Current Variable Rate
5.55%Current Prime Rate
6.45%
Terms | Bank Rates | Our Rates |
|---|---|---|
6 Months | 6.59% | 5.99% |
1 Year | 6.09% | 5.99% |
2 Year | 5.79% | 5.74% |
3 Year | 5.79% | 5.09% |
4 Years | 6.09% | 5.24% |
5 Years | 6.34% | 4.79% |
7 Years | 6.60% | 5.84% |
10 Years | 6.85% | 5.99% |
Commercial MortgageGrow your business
Commercial MortgageGrow your business
CALL US, WE CAN HELP!
In order to secure the right commercial mortgage, you’ll need to match your building, property type, and related location to a relevant lender.
That’s where a Mortgage Centre Specialist can help! Whether you want to buy your first auto body shop, are building your next shopping plaza, or adding a new shipping centre to your growing business, we’ll help custom-fit a commercial mortgage solution to your specific needs.
Commercial mortgages are different from residential mortgages in a number of ways, including the following:
- The loan-to-value ratio may be lower for a commercial mortgage, meaning less of the total value of the property is covered by the loan.
- The interest rate on a commercial mortgage is higher than on a residential mortgage.
Commercial mortgages are usually amortized over a period of 20 years or more and repaid in regular instalments.
At GTA Mortgage Centre, we can shop your commercial mortgage to many major lenders that Canadian businesses have trusted for generations. What’s more, we can generally access lenders who only deal with mortgage specialists, which could provide added choice and flexibility with your financing needs.
Financing commercial property ventures
Growing your business is an exciting opportunity. As local business people, GTA Mortgage Centre understands the importance of supporting our local economy. Regardless of your business mortgage financing needs, we’re available to discuss your situation and research options.
Our Rates
Compare our rates to the banks and see why the GTA Mortgage Centre is the wisest choice.
Please Note: Advertised rates are not guaranteed. The rate provided by any financial institution listed, or any approval or decline you receive, will be based solely on your personal situation. Rates may vary from Province to Province and are subject to change without notice. Posted rates may be high ratio and/or quick close which can differ from conventional rates. The advertised rates are provided as guidance only and the accuracy of these rates is not guaranteed. You are encouraged to speak with a GTA Mortgage Centre Specialist for the most accurate information and to determine your eligibility. *O.A.C. & E.O.
Ready to apply for a Mortgage?
Get the process started by filling a short mortgage application form and our experienced representatives will contact you to discuss your financial needs.