City of Toronto · Updated June 2026
Clear, strategic mortgage advice for Toronto homebuyers, owners and investors — from a licensed FSRA Mortgage Agent (Level 2) with access to more than 30 lenders.
Why work with Isha in Toronto
Toronto is one of Canada's most competitive housing markets, and the right mortgage strategy looks different here than almost anywhere else. Between the city's own municipal land transfer tax, a condo-heavy entry market and price points that often push buyers past insured limits, small decisions add up to real money over a five-year term.
I help Toronto buyers and owners cut through that. Rather than taking whatever one bank offers, I compare more than 30 A, B and private lenders to match your income, down payment and goals — whether you're buying your first condo downtown, moving up to a family home, refinancing, or financing a rental.
Toronto market snapshot
Source: Toronto Regional Real Estate Board (TRREB) / WOWA, May 2026. Figures are city-wide averages and vary widely by neighbourhood and home type. Last reviewed June 2026.
Toronto's market has been improving for buyers over the past year as prices eased and borrowing costs fell, but spring 2026 saw conditions tighten again: sales rose while new listings dropped, and the City of Toronto average price actually edged up about 1.5% month-over-month in May. In practice that means more competition returning in the most desirable pockets, even as the benchmark sits well below its 2022 peak.
Roughly one in four condo sales across the GTA now falls in the $400,000–$600,000 range, which is where many first-time Toronto buyers are entering. Move-up buyers are competing for detached and semi-detached family homes, while investors are watching condo prices that remain below recent highs.
Local areas
Condo-led and the most common entry point for first-time buyers; strong transit and amenities.
Yonge-corridor condos plus established detached pockets popular with growing families.
Some of the city's more attainable detached and townhouse options for family buyers.
Lakeside living with a mix of condos and detached homes, and easy highway access.
First-time buyers & programs
Toronto first-time buyers are the only ones in Ontario who pay two land transfer taxes — provincial and municipal — but you can claim a rebate on each (up to $4,000 provincially and up to $4,475 on the Toronto tax). Paired with an FHSA, the RRSP Home Buyers' Plan and a 30-year amortization on insured first-home purchases, that meaningfully lowers the cash needed up front. I'll map out exactly which apply to you.
As of June 2026 the Bank of Canada's policy rate is 2.25% (held for a fifth straight meeting on June 10), the best insured 5-year fixed rates sit near 4.04% and 5-year variable near 3.35%. Rates change often, so the figure that matters is the one you actually qualify for the day you apply.
Questions, answered
Get a clear, no-pressure read on what you can afford and which lender fits — usually within a day.
Nearby areas