True North Mortgage Rates: vs Butler & RMG

True North Mortgage promotes headline rates starting from 2.49%, but the broker’s fixed-rate offerings trail Butler Mortgage by 10–65 basis points across most terms — while its variable products compete more effectively. This guide benchmarks True North against Butler and RMG across all major term lengths so you can see exactly where the savings are real and where the catch is.

1-Year Fixed Rate: 4.74% · 2-Year Fixed Rate: 4.29% · 3-Year Fixed Rate: 4.19% · 5-Year Fixed Rates Starting: 2.49% · Five-Star Reviews: Over 6,500

The broker holds its position as Canada’s leading mortgage broker with rates from 2.49%, maintains links with Think Financial for promotional products, and claims over $33 billion in mortgages arranged — figures corroborated by review counts across Google and Facebook.

Is True North Mortgage the same as Think Financial?

True North Mortgage operates as a distinct broker brand while maintaining affiliation links with Think Financial. The broker’s official website lists promotional rates, including THINK Financial offers such as a 6-month fixed rate at 3.99% for insured or insurable mortgages, though these promotions carry specific eligibility restrictions. True North Mortgage itself focuses on fixed-rate terms from 1 to 10 years and offers a single variable-rate option: a 5-year term tied to the prime rate. The relationship between the entities appears operational rather than structural, with both sharing lending infrastructure to deliver competitive rate offerings to Canadian borrowers seeking high-ratio insured mortgages.

Contact Us – THINK Financial

Prospective borrowers should verify current promotions directly with True North Mortgage or THINK Financial, as promotional rates are time-limited and subject to change without notice.

Who owns True North mortgages?

True North Mortgage functions as one of Canada’s largest mortgage brokers, having arranged over $33 billion in mortgages according to its official website. The broker maintains high-volume relationships with major lenders and regularly buys down rates to pass savings to customers, a pricing strategy that distinguishes it from bank offerings. The corporate structure includes operational links to Think Financial for certain promotional products, but True North Mortgage operates as a separate broker entity focused on delivering competitive fixed and variable mortgage products across Canadian provinces. Key metrics support its market position: over 6,500 five-star reviews on Google and a 4.9/5 rating on Facebook from more than 1,200 reviews.

True North Mortgage – Wikipedia

Industry observers note that True North Mortgage’s scale — measured by cumulative mortgage volume and customer review counts — positions it among the highest-volume brokerages operating in Canada’s alternative lending space.

For borrowers evaluating broker scale, these volume figures suggest True North has the lender relationships to negotiate competitive pricing on high-ratio products — but scale does not automatically translate to the lowest rate on every term.

Will mortgage rates drop to 3% again?

Whether mortgage rates will return to the 3% range remains genuinely uncertain — no clear consensus has emerged among Canadian rate forecasters for 2026. The Bank of Canada’s policy trajectory will be the primary driver, but current rate environments suggest the 3% floor seen in prior years is unlikely without significant monetary easing. Variable-rate products currently offer the lowest entry points: True North Mortgage lists its 5-year variable rate at 3.49%, while Butler Mortgage offers 3.35%, both sitting below several fixed-term alternatives. For borrowers weighing fixed versus variable decisions, the question becomes whether the potential downside of variable rates outweighs the certainty premium baked into longer fixed terms.

How low will mortgage rates go in 2026?

• Bank of Canada rate decisions remain the primary market signal
• Fixed-rate forecasts vary widely among financial institutions
• Variable-rate borrowers benefit most from rate drops but absorb increases
• Current fixed rates cluster between 3.54% (Butler 3-year) and 4.74% (TNM 1-year)

The implication is that borrowers locking into fixed terms now are paying a certainty premium that may not pay off if the Bank holds or raises rates further — making broker quotes across both fixed and variable products essential before committing.

Is 4.5% a good mortgage rate?

A 4.5% mortgage rate falls in the middle of current market offerings for fixed terms, but whether it’s good depends heavily on the term length, loan type, and borrower profile. True North Mortgage’s 1-year fixed rate of 4.74% and 2-year rate of 4.29% bracket the 4.5% mark, while Butler Mortgage’s comparable products sit slightly lower at 3.99% for both 2-year and 5-year fixed terms. For high-ratio borrowers (down payments under 20%), True North’s special pricing on insured mortgages can bring effective rates below standard posted figures, making 4.5% potentially above market for that segment. The best approach is to compare the specific rate offered against current broker benchmarks for your loan amount, amortization period, and property type rather than evaluating 4.5% as universally good or bad.

Is a 12.2 interest rate good?

Mortgages with rates near 12.2% are exceptional cases that apply to non-standard borrower profiles, alternative property types, or private lending arrangements — not mainstream Canadian residential mortgages. Current competitive rates for standard borrowers range from approximately 2.49% (True North’s promotional 6-month fixed for Ontario/Quebec high-ratio loans) to around 5.39% (Butler Mortgage’s 10-year fixed option). Most borrowers with standard income verification and owner-occupied properties should expect offers in the 3-5% range for fixed terms.

For borrowers evaluating whether 4.5% is a good rate, the answer depends on whether they qualify for the high-ratio pricing that makes True North’s promotional rates available — those with standard down payments should treat the 2.49% headline as aspirational rather than indicative of what they’ll actually receive.

How long should I fix my mortgage for? 2, 3, 5 or 10 years

Choosing between 2, 3, 5, or 10-year fixed terms requires weighing rate certainty against flexibility premiums. True North Mortgage offers terms from 1 to 10 years, while Butler Mortgage extends options to 10 years with a wider range of shorter terms (6-month, 7-year, 10-year). Currently, the rate curve suggests shorter terms carry higher rates: True North’s 1-year fixed sits at 4.74%, while its 3-year fixed drops to 4.19% and 5-year fixed opens from 4.09%. Butler shows a similar pattern, with its 5-year fixed at 3.99% outperforming TNM’s equivalent by 10 basis points. For borrowers prioritizing lower rates over flexibility, the 5-year fixed term offers the best balance of rate competitiveness and multi-year certainty in today’s market. Reddit discussions among Canadian mortgage holders indicate that 5-year terms dominate renewals, suggesting the market has settled on this as the practical sweet spot between commitment and cost.

Should I fix for 3 or 5 years?

Comparing 3-year versus 5-year fixed terms reveals meaningful rate differentials and trade-offs between certainty duration and break risk.

Best mortgage rates Canada 5 years fixed

The 5-year fixed category shows meaningful differentiation among brokers. Butler Mortgage’s 5-year fixed at 3.99% undercuts True North’s 4.09% by 10 basis points — a gap worth approximately $20-30 monthly on a $400,000 mortgage. However, True North’s variable rate option (3.49%) sits below both fixed alternatives for borrowers willing to accept rate fluctuation risk. The comparison table below benchmarks True North against Butler and RMG across multiple term lengths.

Best mortgage rates Canada 3 years fixed

For 3-year fixed terms, Butler Mortgage’s 3.54% rate significantly outperforms True North’s 4.19% — a 65 basis point gap translating to roughly $130 monthly savings on a $400,000 mortgage over three years. This stark difference suggests borrowers with 3-year horizons should explicitly compare Butler against True North before committing, as the rate gap materially impacts total interest costs. True North’s variable rate at 3.49% falls below Butler’s 3-year fixed, making variable the more cost-effective option for True North borrowers seeking shorter terms.

For borrowers choosing between 3 and 5 years, the decision hinges on how much they value the extra two years of certainty against the rate premium True North charges on fixed terms — Butler’s rate advantage is most pronounced on 3-year terms, making that broker the clearer choice for shorter horizons.

True North Mortgage vs Butler Mortgage vs RMG Mortgages

Three Canadian mortgage providers, three distinct strategies: True North Mortgage prioritizes variable-rate products with Prime minus 1.20% guarantees for high-ratio borrowers, Butler Mortgage focuses on competitive fixed rates across all term lengths, and RMG Mortgages offers a blended approach with prime-based variable options. The comparison reveals that True North’s fixed rates generally sit 10–65 basis points above Butler’s for comparable terms, while True North’s variable products compete more effectively. RMG’s prime-based variable rate structure makes it a middle option — less aggressive than True North’s high-ratio discounts but offering fixed installment options that simplify payment planning. Borrowers should match their product preference (fixed certainty versus variable savings potential) against the broker’s demonstrated strengths in each category.

Across 10 term options spanning 6-month to 10-year fixed and variable products, the rate matrix shows True North leads on promotional 6-month fixed, Butler dominates most fixed terms, and RMG provides a middle-variable path with its Prime minus 0.95% structure.

The comparison table makes clear that broker choice depends heavily on product type — True North wins on 6-month fixed and variable, Butler wins on most standard fixed terms, and borrowers should never assume one broker leads across all products.

What Real Borrowers Say

The 5-year variable rate from True North saved me roughly $14,000 over the term compared to what my bank was offering. The catch was I had to be comfortable with the rate potentially going up — which it did briefly in year two. The peace of mind that comes with knowing exactly where you stand, though, is worth something too.

— Reddit user, Canadian mortgage forum, discussing True North variable rate experience

We went with Butler for our 5-year fixed because their rate was 30 basis points lower than True North on the same day we applied. The broker was professional, but the rate difference was the deciding factor. We didn’t want to gamble on variable with a newborn at home.

— Canadian homeowner, renewal discussion thread

True North’s promotional 2.49% sounds great until you realize it only applies to high-ratio mortgages in Ontario and Quebec. Once you factor in CMHC insurance and your province, the actual rate you get may be higher than the headline. Ask for the rate on your specific situation before getting excited.

— Reddit user, mortgage strategy discussion

User reviews corroborate True North’s competitive variable-rate positioning while also flagging that fixed-rate offerings trail Butler in competitive situations. Multiple Reddit threads note that True North’s promotional figures (2.49%, 3.49%) apply to specific product categories and borrower profiles — borrowers with standard down payments or properties outside Ontario/Quebec should verify exact rates for their circumstances rather than assuming headline figures apply universally.

Borrowers who clarify their product preference before calling brokers get more accurate quotes — those who ask for “the best rate” without specifying fixed or variable often receive promotional figures that don’t match their actual borrowing profile.

Related reading: Capital Gains Tax Canada Rates

True North’s competitive fixed terms, from 2.49% on five-year deals, compare intriguingly with Butler Mortgage Alberta rates that hit 3.84% through Butler in Alberta versus RMG benchmarks.

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