Brampton mortgage rates. Compare today.
Compare today’s best mortgage rates for Brampton homes, from Springdale to Castlemore. Get clear options for buying, renewing or refinancing.
What to know before you buy.
Brampton has no municipal land transfer tax. You pay the Ontario tax only, unlike buyers in nearby Toronto.
Eligible first-time buyers can get a refund of up to $4,000 on Ontario land transfer tax.
Budget for land transfer tax, legal fees, title insurance, a home inspection and property tax adjustments on top of your down payment.
Mortgage options for your situation.
Families buying together
Parents, adult children or siblings can often apply together as co-borrowers, combining incomes to qualify for a larger home.Homes with a basement suite
Some lenders count part of the rental income from a legal secondary unit when you qualify. The suite’s legal status matters, so check it first.Self-employed and business owners
Business-for-self programs look at your full picture, not just your T4. Have two years of tax returns and Notices of Assessment ready.Mortgages across Brampton
Renewing soon?
Many Brampton homeowners bought when rates were much lower. If your renewal is coming up, compare offers 120 days before your maturity date instead of signing your lender’s renewal letter automatically.
Your real closing day bill in Brampton
Land transfer tax, rebates, the 8% tax on mortgage insurance, legal fees and more: see the total cash you’ll need on closing day.
Brampton mortgage questions
Does Brampton have a municipal land transfer tax?
No. Brampton buyers pay the Ontario land transfer tax only. Toronto is the only Ontario city with its own municipal land transfer tax.
Can family members be on the mortgage with me?
Often, yes. Lenders can allow multiple co-borrowers on one mortgage, which combines incomes for qualifying. Everyone on the mortgage is responsible for the full debt.
Can rental income from a basement suite help me qualify?
Some lenders count a portion of rental income from a legal secondary unit. How much they count, and what proof they need, varies by lender.
Disclaimer: General information only, not financial, legal or tax advice. Rules, taxes and rebates change; confirm current details with a qualified professional, your lawyer and your lender. TheCanadianMortgage.ca is not a lender. Rates are for illustration and subject to approval (OAC).