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Compare mortgage rates in Kitchener-Waterloo.

Kitchener-Waterloo mortgage rates remain near all-time lows, so now is a great time to apply for a mortgage or renew the one you already have. As a borrower in Kitchener-Waterloo, you’ll have access to some of the lowest mortgage rates in the entire country thanks to intense competition among lenders in the region. The best part is you can compare mortgage rates from over 30 brokers and banks in Kitchener-Waterloo all in one place at LowestRates.ca.

Variable Rates

As low as

1.35%

Fixed Rates

As low as

1.59%

Cha-ching! Our rates are always lower than the posted bank rates.

Current lowest posted bank rate

1.94%

Focus On

Kitchener-Waterloo housing.

Like many other cities in Ontario, the direction of home prices in Kitchener-Waterloo has generally been ‘up’ for the past several years. Tighter mortgage lending rules enacted in 2012 cooled the Kitchener-Waterloo market for a short period, but didn’t have any long-lasting effects on sales activity or prices.

5-year fixed vs. 5-year variable rates in Kitchener-Waterloo

5-year fixed vs. 5-year variable mortgage rates in Ontario

Month	Fixed	Variable
04/20	2.32%	2.71%
05/20	2.07%	2.37%
06/20	2.03%	2.25%
07/20	1.82%	2.03%
08/20	1.78%	1.91%
09/20	1.74%	1.84%
10/20	1.77%	1.84%
11/20	1.74%	1.77%
12/20	1.68%	1.73%

Last Updated: January 1, 2021

Home Prices in Kitchener-Waterloo, Single-Detached

Date	Price
Q1/20	$656,320
Q2/20	$666,626
Q3/20	$725,674

Last Updated: October 9th, 2020

Source: Zolo, Realtor.ca and CREA

About Kitchener-Waterloo.

Kitchener and Waterloo are two cities in the Regional Municipality of Waterloo and along with Cambridge, they comprise the 'tri-cities'. The region offers a unique 'high-tech-cultural-culinary' experience enriched by artists and post-secondary institutions.

The University of Waterloo and Wilfrid Laurier University bring an influx of students into the region throughout the year. Kitchener-Waterloo is a well-known Canadian tech hub with companies like Blackberry, OpenText, and Kik Interactive calling the area home.

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