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%

Kitchener-Waterloo mortgage rates

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.

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.

Average Home Prices in Kitchener-Waterloo
Source: CMHC
$300k $350k $400k Jan-14Mar-14May-14Jul-14Sep-14Nov-14Jan-15Mar-15May-15Jul-15Sep-15Nov-15Jan-16Mar-16May-16Jul-16Sep-16 $400,000

As new home prices in Kitchener-Waterloo continue to rise, many households are choosing to renovate rather than buy. A shortage of building lots along with strong demand means builders can charge a premium for their limited inventory. The average price of a new, single-detached home in Kitchener-Waterloo is now just over $460,000.

New Home Prices in Kitchener-Waterloo, Single-Detached
Source: CMHC
$0k $200k $400k $600k 2011 2012 2013 2014 2015 2016 (F)

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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