Mortgage Rates in Brampton, ON
Compare live mortgage rates from 50+ lenders serving Brampton. Free quotes from licensed ON mortgage brokers — no credit check required.
Current Best Rate
4.89%
5-Year Fixed
Avg Home Price
$820,000
Market
Balanced MarketGet Brampton Mortgage Quotes
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Current Brampton Mortgage Rates
| Rate Type | Best Rate |
|---|---|
| 5-Year Fixed | 4.89% |
| 5-Year Variable | 5.45% |
| 3-Year Fixed | 4.74% |
| 2-Year Fixed | 5.10% |
| 1-Year Fixed | 5.65% |
| HELOC | 6.20% |
*Based on $820,000 home price, 20% down ($656,000 mortgage), 25-year amortization, Canadian semi-annual compounding. Last updated: May 25, 2026. Best rates available to qualified borrowers with 20%+ down payment.
The Brampton Mortgage Market
Brampton's mortgage market offers some of the GTA's best value for detached home buyers, with average prices of $820,000 providing access to ground-level housing at prices well below Toronto and Mississauga. At current 5-year fixed rates of 4.89%, a Brampton buyer with 20% down pays approximately $3,836/month — qualifying on a household income of approximately $135,000.
Brampton buyers pay Ontario's provincial land transfer tax only (no municipal LTT), with first-time buyer rebates up to $4,000 helping offset closing costs. Brampton is one of Canada's most diverse and fastest-growing cities, with a young demographic profile and strong demand from first-time buyers and new Canadians purchasing their first Canadian home.
The city's proximity to Toronto Pearson International Airport makes it attractive for airline and logistics sector workers. Brampton is also home to a growing number of large logistics and distribution centres, supporting blue-collar employment alongside its professional services sector.
Townhouses in communities like Springdale, Heart Lake, and Sandalwood represent Brampton's most affordable entry points in the $700,000–$780,000 range, while newer communities in north Brampton offer modern detached homes around $900,000. The proposed Hurontario LRT extension into Brampton will further connect the city to Mississauga and is expected to support long-term appreciation along the corridor.