term 5 Year
Type Variable Closed
Rate 2.65%
CanWise Financial

CanWise Financial

Term 5 Year
Type Variable Closed
Rate 2.65%
Hatch Online Mortgages

Hatch Online Mortgages

Term 5 Year
Type Fixed Closed
Rate 3.34%
CanWise Financial

CanWise Financial

Term 5 Year
Type Fixed Closed
Rate 3.39%
The Mortgage Leaders

The Mortgage Leaders

Term 5 Year
Type Fixed Closed
Rate 3.39%

Burlington mortgage rates

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.

Burlington housing

If you think home prices in Burlington have surged over the past couple years, that’s because they have. Average prices are up nearly $150,000 since 2014, and now hover right around $700,000. Affluent neighbourhoods like Shoreacres, Orchard, Tyandaga, and Roseland have shown particularly strong price increases.

The Burlington economy continues to impress, which may lead to house price gains in 2017 if mortgage rates stay low.

Average Home Prices in Burlington
Source: TREB
$400k $600k $800k Q1 2013Q2 2013Q3 2013Q4 2013Q1 2014Q2 2014Q3 2014Q4 2014Q1 2015Q2 2015Q3 2015Q4 2015Q1 2016Q2 2016Q3 2016 $701,573

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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