Compare the best mortgage rates in Kitchener-Waterloo. Show off your savvy.

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Best Variable Rate
Dash Mortgage

Dash Mortgage

Term 5 Year
Type Variable Closed
Rate 2.69%
Best Fixed Rate
Dash Mortgage

Dash Mortgage

Term 5 Year
Type Fixed Closed
Rate 2.34%
Hatch Online Mortgages

Hatch Online Mortgages

Term 5 Year
Type Fixed Closed
Rate 2.34%
CanWise Financial

CanWise Financial

Term 5 Year
Type Fixed Closed
Rate 2.39%
Hatch Online Mortgages

Hatch Online Mortgages

Term 3 Year
Type Fixed Closed
Rate 2.64%
Dash Mortgage

Dash Mortgage

Term 3 Year
Type Fixed Closed
Rate 2.69%
BMO Bank of Montreal

BMO Bank of Montreal

Term 5 Year
Type Fixed Closed
Rate 2.87%
CMLS

CMLS

Term 5 Year
Type Fixed Closed
Rate 3.09%
Dash Mortgage

Dash Mortgage

Term 2 Year
Type Fixed Closed
Rate 2.69%

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.

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.

Average Home Prices in Kitchener-Waterloo.

DateHome Prices
Jan-14$330,406
Mar-14$327,405
May-14$336,677
Jul-14$337,800
Sep-14$344,646
Nov-14$334,525
Jan-15$329,298
Mar-15$353,293
May-15$342,499
Jul-15$344,920
Sep-15$348,695
Nov-15$361,318
Jan-16$360,792
Mar-16$369,179
May-16$376,000
Jul-16$380,000
Sep-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

YearPrice
2011$394,169
2012$434,415
2013$481,687
2014$455,683
2015$462,000
2016 (F)$468,000

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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