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%

Oakville mortgage rates

For Oakville homebuyers, we have great news to deliver this year: high home prices continue to be offset by very, very low mortgage rates. In fact, Oakville mortgage rates are near record lows, so now is a great time to apply for a mortgage or renew the one you already have. You can find all the best Oakville mortgage offers right here at LowestRates.ca.

Oakville housing

With GTA home prices surging over the past four years, it’s no surprise that housing in Oakville is becoming more expensive. Low mortgage rates and a thriving local economy are stoking demand across all housing categories in the city and in all neighbourhoods, from Old Oakville to Eastlake to Bronte West. In 2016, Oakville home prices posted staggering gains, averaging $1,032,974 in the third quarter, up by nearly $200,000 from the same time last year.

Average Home Prices in Oakville
Source: TREB
$700k $750k $800k $850k $900k $950k $1,000k $1,050k Q1 2013Q2 2013Q3 2013Q4 2013Q1 2014Q2 2014Q3 2014Q4 2014Q1 2015Q2 2015Q3 2015Q4 2015Q1 2016Q2 2016Q3 2016 $1,032,974

About Oakville

Located along the southern end of Lake Ontario, Oakville is just 35 minutes from downtown Toronto and an hour from Niagara Falls. The residents are generally affluent, well-educated, and younger than the Canadian average, with many commuting into Toronto throughout the work week.

Add it all up and Oakville is undeniably a great place to live, work, and play, which is why the city often ranks at or near the top of the various ‘best places to live in Canada’ rankings that come out each year. In 2016, Oakville was named the third best Canadian city to live in by MoneySense Magazine.

More ways to find a great rate