Today’s Mortgage Rates updated as of October 16, 2025 10:14 pm
5-year fixed*
5-year Variable*
*Insured loans. Other conditions apply. Rate in effect as of today.
The Builder Program is an innovative mortgage solution for buyers of pre-construction homes and condos. This program allows clients to lock in a mortgage approval and interest rate for up to 3 years, ensuring peace of mind and financial security throughout the construction period.
With the Builder Program, you can secure a firm financing commitment today and enjoy the flexibility of financing at the appreciated value of the property at the time of closing.
Whether you’re a first-time homebuyer, refinancing, or renewing your mortgage, understanding current trends and available options helps you make informed financial decisions.
Mortgage brokers play a pivotal role in helping Canadians find tailored financing options, providing expert advice, and navigating the often complex mortgage market.
For more detailed information on mortgage types, costs, and rights, consult the Government of Canada – Financial Consumer Agency of Canada (FCAC).
| Feature | Details |
|---|---|
| 3-Year Approval & Rate Hold | Lock in your mortgage rate and approval for up to 3 years, regardless of market conditions. |
| Appreciated Value Financing | Secure financing based on the increased property value at closing. |
| Firm Approvals | Receive a firm commitment based on property specifications and plans. |
| Upfront Appraisals | Realize the appreciated value with upfront property appraisals. |
| Competitive Cap Rates | Benefit from competitive rates with the option to convert to market rates at closing. |
| Assigned Unit Options | Flexibility to transfer or assign your purchase to another buyer. |
Learn more about today’s best mortgage rates in Canada.
Get Approved Today
Lock in a Competitive Rate
Appraised Value at Closing
Flexibility with Assigned Units
Protection Against Market Volatility
Appreciation Advantage
Flexible Options for Assigned Units
Streamlined Process
Long-Term Peace of Mind
| Metric | 1-Year Fixed | National Average |
|---|---|---|
| Average Rate (2024) | 5.75% | 5.50% – 6.50% |
| Typical Loan Size | $360,000 | $390,000 |
| Approval Time | 3–5 Business Days | 3–7 Business Days |
To qualify for the Builder Program, applicants must meet the following criteria:
Standard Mortgage Requirements
Valid Purchase or Assignment Agreement
Property Documentation
Using a mortgage broker that has access to some of the lowest mortgage rates in Canada, is key to ensure you have the best approval rate.
While 33% of non-homeowners believe they’ll never own*, our Citadel mortgage brokers are 100% confident they can make it happen. How? With our expert advice and guidance.
(5-years interest savings with Citadel Mortgages)**
(Interest savings with Citadel Mortgages)
(5-years interest savings with Citadel Mortgages)**
(Interest savings with Citadel Mortgages)
Expert Guidance
Tailored Solutions
Access to Competitive Rates
Long-Term Rate Hold
We compare mortgage rates from top lenders, including BMO mortgage rates, CIBC mortgage rates, RBC mortgage rates, TD Bank Mortgage Rates, and MCAP mortgage rates, alongside our exclusive Citadel Smart Home Plan mortgage rates. Let us simplify the process and help you secure approval quickly and stress-free!
At Citadel Mortgages, we recognize how important it is to stay informed about changing mortgage interest rates. Whether you’re purchasing your first home, refinancing, or renewing your mortgage, we’re here to guide you through the process with solutions that suit your financial needs, even in fluctuating rate environments.
From fixed to variable rates, we offer tailored solutions that help you secure the most competitive interest rates for your situation.
Our team monitors the Canadian mortgage market to provide insights on current rates, helping you make informed decisions.
We focus on finding solutions, even if you’ve faced credit challenges or financial setbacks.
Income constraints shouldn’t hold you back. We specialize in making homeownership accessible for Canadians in various financial situations.
Enjoy a smooth experience with quick approvals and clear communication every step of the way.
Secure today’s interest rates to avoid surprises if rates increase before your mortgage closes.
Consolidate high-interest debt into a single, lower-interest mortgage payment, saving you money and simplifying your finances.
Choose flexible payment terms that fit your budget, whether you prefer the stability of a fixed rate or the potential savings of a variable rate.
Refinance your mortgage to tap into your home’s equity for renovations, debt consolidation, or investment opportunities.
With the Builder Program, you can finance based on the appreciated value of your home or condo, maximizing your borrowing potential.
Yes, the program allows for assignments, giving you flexibility if your plans change.
The approval and rate hold are valid for up to 3 years, providing stability during the construction period.
You have the option to convert to market rates at the time of closing if they are more competitive.
The Builder Program is the perfect solution for buyers of pre-construction homes and condos. By locking in today’s rates and approvals for up to 3 years, you can navigate the construction process with confidence and financial security. Whether you’re a first-time buyer or a seasoned investor, Citadel Mortgages is here to guide you every step of the way.
At Citadel Mortgages, we specialize in helping Canadians navigate the complexities of mortgage rates and terms. Whether you’re looking for a 6-month fixed rate, a 5-year variable, or something in between, our team is here to provide personalized guidance and access to the best rates in Canada.
At Citadel Mortgages, we pride ourselves on offering expert, client-focused mortgage solutions that stand out in the industry. Here’s why you should choose us:
Our mortgage brokers are licensed and certified across multiple provinces, providing exceptional advice and service tailored to your unique needs. Our mortgage brokers are committed to delivering the highest standards of professionalism and expertise.
Unlike traditional commission-based models, our mortgage agents are evaluated based on client satisfaction and the quality of their advice. This ensures that you receive impartial guidance on the best mortgage options for your situation.
Citadel Mortgages offers competitive rates that help you save money over the life of your mortgage. Our team works diligently to find the most favorable terms to suit your financial goals.
We are dedicated to transforming the mortgage industry by offering a transparent, seamless process. Our 100% digital platform ensures that you can manage your mortgage application from start to finish with ease and confidence.
At Citadel Mortgages, our mission is to provide a positive, empowering, and transparent property financing experience. We simplify the mortgage process to make it as straightforward and stress-free as possible.
For personalized advice and the best mortgage rates in Toronto, contact our licensed and knowledgeable mortgage experts at Citadel Mortgages.
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