Find the best mortgage rate in Kingston
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Best Kingston mortgage rates
The rate table shows 5-year fixed mortgage rates in Kingston. To compare other rate types and terms, click on the filters icon beside the down payment percentage.
As of:
Kingston mortgage rates: FAQ
What is the best mortgage rate in Kingston right now?
As of today, October 8, 2025, the best fixed Kingston mortgage rate is 3.89% and the best variable Kingston mortgage rate is 3.7%.
To see the best mortgage rates in Kingston for multiple types and terms, be sure to use our rate table above. It’s updated automatically throughout the day to reflect any rate changes, ensuring that you’re always seeing the most current mortgage rates in Kingston.
What bank offers the best mortgage rates in Kingston?
As of September 19, 2025, among the Big 5 Banks, CIBC offers the best 5-year fixed mortgage rate at 4.19% and Scotiabank has the most competitive 5-year variable mortgage rate at 4.10%.
While these are the lowest big bank rates currently available, they are not the best mortgage rates in Kingston that you can find. You’ll get the best rate by shopping around - our rate table above makes this easy by displaying the best rates from a wide range of providers in multiple types and terms. It’s updated regularly over the course of the day, so you know you’re always looking at the most current mortgage rates in Kingston.
Will mortgage rates continue to go down in 2025?
After raising its overnight rate from 0.25% to 5.00% between 2022 and 2023 to fight inflation, the Bank of Canada shifted direction in 2024. Between June 2024 and March 2025, it cut rates seven times, lowering the overnight rate to 2.75%. The Bank then paused with three consecutive holds, before cutting the rate again in September 2025 to 2.50%. This has brought the prime rate down to 4.70%, reducing borrowing costs for variable-rate mortgages, HELOCs, and other prime-linked loans.
Further cuts remain possible before the end of 2025, but the Bank has emphasized it will move cautiously, weighing weak economic growth against the risk of inflation flaring back up. If cuts continue, variable mortgage rates could fall further, offering additional relief for borrowers.
Fixed mortgage rates, meanwhile, are guided by Government of Canada bond yields rather than directly by the BoC’s policy rate. After climbing above 3% earlier in the summer, five-year bond yields have since eased into the 2.6%-2.7% range. Lenders have responded by lowering fixed offerings, with the lowest five-year fixed rate now around 3.94%. Fixed rates could move lower if yields continue to decline, but the future depends on inflation pressures and global trade disruptions.
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Compare current mortgage rates across the Big 5 Banks and top Canadian lenders. Take 2 minutes to answer a few questions and discover the lowest rates available to you.
Getting the best mortgage rates in Kingston

Jamie David, Sr. Director of Marketing and Mortgages
As one of the major population centres in the Greater Toronto Area, Kingston has a strong real estate and mortgage market. This is good news for Kingston home buyers because it gives you access to a wide range of mortgage products and mortgage rates, while still reaping the benefit of lower home prices than Downtown Toronto.
Below we've laid out some of the things you should consider before looking for a mortgage in Kingston. When you're ready, you can compare personalized quotes for mortgage rates in Kingston with the tools at the top of this page.
Best mortgage rates in Kingston +
Rates updated:
Rate | Term | Type | Provider |
---|---|---|---|
3.69% | 3 years | Fixed | Big 6 Bank |
3.89% | 5 years | Fixed | Canadian Lender |
4.24% | 4 years | Fixed | Big 6 Bank |
4.44% | 2 years | Fixed | Canadian Lender |
4.84% | 7 years | Fixed | Desjardins |
Comparing the best mortgage rates in Kingston
The comparison tables at the top of this page list the best mortgage rates available in Kingston, up to the minute. Comparing rates between multiple providers and mortgage brokers is the best thing you can do to get the lowest rate possible.
Of course, your personal rate may be different from the rates listed above. The rate you're eligible for can change based on things like your down payment, the price of the house, your credit score, which lender you choose, as well as what the property is being used for.
Luckily, you can get personalized quotes for mortgage rates without filling in a full mortgage application. Use the tools at the top of this page and we’ll provide you with personalized mortgage quotes from Kingston lenders in under two minutes.
Kingston closing costs
When applying for a new mortgage in Kingston, you'll need to consider the closing costs associated with all property purchases. Most of these costs will need to be paid upfront, so you’ll need to save the cash to pay for them (in addition to your down payment).
Ontario Land Transfer Tax
When buying a home in Kingston, you'll be subject to the Ontario Land Transfer Tax. This tax applies to most property purchases in the province. It's a marginal tax rate, based on the purchase price of the property. This tax will need to be paid in cash, and cannot be added to your mortgage.
Ontario land transfer tax rates are relatively high compared to other provinces, but not the highest in the country. Ontario land transfer tax rates are as follows:
Purchase Price of Home | Marginal Tax Rate | |||
---|---|---|---|---|
First $55,000 | 0.5% | |||
$55,000.01 to $250,000.00 | 1.0% | |||
$250,000.01 to $400,000.00 | 1.5% | |||
$400,000.01 to $2,000,000.00 | 2.0% | |||
Over $2,000,000 | 2.5% |
City of Toronto Land Transfer Tax
In addition to paying the Ontario land transfer tax, residents of the Greater Toronto Area may also be subject to an additional land transfer tax from the City of Toronto. Luckily, Kingston is just outside of the region where the Toronto Land Transfer Tax applies (Etobicoke is the Western boundary). However, if you were to buy a home in Etobicoke, you'd be required to pay this tax.
Toronto land transfer tax rates are listed in the table below.
Purchase Price of Home | Marginal Tax Rate | |||
---|---|---|---|---|
First $55,000 | 0.5% | |||
$55,000.01 to $250,000.00 | 1.0% | |||
$250,000.01 to $400,000.00 | 1.5% | |||
$400,000.01 to $2,000,000.00 | 2.0% | |||
Over $2,000,000 | 2.5% |
CMHC Insurance
If your mortgage is an insured mortgage, you'll need to pay for mortgage default insurance. This will normally be included as part of your mortgage, so you won't need to provide it in cash.
Non-Resident Speculation Tax
Another Ontario tax that may or may not affect you is the Non-Resident Speculation Tax. This is a 15% tax on all property purchases by non-Canadian residents in the Golden Horseshoe area, which includes the GTA and Hamilton, stretching to the US border at Niagara. This does include Kingston, so it's important to know if you are not a Canadian resident.
These are just some of the closing costs you’ll have to pay in Kingston. Learn more on our closing costs education centre page.
Kingston first-time home buyer rebates
Most of the first-time home buyer programs in Canada are administered at the provincial level, and typically involve a full or partial rebate of the province's land transfer tax. In Ontario, a rebate of the provincial land transfer tax is available, as well as a rebate for the Toronto land transfer tax. This should come as a relief to Kingston's first-time home buyers, as land transfer taxes can significantly add to the cost of purchasing a home in Ontario.
Ontario first-time home buyer rebate
The Ontario land transfer tax refund is equal to the full value of the land transfer tax up to a maximum of $4,000. Based on Ontario land transfer tax rates, the refund will fully cover the tax levied on houses of up to $368,000 in value.
To be eligible, you'll need to be a citizen or permanent resident of Canada, over 18 years old, have never owned a home before (this includes your spouse), and live in the home within 9 months of purchase.
Toronto first-time home buyer rebate
First-time home buyers in Toronto of new and resale homes are eligible to receive a rebate of the Toronto Land Transfer Tax, up to a maximum of $4,475. Eligibility for this program is similar to the provincial program outlined above.
Federal first-time home buyer programs
In addition to land transfer tax rebates, new home buyers in Kingston may also be eligible for first-time home buyer programs at the federal level, including:
- RRSP Home Buyer’s Plan: This allows you to borrow up to $60,000 from your RRSP for your down payment. The money must be paid back within 15 years.
- First-Time Home Buyer’s Tax Credit: This is a tax credit of up to $750, available when you file your taxes for the year in which you bought your first home.
- GST/HST New Housing Rebate: If your home is newly built, it may be subject to GST or HST. This rebate gives you some or all of that tax back.
Each of these schemes has eligibility criteria and additional rules that apply, which you'll need to investigate further before you apply for them.
Jamie David, Director of Marketing and Head of Mortgages
Jamie has 15+ years of business and marketing experience. She contributes her mortgage expertise to The Globe and Mail and authors Ratehub’s mortgage and homebuying guides. read full bio
Want to learn more? Check out our comprehensive education centre
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