Renew or transfer
Review your renewal offer, term preferences, payment flexibility and possible switching costs before making a decision.
Discuss renewal →A better conversation starts here
Mortgage renewal or refinance? Start with a clear conversation.
Compare payment scenarios, explore HELOC and purchase options, and speak directly with an Ontario-focused mortgage advisor. No lengthy online inquiry form.
✓ 14+ years residential mortgage experience✓ Direct call or text✓ Five real client reviews
Read customer experiences ↗Payment snapshotInteractive
Explore a monthly payment
$
Estimated principal & interest / month—
Illustrative rate, not a current offer or quote. Excludes taxes, insurance and other costs.
What brings you here?
Find the right starting point
Choose your situation for focused guidance — then call or text when you are ready.
Renewing soon?Understand your lender's offer, payment options and switching considerations.Explore renewals →
Considering a HELOC?Understand prime-linked rates, equity, costs and borrowing flexibility.Explore home equity →
Planning a refinance?Review possible costs, new payments and long-term borrowing impact.Explore refinancing →
Ways we can help
Mortgage solutions for the decisions ahead
Different goals call for different conversations. Start with your priorities, timeline and property details.
Buy a home
Explore affordability, down payment requirements, closing costs and the documents needed for a mortgage application.
Discuss purchase →Refinance thoughtfully
Consider cash flow, existing mortgage penalties, equity, new terms and the long-term cost of borrowing.
Discuss refinancing →Simple, human advice
No forms. Just a useful first conversation.
Tell Niraj whether you are renewing, buying, refinancing or exploring a HELOC. Your timeline and goals determine the next steps.
01Call or text
Share the purpose of your inquiry — no sensitive details needed in a text.
02Review options
Discuss relevant terms, estimates and questions to clarify with the lender.
03Decide on next steps
Proceed only when the information and eligibility have been reviewed.
Plan with confidence
Useful mortgage calculators
Explore illustrative scenarios. These tools do not determine eligibility, approval or an available rate.
Estimate your mortgage payment
If the down payment is below 20%, mortgage default insurance may apply and is not included. Minimum down payment and amortization eligibility depend on applicable rules.
Estimated monthly payment—
Mortgage principal—
Down payment—
Principal and interest only, based on Canadian semi-annual compounding.
Explore the qualifying rate
For mortgages subject to the OSFI minimum qualifying rate, the benchmark is generally the greater of contract rate + 2 percentage points or the prescribed floor. Applicability and rules can vary. This is not an affordability or approval calculation.
Illustrative qualifying rate—
Contract rate + 2%—
Assumed floor—
Debt service ratios, income, property costs and other lender criteria are not assessed.
Estimate Ontario land transfer tax
Estimate uses standard residential Ontario and Toronto marginal tax brackets, including Toronto's higher-value tiers. Additional taxes, exemptions, eligibility restrictions and closing costs may apply. Verify current rules before relying on this estimate.
Estimated tax after selected rebates—
Ontario tax (before rebate)—
Toronto tax (before rebate)—
Assumed rebates—
Ontario rebate up to $4,000; Toronto rebate up to $4,475 when eligible. Verify all eligibility requirements.
Quick access
Choose the mortgage information you need
Rates below are reference figures only, not current confirmed offers.
Mortgage rates
Compare fixed and variable mortgage terms
Explore reference rates and ask for current personalized pricing. These figures were supplied for planning and are not updated live or independently verified. Rates and terms depend on eligibility and lender approval.
Mortgage rate reference list
Always visible, including if a browser blocks JavaScript. Ask Niraj to confirm availability and eligibility.
| Mortgage term | Reference rate |
|---|---|
| 1-year fixed | 4.94% |
| 2-year fixed | 4.69% |
| 3-year fixed | 4.54% |
| 4-year fixed | 4.69% |
| 5-year fixed | 4.84% |
| 7-year fixed | 4.85% |
| 10-year fixed | 5.05% |
| 3-year variable | 3.85% |
| 5-year variable | 3.90% |
Reference rates are not a rate commitment or an offer. Variable rates can change with lender prime rates. For up-to-date rates, speak with Niraj directly.
Personal guidance
Speak directly with Niraj Thakor
Mortgage decisions can involve more than a rate comparison. Discuss your renewal timeline, purchase plans, cash-flow priorities and the documentation needed for the next step.
Call, text or email. No personal financial information is collected through this website.
Related resources
Explore property-specific planning
Home equity
HELOC rates and home-equity borrowing
Explore flexible borrowing secured against your home. HELOC rates are typically variable and lender-specific; an accurate quote depends on the product, equity and qualification.
HELOC rate
Request today's personalized HELOC rate
Prime + 1.00%
Illustrative HELOC formula, not a verified live offer
Illustrative HELOC pricing: reference Prime 4.70% + 1.00% = 5.70% annually (site-owner-supplied planning figures). Confirm the lender's current prime rate, margin, fees, limits and repayment requirements before deciding.
Questions to ask before choosing a HELOC
- How is the interest rate calculated and when can it change?
- What equity and income are required?
- Are there appraisal, legal, discharge or setup costs?
- What happens if interest rates rise?
Promotions and incentives
Ask about current mortgage offers
Cashback, switching incentives and promotional terms may be available on qualifying products. Confirm the current offer, expiry date and complete conditions with an advisor.
Cashback inquiry
Ask about available mortgage cashback incentives
This is an inquiry prompt, not a confirmed or guaranteed $5,000 offer. Availability and eligibility have not been independently verified.
Ask about $5K cashbackOther offers
Renewal, transfer and purchase incentives
Ask about product-specific offers, switching costs and eligibility. We do not list unverified promotions as currently available.
Request current offersMortgage rate insights
See how interest rates affect mortgage costs
Illustrative scenarios, not a historical rate chart or a prediction. Explore your own numbers in the calculators above.
Client experiences
What mortgage clients are saying
Read what clients have shared about their experience working with Niraj. Each review is reproduced from customer-provided Google review screenshots.
Selvina Ragawoodoo
Google customer review
★★★★★
Thank you Niraj for your careful planning and good advices. All our requests for our mortgage renewal were taken care of . We really appreciate your attention to our financing. You were extremely patience and reliable. I will certainly recommend your service to anyone I know who needs a mortgage.
Nikum Sitwala
Google customer review
★★★★★
Prompt, efficient and precise execution as well as communication. Tremendous work ethic and dedication. Overall excellent and smooth experience throughout the application process.
Sarthak Sharma
Google customer review
★★★★★
Really great service . Niraj is super helpful and prompt. Highly recommended
Sukhvir Brar
Google customer review
★★★★★
Very Helpful, knowledgeable, fast acting.
Cecilia Ola
Google customer review
★★★★★
Niraj is a reliable and experienced mortgage broker. I am very satisfied with what I experienced when refinancing my mortgage. I'll not hesitate to introduce him to my friends and neighbors.
Ready when you are
Have a mortgage question? Speak with Niraj.
Get a human conversation about your situation. Start with a call or a simple text — there is no website lead form.
Mortgage FAQs
Answers to common Ontario mortgage questions
Start with the questions most relevant to borrowers comparing rates, renewing or refinancing.
How can I find the current mortgage rate in Ontario?
Published rates may not match the rate you qualify for. Ask for a current quote that includes term, fixed or variable structure, amortization, insurance status, restrictions and any incentives.
Should I choose a fixed or variable mortgage rate?
Fixed rates generally offer payment predictability during the term. Variable rates can change with lender prime rates. Compare risk tolerance, payment flexibility, penalties and the full product terms.
When should I start planning my mortgage renewal?
Review options several months before maturity. Compare your lender’s renewal offer with available alternatives, and ask about switching costs, qualification and timing.
What is a mortgage stress test in Canada?
For many federally regulated mortgage qualifications, the qualifying rate is the greater of the contract rate plus 2 percentage points or 5.25%. Applicability and lender policies vary; confirm current requirements.
What are GDS and TDS ratios?
Gross Debt Service (GDS) compares qualifying housing costs with gross income. Total Debt Service (TDS) adds other debt obligations. Common planning thresholds are 39% GDS and 44% TDS, but lender criteria vary.
How is a HELOC interest rate determined?
HELOC rates commonly use lender prime plus or minus a margin. This website illustrates Prime + 1.00%; confirm the actual rate, limits, fees and repayment terms.
Can I refinance to consolidate debt or access home equity?
Refinancing may allow access to home equity, subject to lender limits and qualification. Compare total borrowing cost, penalties, legal fees and the impact of extending amortization.
Is a $5,000 mortgage cashback offer currently available?
Availability has not been verified on this website. Ask Niraj about current promotions and review all eligibility, repayment and clawback conditions before relying on an offer.
What affects the mortgage rate I can qualify for?
Factors can include insured status, loan-to-value ratio, credit profile, income, property type, term, amortization and lender-specific restrictions.
How do I contact a mortgage advisor without filling out a form?
Call or text Niraj at 647-298-9292 or email niraj.thakor@cibc.com. Avoid sending sensitive personal financial information through ordinary messages.