Today’s Mortgage Rates updated as of October 13, 2025 12:51 pm
5-year fixed*
5-year Variable*
*Insured loans. Other conditions apply. Rate in effect as of today.
Short-term rental properties, such as those listed on Airbnb and Vrbo, offer lucrative income potential. However, securing financing for these properties often comes with unique challenges. Citadel Mortgages specializes in tailored mortgage solutions for short-term rental properties, ensuring you can capitalize on this growing market.
Whether you’re a first-time homebuyer, refinancing, or renewing your mortgage, understanding current trends and available options helps you make informed financial decisions.
This guide focuses on helping you navigate the Canadian mortgage market, offering insights into current rates, strategies for securing the best deal, and regional trends.
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).
A short-term rental mortgage is designed specifically for properties used as short-term rental accommodations, such as Airbnb or Vrbo. These loans consider unique income structures and property uses, ensuring that landlords and investors can secure financing while meeting lender requirements.
Learn more about today’s best mortgage rates in Canada.
| Feature | Details |
|---|---|
| Maximum Loan-to-Value (LTV) | Up to 75% of the property’s appraised value. |
| Rental Income Validation | Based on market rent or an average of the past two years’ gross rental income. |
| Documentation Required | Personal Income Tax Returns (PITR) with Statement of Rentals (T776 or TP-128-V). |
| Rental Offset | 80% of rental offset applied to income calculations. |
| Area/Building Validation | Must confirm that the property area or building permits short-term rentals. |
| 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 |
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)
Diversified Income Stream
Flexible Financing Options
Maximized Borrowing Power
Lucrative Investment Potential
Income Verification
Property Validation
Down Payment
Creditworthiness
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.
Yes, lenders often allow projected market rents or verified income from PITR to calculate loan eligibility.
No, it’s essential to confirm local zoning laws and building regulations to ensure short-term rentals are permitted.
Yes, refinancing options are available to leverage your equity for other investments.
Yes, lenders typically use 80% rental offset for short-term rental income calculations.
Short-term rentals offer incredible income potential, but financing them requires specialized mortgage solutions. With the Citadel Mortgages Short-Term Rental Program, you can secure competitive rates, flexible terms, and expert guidance tailored to your needs. Whether you’re managing an Airbnb in a bustling city or a Vrbo property in a serene getaway location, our team is here to make the financing process seamless.
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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